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Bitcoin Magazine (OP)
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April 28, 2014, 06:45:01 PM
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"With a proof-of-stake system, new coins are generated based on the holdings of individuals. In other words, someone holding 1% of the currency will generate 1% of all proof-of-stake coin blocks"

what does it mean?

if i want to mine solo, i need PPCoin in my account first otherwise nothing will happen?   Huh
i am here.
roslinpl
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April 28, 2014, 11:15:55 PM
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Quote from: Bitcoin Magazine on April 28, 2014, 06:45:01 PM
"With a proof-of-stake system, new coins are generated based on the holdings of individuals. In other words, someone holding 1% of the currency will generate 1% of all proof-of-stake coin blocks"

what does it mean?

if i want to mine solo, i need PPCoin in my account first otherwise nothing will happen?   Huh

Yes this is how "minting" works in PoS coins.

You get a % from your holdings.
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