ZNCoin[Secured-Fast-Untraceable][Platforms][POS 60%][NO ICO][AIRDROP][BOUNTY]

[cryptofoundry]

is it still mineable (after 10 000 block) or what?

[1714960489]

1714960489

[1714960489]

1714960489

[1714960489]

1714960489

[xenrinkashime]

is it still mineable (after 10 000 block) or what?

yes 10,000 blocks for mining and now its pure POS

[sibnia]

ZenCoin, high privacy, and security for every transaction! The project deserves special attention for study and further investments!

[btckesh]

me and some friends are watching this project closer, keep on going the work. appreciated

[lephuqui]

Why airdrop is not passed to newbie. Oh God Why

[xenrinkashime]

Why airdrop is not passed to newbie. Oh God Why

we are getting a ton of airdrop spam by just 1 person...

[btckesh]

Why airdrop is not passed to newbie. Oh God Why

i am about begging also , good luck my friend

[xenrinkashime]

Why airdrop is not passed to newbie. Oh God Why

i am about begging also , good luck my friend

sorry we need to prevent spammers.

[Verethraghna]

Which thread is the official one for the new Zencoin? Is it this thread now? Or is it this one: https://bitcointalk.org/index.php?topic=4243427.420?

And can you explain what does echo friendly mining means in the first post?

[xenrinkashime]

Which thread is the official one for the new Zencoin? Is it this thread now? Or is it this one: https://bitcointalk.org/index.php?topic=4243427.420?

And can you explain what does echo friendly mining means in the first post?

Mining uses high electricity...

[~Money~]

transactions are really fast here, but POS rewards has been heavily reduced, mine used to be 20-40 coin and now it comes down to below 10 sometimes while current supply is still around 150m

[m3mbr44n]

Is there any incentive of using this coin compared to more installed coins like PIVX, Monero or even this new coin called Privcy (they are currently doing an airdrop, and like you did chose to not have an ICO, and they use Tor network for privacy purposes)?
Otherwise I do appreciate projects that do not do ICOs, and thus opt for very organic development, and this is what we need in this market, instead of rushed, inorganic, and short term projects.

I agree, not having an ICO where you need to register all kinds of personal details is a big plus for any proper privacy coin in my opinion. Anyway, ICO's are like honey for financial regulators looking to shut projects down.

[Admkng5]

Russian translation of this thread is google translated.

[truongdhnh]

Russian translation of this thread is google translated.

You can contact them if you notice a problem with the translation. They are rewards for it, you can replace when the campaign participants use translator.

[Admkng5]

I think author will read this here.

[xenrinkashime]

Russian translation of this thread is google translated.

You can contact them if you notice a problem with the translation. They are rewards for it, you can replace when the campaign participants use translator.

ok let me check it

[sibnia]

<A PROOF OF STAKE>

#The proof of stake was created as an alternative to the proof of work (PoW), to tackle inherent issues in the latter. When a transaction is initiated, the transaction data is fitted into a block with a maximum capacity of 1 megabyte, and then duplicated across multiple computers or nodes on the network. The nodes are the administrative body of the blockchain and verify the legitimacy of the transactions in each block. To carry out the verification step, the nodes or miners would need to solve a computational puzzle, known as the proof of work problem. The first miner to decrypt each block transaction problem gets rewarded with coin. Once a block of transactions has been verified, it is added to the blockchain, a public transparent ledger.

#The proof of stake (PoS) seeks to address this issue by attributing mining power to the proportion of coins held by a miner. This way, instead of utilizing energy to answer PoW puzzles, a PoS miner is limited to mining a percentage of transactions that is reflective of his or her ownership stake. For instance, a miner who owns 3% of the Bitcoin available can theoretically mine only 3% of the blocks.

#Bitcoin uses a PoW system and as such is susceptible to a potential Tragedy of Commons. The tragedy of Commons refers to a future point in time when there will be fewer bitcoin miners available due to little to no block reward from mining. The only fees that will be earned will come from transaction fees which will also diminish over time as users opt to pay lower fees for their transactions. With fewer miners than required mining for coins, the network becomes more vulnerable to a 51% attack. A 51% attack is when a miner or mining pool controls 51% of the computati onal power of the network and creates fraudulent blocks of transactions for himself, while invalidating the transactions of others in the network.

#In addition to Bitcoin, Litecoin (LTC) also uses the PoW method. Nxt (NXT) is an example of a cryptocoin that uses the PoS method. Some coins like Peercoin (PPC) use a mixed system where both methods are incorporated. As of May 2017, Ethereum (ETH) is in the process of completely switching from a PoW to a PoS system.

[WUWARAOLUOXIANG]

This project is impressive, jsut need some markting skills！

[lKSLMNSLKnkndlksnkJ]

transactions are really fast here, but POS rewards has been heavily reduced, mine used to be 20-40 coin and now it comes down to below 10 sometimes while current supply is still around 150m

For better inflation control.  It will help to keep people from dumping on exchanges.

[dkbit98]

<A PROOF OF STAKE>

#The proof of stake was created as an alternative to the proof of work (PoW), to tackle inherent issues in the latter. When a transaction is initiated, the transaction data is fitted into a block with a maximum capacity of 1 megabyte, and then duplicated across multiple computers or nodes on the network. The nodes are the administrative body of the blockchain and verify the legitimacy of the transactions in each block. To carry out the verification step, the nodes or miners would need to solve a computational puzzle, known as the proof of work problem. The first miner to decrypt each block transaction problem gets rewarded with coin. Once a block of transactions has been verified, it is added to the blockchain, a public transparent ledger.

#The proof of stake (PoS) seeks to address this issue by attributing mining power to the proportion of coins held by a miner. This way, instead of utilizing energy to answer PoW puzzles, a PoS miner is limited to mining a percentage of transactions that is reflective of his or her ownership stake. For instance, a miner who owns 3% of the Bitcoin available can theoretically mine only 3% of the blocks.

#Bitcoin uses a PoW system and as such is susceptible to a potential Tragedy of Commons. The tragedy of Commons refers to a future point in time when there will be fewer bitcoin miners available due to little to no block reward from mining. The only fees that will be earned will come from transaction fees which will also diminish over time as users opt to pay lower fees for their transactions. With fewer miners than required mining for coins, the network becomes more vulnerable to a 51% attack. A 51% attack is when a miner or mining pool controls 51% of the computati onal power of the network and creates fraudulent blocks of transactions for himself, while invalidating the transactions of others in the network.

#In addition to Bitcoin, Litecoin (LTC) also uses the PoW method. Nxt (NXT) is an example of a cryptocoin that uses the PoS method. Some coins like Peercoin (PPC) use a mixed system where both methods are incorporated. As of May 2017, Ethereum (ETH) is in the process of completely switching from a PoW to a PoS system.

Very good review of Proof of Stake.
Did you wrote this yourself ?

Proof of Stake is also not perfect...
but for Zencoin I think it PoS is better atm