question about proof of stake (poS)

[bitmoon]

hi all

is Proof of stake a form of earning interest money?  is it like having saving account and get interest?

i read about POS, and how it uses your percentage holdings of mined coins, to mine the POS block with no need of hardware to mine (does pos block payout coins or nothing?).

all in all, its like earning coins based on amount of coins you have in wallet, sounds like earning interest to me.


thank you

[PhoneBloks]

Check my post in PHS (Philosopherstone) thread ...

https://bitcointalk.org/index.php?topic=292720.msg5329647#msg5329647


I think it will answer your questions

[2Kool4Skewl]

All PoS currencies except NXT earn interest that is inflationary.  NXT's PoS rewards you with the transaction fees from the block.  NXT is the only non-inflationary PoS currency.

[bitmoon]

thanks for reply