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Proof-of-stake is a method of securing a blockchain network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions
Staking is the process of proving ownership of your coins, and gaining interest on your wallet balance. Staking is very straightforward and can be done by anyone with a wallet.
Staking in a proof of stake (vericoin) coin is equivalent to the mining in proof of work coins (bitcoin)
what you do is trying to generate the next new block of the blockchain. If you succeed in doing so you will be rewarded with stake interest, which will be generated along with the new block – its pretty much like bitcoin mining.
Proof of Stake Time is the first non-linear Proof-of-Stake system and improves upon several aspects at once. In addition to a novel new interest mechanism, how actively you stake your coins is now factored into your probability to complete a block.
Welcome to PoST : https://www.vericoinforums.com/threads/vericoin-1-6-1-welcome-to-post.1009/
PoST White Paper: http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
PoST:
Increased Incentive: Long term investors who actively stake their coin will be rewarded with a larger fraction of all possible interest, than those who do not.
Less Biased: Earning interest is no longer dependent solely on the amount of coin and time held, but also how actively you stake your coins.
Increased Security: Actively staking your coin increases the probability to sign a block – securing the BlockChain more directly from any potential “attacks”.
The new “Stake-Time Window” mechanism progressively rewards more consecutive staking and decreases maximum matured interest of the less active nodes. Additionally, the previous Network Stake Dependent Interest, or (NSDI), now is a variable inflation rate that the new interest rate targets for. A combination of these two factors results in a significantly greater individual interest rate for those who actively stake. The end result is a more active, secure network, that has proven to be virtually impervious to weighted 51% attacks on internal tests.
Vericoin inflation: https://www.vericoinforums.com/threads/vericoin-inflation.1025/#post-13852
VRC network stake metrics: http://vrcstake.ticonerd.com/
VeriCoin Website: http://VeriCoin.info
VeriCoin Forums: https://VeriCoinForums.com
VeriCoin Twitter: https://twitter.com/vericoin
Community Faucet Tutorial: http://vericoin-cryptocurrency.blogspot.com/
VeriCoin YouTube: https://www.youtube.com/user/vericoinchannel
VeriCoin Channel – Dailymotion:
http://www.dailymotion.com/vericoin
Visit our Bitcointalk threads:
VeriCoin: https://bitcointalk.org/index.php?topic=602041.0
Verium: https://bitcointalk.org/index.php?topic=1540023.0
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