centizen
Joined 13 years ago
Joined 13 years ago
But even then, there wasn't enough buy in from the company at large with the device, and it was certainly rushed, I think almost intentionally to try to prove the point of how "bad" touch only phones were going to be.
Proof of Stake starts out with a large amount of coins being generated out of thin air. These are then distributed, and owners add nodes to the network by locking in a portion of their coins as their "stake".
The nodes perform transaction verification, and over time a reward block is built out of the transaction fees involved. This is awarded to a psuedorandomly selected node weighted by stake.
I'm not so convinced, especially when Seth has been a major proponent of digital currencies and economies for decades now.