Quote from: cryptodance on February 25, 2016, 01:31:06 AM

Quote from: JJ12880 on February 25, 2016, 12:29:03 AM

Quote from: CrowdWhale on February 24, 2016, 10:49:25 PM

What's the point of turning Radium into Radon instead of just using Radium to pay for blockchain services? I'm sure there is one, just curious about what's going on there.

When you turn Radium into Radon, you are pre-paying a fee (via a high fee transaction ) to those supporting the blockchain by staking. The Radium received acts as a pre-paid token the owner can then spend to pay for blockchain based services. Using this method, the fee handling is 100% decentralized, and is randomly distributed among the stakes. There is no need for specialized masternodes to handle fee distribution, as it is all handled directly in the chain. As the use of the SmartChain increases, and more people are turning Radium into Radon, the stakers will earn more rewards, as the blocks will include not only the staking reward, but also the Radium generation fees.

Please let me know if that needs more clarification. To the best of my knowledge, Radium SmartChain is the only project to use such a system, so there is not much to draw a comparison to.

Peace!

JJ

Did you mean to say "The Radium received acts as a pre-paid token ..." or "The Radon received acts as a pre-paid token ..."?

Ooops good catch. I was typing too fast. Post edited. Thanks!