Quote from: pokeytex on May 20, 2016, 08:49:38 PM

Quote from: vegasguy on May 20, 2016, 08:41:08 PM

Thank you Groggin for a great suggestion!!! I have suggested POSP to Griffith, and he glanced it over and said it wouldnt be too difficult to do. So , I certainly like your idea, and I want to move us in that direction. Thank you Groggin, you have always been with me in the good times and the bad.

Vegas

What is POSP? I have never heard this term before?

PoSP gives an advantage to someone who supports the network by staking. if say the target annual inflation is 5%, but there are only a few ppl staling, then they will earn rewards equal to the currency's overall rate divided by the number of ppl staking. for example the CBX annual rate is 2%, but active stakers are currently getting 6-8% returns. On the down side, to be competitive, you may need to be online more often

Quote

I want to find technology that has been proven and implement it into the fly wallet

   Vcash and Decred. both have amazing dev teams working towards autonomous decentralized self-governance. both are PoW/PoS, very experimental, leaders of the pack, imho

   vcash fundamental firsts: zerotime = instant tx respndable within one second
   chainblender - anon txes, fungable currency
   zeroledger = pruneable blockchain, scalable to millions of users
   staking with almost no battery drain on android/ios devices
   multi tier network with incentivized nodes
very lightweight easy to use wallet, small blockchain size