Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.

Hey guys, will miners be able to mine this coin soon?

Hi. No. LPos only. More details will be available soon in the tech paper

Thanks. Sorry for noob question but what is LPos? If I cant mine this coin, then I'll make sure to buy some more!

To put it simply, Miners receive the reward for the fact that they are use their waves, also this is supporting network and provide security.

Quote

We have chosen the Proof-of-Stake protocol as a consensus algorithm for WAVES. This choice is based on its successful use in NXT, as well as on certain theoretical considerations. At the same time we propose an enhancement to the PoS protocol, which should provide for reduced transaction times and increased transaction throughput Leased PoS (LPoS).

See more in the Whitepaper - https://wavesplatform.com/whitepaper_v0.pdf