Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
It will allow users to pool together, with leased balances to a pool, for Proof of Stake and Proof of Persistance. This will power together to earn PoS and PoP rewards.
So your HEAT amount is still in your control, since it will just be leased to the pool, to combine power for the network.
Multiplier was ~1.45x.
Hey Thanks for answering this.
I actually didn't know this was a thing.
What are the pros and cons of doing this. Can all investors input their HEAT into it?
Would losing some of your heat be an outcome though?
Pros would be that it will do the Proof of Stake for you, you don't need to run a machine all the time to do staking, and likewise PoP. The more users that input HEAT to it, the more blocks it will generate, and the more rewards there will be. It would not be good if every person put HEAT towards it, since then the network is less decentralized.
The only Con I can think of is that for however long your 'lease time' is, you won't have access to your HEAT. It has not been released yet, but I'm assuming the lease times will be variable, so you can choose how long you want to dedicate your HEAT towards the pool.
You don't lose any HEAT, you would lease your HEAT to the pool, so you are still the owner, it just temporary allows the pool to have the balance.