Quote from: digaran on November 11, 2016, 02:37:33 PM

Quote from: vlom on November 07, 2016, 05:28:47 PM

I hope that this will work. And now it is time to chose the right delegates. I still only know one delegate i will vote for.

What is the forging do? and how can it have any impact on the price of LSK which honestly is kind of a disappointment it used to be much higher than this, I don't know if Iconomi and other ETH contracts made it useless or what.

If Lisk's like NXT then forging is like mining, but the forger only gets any transaction fees in a block. No new coins ever get generated, all the coins that will ever exist are made in the genesis block. However, NXT doesn't have delegates, that idea came from BitShares. With delegates a small number of addresses take it in turns to mine each block, and whales get to vote on who is a delegate, with each of their coins counting as a vote.

I doubt forging will affect the price of Lisk, it offers nothing new that hasn't already been done.