Just a quick question, how would anybody mine the coin? Just wondering...
HEAT is not a proof-of-work coin, like bitcoin mining, it uses a dual system of PoS (like forging or staking), and PoP when that is ready, here is some information about the block rewards from the original post below for you:
HYBRID BLOCK REWARDS
For its block rewards granted every 25 secs in average, HEAT uses twin system: half of the block reward comes from traditional PoS (Proof-of-Stake) algorithm, while the other half is granted on PoP (Proof-of-Presence) basis for nodes that host the block files online. The HEAT algorithm monitors the presence of block slice files, and assigns higher probability for slices that have a smaller number of copies online. That way any discrepancy arising in the relative number of different block files is attenuated.
Yeah great are there any details on how this works, because based on that I have no clue how it works. Also will there be a client one can use to mine?And if this algo that has never been used before is not even open source, none of the bigger exchanges will ever offer the coin as it is a security risk to run the client on their servers and nothing is verifyable, not even if the sending and receiving coins works correctly! Will the source code be open source at launch?