We believe this to be false, we have never spoken with coinbase.




We may need to release a document about how staking works, we just assumed most people were familiar with it.

Proof-of-Stake is a consensus mechanism that secures the Qtum network. This was launched in 2012 by Peercoin, adopted by Novacoin, and improved by Blackcoin. There are countless other projects that have adopted a version similar to PPC's proof-of-stake.

For a detailed breakdown on the PoS 3.0 code that we are based on, please see: http://earlz.net/view/2017/07/27/1904/the-missing-explanation-of-proof-of-stake-version

We highly recommend reading this article.


Here is the breakdown of Qtum's stake agenda:

Block Target: 2 minutes (This means there should be a new block generated every 2 minutes)
Block Reward: 4 Qtum (This will be reduced each year, until the reward is 1 Qtum)
Min Age: 8 Hours (This means you must leave your tokens in your wallet for 8 hours before you can participate in staking)
Max Age: NA

This should effectively peg inflation at 1% during the first year, and then it will be lowered. We figure with the amount of tokens lost or destroyed each year, Qtum may in fact become a deflationary platform.





 

There have announced they will build on the Qtum platform:

Energo
Inkchain
Vevue
Bodhi

Some of them have even done a crowdsale. There are about 10 projects in total that we are aware of, most of them originating in China.