Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine
by
Ginzink
on 28/09/2017, 09:23:25 UTC
Why pointless? Doesn't staking work only with opened wallet?
You mint a PoS block only if wallet is opened. But the reward of that block depends on coins age and their amount, that's all!
Send coins to your wallet, open it 1 day after and you'll get +0.0137%.
Open 2 days after instead and you will get 0.0274%.
Everything is in the source:
https://github.com/signatumd/source/blob/master/src/main.cpp#L1022
https://github.com/signatumd/source/blob/master/src/main.cpp#L1920

Wont the tx time be awfull if everyone just opens wallet every now and then? I guess that is where masternodes come in?