Post
Topic
Board Announcements (Altcoins)
Re: [ANNOUNCE] paccoin a new SHA256D coin is being introduced
by
Rocky23
on 08/01/2018, 05:20:53 UTC


Using POS/Minting to get more PacCoins:

PacCoin has the “normal” Proof of Work (PoW) blocks of 500 coins but PacCoin also has the capability to generate new coins using what’s called Proof of Stake (PoS). Many crypto-enthusiasts don’t know what this is and how it works, so we’ll try to explain in simple terms.

Proof of stake’s real purpose was meant to secure the network. PoS is a system that rewards the coin holders for helping to secure the network. PacCoin does this by minting PoS blocks. PoS blocks are very similar to PoW blocks. The big advantage to PoS blocks is that there are no ASIC miners needed to earn them! Just secure the network and this makes a 51% attack almost impossible to achieve. You would need to have a huge amount of PacCoins at 51% as well as 51% of the hashpower to invalidate both the PoS and PoW blocks making a 51% attack VERY expensive!

Now, how do we suggest you get more PacCoins? Easy! All users with a wallet running with coins older that 30 days are able to generate new blocks. The network will generate a new block using some coins of your wallet. After the confirmations, you get your coins back plus a reward for having your coins locked to generate a new block!

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My PacCoin Address
AwnKsbyAnemNGhC6w5MEsHZdidk7iQrNtn

My BTC Address
1PWA4h9B378MX3Y3cBrkRmkL9sSedBBKYB

My Dogecoin Address
DJZmQcuPMbQuhan4ayUEdeKDnYY9FXavaJ

 Wink Wink