Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ECC
by
R-J-F
on 29/01/2018, 15:03:00 UTC


  hi ratflat & welcome; PoS was turned off with the last release

If there's no POW nore POS what keeps the network secure? What is the incentive to keep a node running Huh

I believe that staking is still providing a reward, only to the extent that transfers provide fees (which are burnt). Maybe there is no need for greater incentives anymore, whilst growth and development are ongoing.

The movement of speculative money may ensure that the network remains active enough.

This is one of the only POS coins to have reached its max-coins limit. Open wallets keep the network running .

Nobody knows what will happen, could still fail, but an interesting experiment.

NXT & ARDOR also reached max-coins (instantly on launch), that network uses forging of fees to generate blocks which keep the network secure.
If nobody in the ECC network is staking who's the generator of the next block?


Basically the same for ECC. "Staking" is now providing small rewards while it keeps the network healthy. Users should leave "staking" turned on in their wallets to keep the net secure and verify blocks. This will provide a small amount of ECC to the user as a reward. Not much now since this depends on the activity level of the network but, will grow as activity ramps up. So keep your wallets "staking"