To clarify the MN approach:
- MN will still need Bis collateral and rewards will be paid in BIS
- A technical paper with strategy and details will come later, it's too soon right now
- A PoS chain, as a second level, will allow MN to reach consensus independently from the Bis PoW chain.
- Nothing will change for Bis, Users or miners. Bis and balances will stay on PoW chain.
- The two levels operating on two different strategies allow to highly strengthen and secure the network, since an attack would have to forge 2 chains with very different triggers.
So the MN implementation will not just be a "ping" test like on some coins, but would embed, from the start, innovative and secure algorithms.
All this is being evaluated, coded, documented, tested by the team.
More than excited!
I am waiting for your paper documents about Bismuth masternodes set up procedure.
Will we have hybrid network, which run simultaneously PoW and PoS, or only PoS after MN activated in the Bismuth network?
And testing procedure should be implemented as careful as possible to find out as many bugs as possible and fix them completely in order to make sure that Bismuth network will be healthy after upgraded.
Thanks for all your information in the future.
Hybrid is not a precise term, there would be two chains, running independently - one with metrics (PoS) and one with BIS (PoW)