Hello all,

I'm thinking of creating a hybrid proof method and would like comments.

I call it Proof of Staked Coins and Hash, POSCH.

What this entails is that Rewards allocated for POS would be split into 2.

So it would be 40% to POS and 60% to POW.

Rewards would be equally distributed among all POS holders.
POW rewards distributed depending on hash rate contribution.

However to be eligible for POW the first prerequisite is to be a Staker.
Being a Staker makes you eligible to do POW for 3 months. So starting from the month your stake is locked and 1 month after.
Since staked amounts are locked and are not usable for the next round due to the overlap, an extra month of eligibility for POW is provided to cover the overlapping month.

However, the hash for POW is also staked. When the average hash rate for the last 120 hours (5 days) is below 50% the original staked hash rate, the POW eligibility is revoked. This is to discourage jumpers and reward stakers.
The staked hash will be calculated as the average hashrate from the first 24 hours when POS and POW are running simultaneously.

I think that by implementing a POW system like Ravencoin or Pigeoncoin would increase its resistance to ASIC.

The aim of having a hybrid system is to reduce possible attacks and to create a more fair distribution of coins.
And by linking POW rewards to a staked hashrate it would mean active participation for miners in the POS system.

The verification functions to be performed by the POS and POW systems is yet to be determined, but I would imagine the POS system would be in charge of the Ledger and the POW system would monitor the reward distribution.

But I'm open to suggestions.