Once they reach the total supply they will completely switch to PoS, right? If yes then any idea how much longer the PoW will be active for?
Thanks.
No emission for staking and mining after years 19 and that means if the hardcap will have achieved by veil in the next 19 years from now. Remember after the hardcap has already achieved and no more emission will be produced and staking and mining will not get any reward from the block. I just got that from the veil.
I think this is the plan right now but it can change. In 19 years veil can something that valuable miners can be more than happy just with the fees on the chain. But 19 years is not a law. If things mature enough in 10 years they can change that too. Or in the opposite, if things won't be enough 19 years later, they can add some more years, readjust block rewards and etc.
Their plan is something but we don't know that plan will be real or not.