I have some questions about PoS... I've read about it and understand the general concept, but I think an example with real numbers would very useful.
So can someone describe what will happen for someone holding 100000 ECCoin? If I have 100k today, will it start paying PoS interest in 42 days or is it from the time PoW ends? Is there a minimum amount required?
Thanks!
Also wondering the same thing.
No minimum required. 25% is the annual rate, so 100K you hold 42 days, will generate approximately
100000 * 0.25 * 42 / 365 = 2876 ECCs.
And then you hold 102876 ECCs, hold another 42 days will generated you
102876 * 0.25 * 42 / 365 = 2959 ECCs, and so on and so forth.