Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★
by
Ivan195
on 31/03/2014, 12:50:18 UTC
Please make your final votes on the algorithm changes.

The options have been narrowed down based on the previous votes. Because of points brought up by atheistftwins, we feel it is not productive to try to implement a hybrid model. Therefore, the choices will be split between X11 and pure POS. Additionally, the the community should vote on whether to decrease supply of the coin going forward, thus making the current amount of NYAN the bulk of the expected coins. If this is done, then only POS is feasible as POW would not be able to sustain a high enough hash rate.

Poll will close in 48 hours and then implementation will begin.

Can we go from POW to POS?

Yeah, it would require a hard fork and significant changes to the coin's code, but it is possible.
Can I hear your concept implementation of POS? Because NXT is 100% premine coin.