Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] Cinni :: 100% PoS :: Fair distribution
by
DontPanic_42
on 16/04/2014, 21:55:49 UTC

Okay, thanks Smiley
But what advantage have the hashes for the distribution?

I presume its like this.
You have posted your second hash. Its like a public key.
You will keep the secret phrase your secret the hole process. Thats your private key.
Later, when the dev plans to distributes the coins,  he asks you to send him your first hash.
With that he can generate your second hash and confirm you are the owner of the hash you postet before.
So nobody else can claim your coins.

Please correct me if I am completly wrong    

And please excuse my probably bad english   Grin