Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
If you take into account the last line in that snippet it says, basically, the percentage of interest will still apply but updates will not be as frequent. At least that's how I read it...