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Announcements (Altcoins)
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
by
Toxamax
on
23/11/2014, 17:54:59 UTC
Quote from: thcmakaveli on November 23, 2014, 05:12:16 PM
Quote from: LovSan on November 23, 2014, 04:35:19 PM
Quote from: BitBay Team on November 23, 2014, 04:07:21 PM
*** 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Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
http://i.imgur.com/CUtd7NS.jpg
Simple yet effective solution to the 51% issue. Nice to see progress so often!
Yes, it also invalidates the 'nothing at stake' criticism on PoS. Blackcoin already has this for a while now.
