Re: [ANN] Sterlingcoin - Current Version 1.4 | Online Wallets | Merchants | Services
I am still trying to wrap my head around POS. So the most we can earn is 5.5% on our holdings? No matter how often the wallet is open and staking?
Yes, 1% Minimum and a 5.5% Maximum.
static const int64_t COIN_YEAR_REWARD = 1 * CENT; // 1% per year
static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.055 * COIN; // 5.5% annual interest
Here are some explanations of PoS, for you to further get your head around
http://www.reddit.com/r/peercoin/comments/1twavl/proof_of_stake_explained_sort_of/
https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/
http://bitcoinmagazine.com/6528/what-proof-of-stake-is-and-why-it-matters/