Dec 31, 2017 04:06 AM (This post was last modified: Jul 19, 2018 01:07 AM by Cosa_Nostra.)
And I know one more important question that might cross your mind would be: Why proof of stake cryptocurrencies? Why should i invest in them? What’s so special about them?
First of all, let’s start with basic definitions.
Proof of stake (aka POS) cryptos has many technical benefits but apart from that some proof of stake cryptos also give different economic benefits/dividends to its HODLers by giving them the option of running a masternode or staking their coins in a stake-able wallet.
To simply put into perspective,you can earn by just holding many POS cryptocurrencies.
This provides dual benefits of securing the blockchain network as well as creating an opportunity for users to get incentives or dividends on their holdings.
Proof of stake is a different way to validate transactions based and achieve the distributed consensus.
It is still an algorithm, and the purpose is the same of the proof of work, but the process to reach the goal is quite different.
Unlike the proof-of-Work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake.
There is No block reward. Also,all the digital currencies are previously created in the beginning, and their number never changes.
This means that in the PoS system there is no block reward, so, the miners take the transaction fees.
This is why, in fact, in this PoS system miners are called forgers, instead.
I personally searched a lot for stable coins that gave me a fair percentage on the maturity age of the coin. And the most important part of a PoS coin is the community. Without a steady community and Holders the coin will go bankrupt within no time, and you will be hitted with losses. And that is what we are trying to avoid.
For example you have chosen BUZZCOIN (Windows 10 )
Download the wallet here : Wallet
Then download the bootstrap here : Bootstrap
Then follow these instructions :
Almost every wallet is an QT version so most of the wallets are the same and easy to set-up.
And almost every coin has his own discord for guidance/support.
A lot of people are interested in generating passive income. Staking your Coins is one way to do so, and at this moment there is no cheaper alternative than the Raspberry Pi. We calculated the total annual electricity costs of running a Wispr node on an average PC, laptop and Raspberry Pi. And we came to the conclusion that running a Wispr node on a Raspberry Pi is 114 times cheaper than on an average PC and 27 times cheaper than on a laptop.
Tips & Tricks :
Good to hear that you are interested in Proof of stake. If you want to start Staking on a RSBPI , you need to find a coin that supports Linux. If you are new to Linux & Raspberry pi i will give some links down below. Before you are investing in a coin. Make sure the coin has a good Dev/Marketing/Support team , A good starting cap , purpose/goal and multiple trading platforms.Discord is also a very important thing because you can have instant support and contact with the Dev/support team. And you got to watch out which coin is also open with a DOGE Market. Then you should always convert your BTC to DOGE first. And then buy the coin with DOGE. Otherwise you are wasting your BTC.
I hope you found this usefull!
Thanks for reading my thread!
I hope you make bank!
Kind regards,
WARNING: Crypto-trading involves high risks. I am in no way responsible for anything you do. Trade at own risk.
Dec 31, 2017 05:45 AM (This post was last modified: Dec 31, 2017 05:46 AM by Cosa_Nostra.)
(Dec 31, 2017 04:50 AM)normalguy Wrote: Waiting for other people to comment on this, someone got any critics? :)
No Problem :) , thanks for reading i hope you find this informative. I think proof of is stake is going to take a big part of the future of cryptocurrency's.
You don't need any 3000$+ rig to mine.. no huge electric bill , nice ROI most coins have an avarage of 1-3% Daily rewards.
Apr 29, 2018 08:44 AM (This post was last modified: May 6, 2018 03:44 AM by Cosa_Nostra.)
(Apr 28, 2018 11:22 AM)PoLoW Wrote: I always wanted to get some money in PoS coins but i could't understand how it's working.
So Ethereum can be earned with PoS now?
May 1, 2018 12:23 AM (This post was last modified: May 1, 2018 12:29 AM by Cosa_Nostra.)
(Apr 30, 2018 07:43 AM)Chaval Wrote: What's your opinion on B3 (kB3)?
KB3 A new team was established from the community in mid Jan. There are currently ~45 people working on B3 in varying capacities with new leadership. These roles include business development, social media, web content, exchanges, special projects, moderators, community relations, developers, security, technical support.
Over the last few months this new team has been focused on establishing the basics, and understanding and promoting the technical innovations. We are the first to innovate, develop and implement Proof of Disintegration (PoD) successfully into a blockchain, giving birth to the world’s first Fundamental Nodes (FNs).
PoD completely destroys coins from the blockchain when a user sends enough coins to create a FN. Reducing circulating/total supply, PoD eliminates the risk of coins re-entering the supply, a significant attribute/innovation over Proof of Burn (PoB) which traditionally accumulates coins in an external wallet, hiding coins from the supply, with the possibility of re-entering at a later date.
While PoD only currently works in the creation of FNs, B3 Coin plans to implement more supply reducing features using PoD, such as micro-disintegrations on transactions.
NEW TECHNOLOGY :
Fundamental Node (FN)
The Fundamental Node (FN) is B3's masternode that leverages a unique technology to the blockchain network: Proof of Disintegration (PoD). Fundamental Nodes serve as a long-term passive income asset for investors and provide the foundational fabric upon which the chain is secured, maintained, and stabilized, similar to traditional masternodes.
Proof of Disintegration (PoD)
Unlike standard masternodes that either lock its purchasing coins in the wallet as collateral or use Proof of Burn technology, the B3 Fundamental Node destroys its purchasing coins from the blockchain through Proof of Disintegration, rendering them unrecoverable while driving down circulating supply. Proof of Disintegration establishes innovative economic security within B3's Fundamental Node purchases and serves as a mechanism to decrease circulating supply.
With the release of a Decentralized Exchange (DEX) on the horizon, B3 Coin is positioned to be a unique “supply-disintegration machine”. Reducing supply, rewarding FN operators and with a 30,000+ supportive community, our DEX will stand alone with a promising future in the cryptosphere.
B3 Coin combines the growing support of its community, with the success of integrating PoD, and our unique “supply-disintegration machine” of a DEX to be released in the future, B3 Coin will take the lead in anti-inflationary coins.
If you would like to stay on the pulse of the team’s activity, please join discord and come to the community meetings which happen every other week on Wednesday at 9pm GMT.
They are in the process of establishing an updated, accurate roadmap to B3 development, and this roadmap will be released at the end of this month. Whitepaper in May.
(Dec 31, 2017 04:06 AM)Cosa_Nostra Wrote: [b]FIRST OF ALL THIS IS MY PERSONAL OPINION AND I AM NO WAY RESPONSIBLE FOR YOUR ACTIONS, CYRPTO TRADING INVOLVES HIGH RISK! TRADE AT YOUR OWN
hei thank you for your post. i bookmarked it when u release and i had now time to check it and study it.
i have a question. you say that your main investements are buzz, eth, neo etc... but i can't find those coins in https://www.poslist.org/ (the link you provided for Pos)
neither in the masternode's website (https://masternodes.pro/)
why? i have some money to invest and want to try PoS ( already have something in crypto )
thank you for your time 🤝
(May 14, 2018 02:59 AM)yoghiHD Wrote: hei thank you for your post. i bookmarked it when u release and i had now time to check it and study it.
i have a question. you say that your main investements are buzz, eth, neo etc... but i can't find those coins in https://www.poslist.org/ (the link you provided for Pos)
neither in the masternode's website (https://masternodes.pro/)
why? i have some money to invest and want to try PoS ( alreadhave something in crypto )
thank you for your time 🤝
'Thank you for your reply.
This is my own strategy, This poslist and masternode list is purely to help you find the coin you desire. The POS coins i stake is working good for me actually.
I am very happy with the coins i recieve some on daily basis like buzz. Don't think this is a "get rich fast scheme ", This is crypto and it always comes with risks. So do some research about the coin you think that will do good.
I'm not endorsing to buy a precise coin , but just give you general info about the positive side of staking and that if you find the right coin the earnings could be great! But i love the idea of POS , its so much better in general, i love the way its low budget. And you can start with a small budget and save like old times. Banks have a low interest rate average about 0.02% in the country i live. So i find this a fine way to earn stake and relax.
i highly recommend you to read this to catch the basics. How to master Proof Of Stake ->click me <-
I hope this helps you out, And wish you the best of luck in the world of PoS.
(May 1, 2018 12:23 AM)Cosa_Nostra Wrote: KB3 A new team was established from the community in mid Jan. There are currently ~45 people working on B3 in varying capacities with new leadership. These roles include business development, social media, web content, exchanges, special projects, moderators, community relations, developers, security, technical support.
Over the last few months this new team has been focused on establishing the basics, and understanding and promoting the technical innovations. We are the first to innovate, develop and implement Proof of Disintegration (PoD) successfully into a blockchain, giving birth to the world’s first Fundamental Nodes (FNs).
PoD completely destroys coins from the blockchain when a user sends enough coins to create a FN. Reducing circulating/total supply, PoD eliminates the risk of coins re-entering the supply, a significant attribute/innovation over Proof of Burn (PoB) which traditionally accumulates coins in an external wallet, hiding coins from the supply, with the possibility of re-entering at a later date.
While PoD only currently works in the creation of FNs, B3 Coin plans to implement more supply reducing features using PoD, such as micro-disintegrations on transactions.
NEW TECHNOLOGY :
Fundamental Node (FN)
The Fundamental Node (FN) is B3's masternode that leverages a unique technology to the blockchain network: Proof of Disintegration (PoD). Fundamental Nodes serve as a long-term passive income asset for investors and provide the foundational fabric upon which the chain is secured, maintained, and stabilized, similar to traditional masternodes.
Proof of Disintegration (PoD)
Unlike standard masternodes that either lock its purchasing coins in the wallet as collateral or use Proof of Burn technology, the B3 Fundamental Node destroys its purchasing coins from the blockchain through Proof of Disintegration, rendering them unrecoverable while driving down circulating supply. Proof of Disintegration establishes innovative economic security within B3's Fundamental Node purchases and serves as a mechanism to decrease circulating supply.
With the release of a Decentralized Exchange (DEX) on the horizon, B3 Coin is positioned to be a unique “supply-disintegration machine”. Reducing supply, rewarding FN operators and with a 30,000+ supportive community, our DEX will stand alone with a promising future in the cryptosphere.
B3 Coin combines the growing support of its community, with the success of integrating PoD, and our unique “supply-disintegration machine” of a DEX to be released in the future, B3 Coin will take the lead in anti-inflationary coins.
If you would like to stay on the pulse of the team’s activity, please join discord and come to the community meetings which happen every other week on Wednesday at 9pm GMT.
They are in the process of establishing an updated, accurate roadmap to B3 development, and this roadmap will be released at the end of this month. Whitepaper in May.
May 15, 2018 03:00 AM (This post was last modified: May 15, 2018 03:07 AM by Cosa_Nostra.)
(May 14, 2018 02:54 PM)Chaval Wrote: What's your actual thoughts on this coin though? Do you think it will be successful and reach highs?
I personally think that it's a pretty stable coin, and a good time to buy long-term. I think this is coin where you can gain profits along the way and it's a pretty nice time to buy. But it's Crypto so there is always an risk involved. So what i personally do is wait until the coin drops a few percent and then buy the coin so you have a low price buy in.Because you are staking you want a coin for the lowest price as possible. Because when you stake there is maturity required before you receive coins and that varies on the coin you have. The staking percentage of B3 is 20% Annually because it reached block 116961. And this resumes all the way until it reaches block 1 million.
I'm no guru, so i can't predict the highs of the coin. But i think there is a great potention in this coin with a 5 M $ market cap. Strong development team, and a community of 28k+members. So all around i think it's a good investment long term. I would highly recommend you to join the discord, so you can have personal contact with investors and talk to them about their experiences with their investments. Before you invest your own $. https://discordapp.com/invite/ARpuv79
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