I'll have to look into deCred... haven't heard of that. I'm currently mining dash/burst and ether. I have some quantity of ether I'm holding also to see what happens when proof of stake comes.
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I'll have to look into deCred... haven't heard of that. I'm currently mining dash/burst and ether. I have some quantity of ether I'm holding also to see what happens when proof of stake comes.
deCRED is a rebuild of Bitcoin --- like a 2.0 ... they pretty much saw what the issues are and fixed them from the ground up. It's not too popular because they are more of a culture of getting work done rather than hype. Rather than just a POW (proof of work) based block-chain, they are a Hybrid POW / POS (proof of stake), or as they like to refer to it as (proof of sacrifice). Unlike other POS coins, decred requires you to be an active participant in the network in order to gain POS commissions. The requirement is to vote, our last vote was to start work on (lightning network) which will be out in a few months and if we are lucky, it will probably be the first. (I don't know of any other coins that have lightning right now) ... transactions are already fast due to seg-wit... see so there is less friction in the community because stakeholder have a say (like shareholders in a company) ... so yea (undervalued)
Youtube Channel: https://www.youtube.com/channel/UCJ2bYDaPYHpSmJPh_M5dNSg/feed
I'm going to definitely do some research on that. Is it available on bittrex? Also, are you are saying it is currently mineable being that you have to be part of the network, if so what algorithm?
Yes, available on bittrex... and you can Pow mine and/or POS mine
What is the difference between POW or POS mining?
-POW is Proof of work (computer mining) -- actual resources like computing power and energy itself is used.
-POS is Proof of Stake (aka Proof of sacrifice) ... All this is is ownership of the coin. Some coins like dash and PIVX will use proof of stake to create super nodes which are paid interest (leaving your node open and participating in the network). With deCRED, you have to participate... you use your coins to buy tickets (to vote)... those tickets get locked up until they randomly called by the network (can take 1 to 6 months)... once they are called, it votes and your coins are unlocked with some interest (extra coin).