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RE: Koinos x Hive

in Koinos2 years ago

Mana isn't a token but rather a property of Koin. It recharges automatically like a battery. That means you can do as many transactions as you want for free and then just need to wait for it to recharge. The fee is essentially time. It's similar in a lot of ways to the RC that you used based on your powered up Hive to post your comment for free. The biggest difference is probably that you don't need to stake or "power up" Koin ahead of time in order to use Mana, but there are other differences as well.

On the claiming site the Koinos group is paying for the Mana for all claims. After you claim Koin you'll have your own Mana to use.

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so everyone has the same amount of mana. great idea and really bad idea depending on what will the chain be used :)

Thanks

Everyone does not have the same mana. 1 KOIN has 1 Mana. So if you have 100 KOIN, you have 100 Mana.

so it is kinda like HP but you don't have to stake. Thanks

Yup. Mana is an evolution of the RC system that underpins Hive which was written by Michael (one of the architects of Koinos). The main difference is that you don't have to stake in order to use the blockchain and Koinos is a general purpose blockchain.