What is this project about?
Proof of stake:
The leading cryptocurrency Bitcoin uses a Proof of Work algorithm to determine who gets to mine the next block and get a reward. Who puts in the highest amount of computational power has the highest chance to reap a reward.
Several other currencies use the so called Proof of Stake algorithm to determine this. Basicly who has the highest amount of coins in a live wallet at the moment has the highest chance.
Imagine a Bank that issues a lottery. Each 1000$ worth of investment has the chance to gain 50$ each 10 minutes, but only if you yourself are physically present in the bank-building.
What do we aim for?
People lend us their coins and we pool them to achieve higher probability of reaping the reward. We ensure that our wallet is always online. The gains are then distributed amongst all customers according to their percentage in shares. For a fee of course.
Of course this means that we always have to know who has lent us how much and their percentage in total shares.
55 freelanceri licitează în medie 675€ pentru acest proiect
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