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You earn the coin continuously for proving that you still have the disk full of random data. It isn't a once-off thing.
by snovv_crash 6y ago
You earn the coin continuously for proving that you still have the disk full of random data. It isn't a once-off thing.
- Talinx 6y agoWhy doesn't that mean that coins can only be transferred through the sneakernet? If you get coins from someone else do you have to trust them to have the plot still around?
- Glench 6y agoThat wouldn't make for a very useful global ledger :) Once a farmer wins a block it's theirs, the same way it works with bitcoin. The reward is tied to a public key, not the original storage. Just like in bitcoin once a miner wins a block they don't need to continuously prove that they have x amount of hashing power in the future. You can learn more about the details of the blockchain and algorithm here: https://www.chia.net/greenpaper/ https://www.chia.net/greenpaper/