roboticmind

9 ms·

61.
by roboticmind 6y ago
I know that many (including one of the core developers) have tried to correct various things on that Wikipedia page, but my understanding is that there's an admin that keeps reverting most changes > I don’t see this implementation a
62.
by roboticmind 6y ago
I'll admit it's not great right now, but I don't know if I understand what you view as a use case? If using it to get things of value with it is not a use case, then what coin or currency has any use case? Everything is a tra
63.
by roboticmind 6y ago
As one of the commenters mention, it's an issue with all cryptocurrencies. Right now one of the reason people want to get Gridcoin is to get enough to stake regularly to earn their rewards or because they believe in the coin. In the fu
64.
by roboticmind 6y ago
The oracles don't have the power to completely run everything. With the current split for rewards, 25% of new coins is from just staking. As well, because new blocks are made only proof of stake, a 51% type attack would be also be much
65.
by roboticmind 6y ago
For those that are wondering how this works, Gridcoin uses PoS - not PoW - and then rewards for research on top of it. It is not locked into any algorithm because it's not PoW. There are currently 18 different BOINC project [1] that it
66.
by roboticmind 6y ago
The coin is proof of stake based. The rewards for BOINC come on top of staking. Each BOINC project that is rewarded has its stats looked up by a system of oracles and each node verifies that the oracles match up. The project themselves can