1. shin1234

    shin1234 New Member

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    • Proof of Stake Participation (PoSP) – Dec 31, 2015

    • 65 Second block time

    • Staking eligibility after 1 hour

    • Variable Annual compound interest earned via PoSP (6%-12% on average)

    • 2% Annual inflation

    • Less than 1 million CBX in circulation

    • Year-long inflationary distribution stage completed on July 13, 2014

    • Proof of Work completed on January 1, 2016



    Crypto Bullion
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    Promo Video



    Crypto Bullion Mobile Promo Cards

    Cards are available in English with French or Spanish on the reverse side

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    Exchanges:

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    Donate to the CBX Foundation Development Fund:

    CBX 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
    BTC 1D1oyugjRQFAyJ9sRYBvWS2aUbJ9KnUsVG

     
    Last edited: May 11, 2016
  2. Ryler Sturden

    Ryler Sturden Member Staff Member MC Developer

    So if I am reading this right there is a maximum 12% total currency inflation available per year? So if you start at 1M in year 1, theoretically it could be 1.12M in year 2?
     
  3. shin1234

    shin1234 New Member

    yes sir that's correct when are staking it from your wallet, the future of this is widely clear sir the developer is open if you have question and if you have interest to use this or invest for it.
     
  4. Nomad

    Nomad New Member

    I think some clafification is needed here, its 2% is set max inflation but as PoSP is tailored towards the active paticipants/stakers their own personal results can be higher. The theoretical total increase will not be more then 2%, but individual holdings can much higher if they are actively staking and as a result also compounding 24/7 their holdings. The PoSP Block reward is 2% annual of the total circulation vs traditional PoS that is 2% annual on the amount that is staked.

    So the idea is this system should result in greater network participation from CBX holders who would now need to keep their wallet running and staking blocks all year to achieve the same return that is found in older PoS coin system which provides no incentives to be a full time node and end up becoming very slow or stalling.

    a CBX holder thats owns alot CBX but is staking infrequently is a little like someone owning the worlds biggest bitcoin mining farm and then only switching them on once a month to mine a few blocks, while all the smaller farms that have less hashpower but are continuously running are getting most of the blocks.

    Current Supply is 977,859, and block reward is 2% annual of that which is 0.04000 CBX. It hardforked from a hybrid PoW/PoS system and since then the active nodes and network support have increased signifigantly , they would be 10 times what they were pre-PoSP with less than 8 nodes then to now >40 nodes.
     
  5. Nomad

    Nomad New Member

    Youtube that does a better job of explaining PoSP.
    CBX is low inflation, low supply, blockchain started 2013 (previously known as CGB)
    2% yearly inflation, but stakers are getting upto 5x back as they represent the 20%-25% of holders that are staker, offline CBX is missing out by not participating as a part of a node. So greater rewards for the ones that do.


    www.youtube.com/watch?v=2wRygV64PR4
     

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