If the fiduciary value of Emercoin increases Hong Kong Phone Number List more users start mining it, this increases network complexity and thus reduces the reward per block. As a result, the network is protected from high fiat Hong Kong Phone Number List inflation. Conversely, if miners lose interest in emerging coins for any reason, the system becomes less complex and keeps miners by offering higher rewards. In theory, the most effective emerging coin Hong Kong Phone Number List mining strategy is to use the minimum capacity and share the maximum income for cooperation and mining.
However, this is not possible Hong Kong Phone Number List because miners will face a variant of the Prisoner's Dilemma . 6% annual PoS yield Since Emercoin is a PoS cryptocurrency, miners can earn income from mining hardware and coins in their Hong Kong Phone Number List wallets. We choose to pay PoS bonuses at a rate of 6% per annum. In other words, if the tokens used to close transactions remain unchanged for more than a month, it is likely that those tokens could be used to close a block, resulting in 6% APY for the owner. Once Hong Kong Phone Number List the coin is spent, the idle period is "exhausted" and the new owner starts a new idle period.
In other words, 6% APY is the Hong Kong Phone Number List largest PoS reward that can only be received if the coin remains intact. Currently, the real money stock growth through PoS APY is around 4-5% per year. As Emercoin becomes more common and more traded, this value will drop to match the typical interest rate of hard fiat Hong Kong Phone Number List currencies - although never completely void. Some may object that this 6% APY is inflationary, but it should be mentioned that emerging coins have a deflationary trend. The value of the coin is growing, and it is growing very fast. This can be seen in its exchange rate, which has nearly Hong Kong Phone Number List quadrupled since the beginning of the year.