RE: Koinos Will Use Proof Of Burn Consensus Algorithm
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Staked KOIN is required to be able to transact on the KOINOS network. The more KOIN staked, the more MANA one gets. MANA is more or less the equivalent to RC at HIVE. That doesnt mean everybody consuming services on the KOINOS chain will need to buy and stake KOIN, since the team is advocating the idea of the dApps to provide the required MANA for a transactions. KOINOS will support MANA delegations as well, something we dont have at HIVE. This MANA delegation will be the feature that allows a dApp to 'pay' for a users transaction. At least, that is what I understood from listening in a whole set of voice chats Andrew does at Twitter.
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Thanks that is kind of similar to HIVE and the MANA delegations seems similar to the talks about RC delegations too.
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In a way indeed, as far as I understand the discussions regarding RC delegations.
I do wonder where that discussion came from. Did HIVE copy what Koinos is doing, or the other way around. Well, it doesnt matter really.