Hybrid design of Proof-of-Work (PoW) and Proof-of-Stake (PoS)

Posted by Admin | 2018-03-22 16:07:43

NPCoin use a hybrid design of PoW and PoS for minting. There are two different types of blocks for the minting process, PoW block and PoS block. PoW is a validation system based on work of some kind occurred. In NPCoin, PoW facilitates the beginning part by providing the initial block to start minting. To start, an investor need to first enrols to be a member of NearPlus community by subscribing a package. After becoming a peer member, besides enjoying the full functions of NearPlus package, an genesis block will be allocated to start minting.