What we are going to work on once our Tokens get moving, is ETH Clone or Blockchains like ETH, with Proof of Stake, but we will want to first be able to create a Wallet. That is the most important part of Proof of Stake.
https://github.com/ethereum/consensus-specs/blob/dev/specs/phase0/fork-choice.mdhttps://www.jelurida.com/nxt/blockchain-creation-kithttps://github.com/mrv777/NXThttps://www.jelurida.com/nxtIf we look at Graphene, Graphene makes the Wallet very very simple. You don't have to go look for it on the App Store, or pick an exchange, with Graphene you just log in with your username and that's your wallet, all the exchanges recognize it, etc.
So if you compare that to ETH, or any other Coin really, the Wallet is Complex. TRX has Energy and Voting, and it seems more confusing than Graphene, when it shouldn't. But there aren't enough TRX Clones out there yet, and NXT, etc. ETH is about to switch to Proof of Stake from Proof of Work.
When ETH switches to PoS from PoW, we should see a big shift in Cryptocurrency. And to.understand, you have to understand the background of all of this.
First,
Tokenomics and Specs, then PoS and High Yields.
If we look at CoinMarketCap, we are provided with Circulating Supply, and Total Supply, these are related to Specs. The Daily Trade Volume, the Price per Coin, that is day to Day, the Circulating Supply and Total or Max Supply, is part of the Specs.
This then gets to
Block Rate: How many Blocks per Minute or Second
Block Height: What Block are we at since Block 0
Block Rewards: How many come out in a Block
With that, and the Circulating Supply, you can Calculate how many Blocks are left, to how many Coins there are, etc. You can also start looking at Halving events, and things like the Ether PoS Switch.
Now,
If we want to like dumb this down a little so everyone can understand how this all works, we can actually look at Bitcoin the SHA or Litecoin the Scrypt, and Compare it to DOGE, etc. Graphene increases Transactions per Second, but Decreases the Rewards Pool Compared to DOGE Specs. DOGE was meant to give people access, with many many Coins, come Buy it's a Joke, it's Fun, we'll even give you some (at the beginning).
Graphene basically takes the Specs of Bitcoin, which is like 60 Minute Transactions sometimes because of the Block Rate, Litecoin can be the same, but the way this works is the Faster your Blocks come out, the Faster Transactions Move. But, if you have High Block Rewards, this Spoils the Coin. The Solution is called Rarity, or Scarcity.
This does not mean one group of people should keep what is there from everyone else, but instead it means there should be Mechanisms built in. So, for example, if I make a Proof of Stake, or Proof of Work, either or, set it at 1 Block per second, and 10,000 Coins in a Block, then:
1. It will Spoil like Milk, unless it can gain widespread adoption and then start trading between Planets also.
2. If it is PoS, and the Creator Premines too many, and Stakes them, then no one else will get any. It has to be well distributed. Mining on PoS is based on how many are in your Wallet.
There has to be proper Scarcity.
Now, if we look at Graphene Wallets and TRX Wallets to kind of better understand this, and compare it to more Traditional PoS from the past, and we look at PoW from a CPU perspective, we can start to put more of this together.
PoS is Wallet Mined, PoW is a barrier to many because it it not Wallet Mined. There have been Wallets made for CPU PoW Mining. If we look at TRX, NXT, Graphene, and PoW CPU Mining Pools, or Mining Apps, dApps, etc. We can see an area that needs to be much better focused on in the UI/UX area. Graphene and TRX have started this, with the Blogs, the Wallet access, etc. But there are still advances to be made, and people should create PoS Blockchains to go alongside these. PoS Tokens should also be made, as well as Gas Mining from other Tokens, so you Buy a Token, or Earn in, and Burn it to Buy another Token. And that Token has more of a good Spec maybe, with a Reliable Reward Rate, promoting Scarcity, while the Entry Coin can be more Inflation Prone, or Fluctuating, so that as the Coins are Burned for Mining it doesn't ever make those Coins too, too, too Scarce, and the Gas Mining Token can be the Scarce one. We will be having Devs create things like this, and we will start by Simply Cloning what exists, like NXT, or ETH PoS (Beacon), and create a Wallet.
But we see that the Wallet is the main Barrier, and then Mining not being in the Wallet, for most Regular people, and PoS done right can remedy that. The PoS can't just be a Ponzi scheme though, there have to be Tokens, and .com Revenue, or whatever else supporting it. If you are Cloning PoS chains, you will need to be on Graphene Chains, or Start with Graphene, unless you are also creating Tokens or already have one, or are an Existing Business that wants to add a Native Blockchain to their Existing Revenue.