Crypto Bullion Core Development Team
Presenting a proposal for a crypto-currency block chain security and distribution mechanism that engages a superior version of Proof-of-Stake to amplify network security to its maximum potential through the implementation of an intelligent pay-for-work configuration. PoSP – Proof-of-Stake-Participation*, is specifically designed to incentivize participation in securing Crypto Bullion’s network by calculating the total monetary supply’s compounded interest of 2% per year and disseminating it among only actively staking Crypto Bullion allowing for enriched interest earning potential for contributors to network security and efficiency.
Proof-of-Work (PoW) and Proof-of-Stake (PoS) are the two preeminent mechanisms (algorithms) in use today for block chain security, transaction confirmations and distribution of a crypto-currency. There are variations of each and also combination PoW/PoS ‘Hybrids’ such as the one currently employed by Crypto Bullion (CBX). This paper will provide a high level overview of each algorithm as well as CBX’s Hybrid system. This background will lead into our proposal for what we consider to be a superior alternative solution that provides not only vault-like security, but also does so in a resource-conscientious way that promotes decentralization by allowing any individual or entity to participate simply by owning some Crypto Bullion and an internet connection.