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RE: The Big Long – Contrary to Popular Belief, Digital Assets Do Have Intrinsic Value: Part 2 –Equities – 02/20/18
POS is intriguing and I am trying to wrap my head around it. I am not a programmer. I know Etherium is supposed to change from POW to POS this year. I have more faith in the ETH people than most others so this tells me that POS is a good direction to go in.
What I don't understand are the nodes. Does one have to have their computer online 24/7 in order to receive any financial distribution?
Are there shared pools....or maybe delegating to accomplish this for people with smaller amounts of the coins?
Thanks for your insights.
It depends on what chain you are staking. Some chains require you to have a node up and running 24/7, at least they have in the past. Most chains are going to staking pools now where coins are sent to a staking contract to stake. Plenty of info exists out there on the subject.