Tuesday, January 28, 2014

NxtMyths 6: What is Nxt mining?

Nxt is a pure Proof-of-Stake (PoS) currency. Users validate the blockchain and secure the network by running a light weight client on any computing device (even one that used to run Windows XP). For doing this users are rewarded with Nxt coin that is collected from transaction fees. In addition, the "transparent forging" feature of Nxt will penalize accounts that do not participate in the mining process by temporarily  reventing them from earning transaction fees

Read all chapter:
https://docs.google.com/file/d/0BwAGADgnQcrtcDhZTHRtSWNPUkU/edit

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