Changes: So what's the innovation?

Revision as of 18:49, 10 January 2016

HyperStake can be called an ultra-fast deploying super secured PoS cryptocurrency network with a saving account analogy. A 750% yearly interest rate is the perfect incentive for holders to buy and actively mint which creates a diverse ecosystem of nodes and pushes up the difficulty. Exponentially increasing money supply (inflationary mechanics will be explained soon) and, on the other hand, the value of high dividend securities, which prevents dumping, makes HyperStake non-vulnerable to any monopoly attack. Even if there is an army of stakers with large amounts of staking holdings, no one will eventually be able to get as little as 1% of the whole network without breaking the World Bank. But wait! Can this coin be devalued due to hyperinflation?

No. There is the Inflation Control Mechanism built into HyperStake. As the money supply grows, the total network weight also grows. It makes the difficulty rise so stakers will enlarge their block sizes to successfully compete with each others. When they cross the line of 4000 HYP, they aren't able to get more than 1000 HYP (the max subsidy) in >10 days of staking (2.05% per day). If they will decide to stay within this size limit, such block may go beyond 30 days max weight gaining period and can be lost in ages (i.e. will stake in the far future). In short, to maintain the 10th-15th day staking period, HYPsters will increase block sizes thus reducing the interest rate they get from their blocks (and strengthening network security).

So, potentially an unlimited number of coins can be produced every day? No. There is the daily limit of 960 blocks 1000 HYP each. HyperStake is an inflationary cryptocurrency (unlike Bitcoin with it’s threat of Tragedy of Commons). But it’s inflation is restricted by ICM to bring in a steady growth of money supply in it’s final phase, which will start years later.

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-HyperStake can be called an ultra-fast deploying super secured PoS cryptocurrency network. It is aimed to generate thousands of PoS blocks in a very short period of time. A 750% yearly interest rate is the perfect incentive for holders to buy and actively mint. Exponentially increasing money supply (inflationary mechanics will be explained soon) and, on the other hand, the value of high dividend securities, which prevents dumping, makes HyperStake non-vulnerable to any monopoly attack. Even if there is an army of stakers with large amounts of staking holdings they don’t sell, no one will eventually be able to get as little as 1% of the whole network without breaking the World Bank. But wait! Can this coin be devalued due to hyperinflation?
+HyperStake can be called an ultra-fast deploying super secured PoS cryptocurrency network with a saving account analogy. A 750% yearly interest rate is the perfect incentive for holders to buy and actively mint which creates a diverse ecosystem of nodes and pushes up the difficulty. Exponentially increasing money supply (inflationary mechanics will be explained soon) and, on the other hand, the value of high dividend securities, which prevents dumping, makes HyperStake non-vulnerable to any monopoly attack. Even if there is an army of stakers with large amounts of staking holdings, no one will eventually be able to get as little as 1% of the whole network without breaking the World Bank. But wait! Can this coin be devalued due to hyperinflation?
-No. There is the [[Inflation control|Inflation Control]] Mechanism built into HyperStake. As the money supply grows, the total network weight also grows. It will make the difficulty rise and stakers will start to enlarge their block sizes to successfully compete with each others. And one day they will cross the line of 4000 HYP, and wouldn’t be able to get more than 1000 HYP (the [[Max subsidy|max subsidy]]) in >10 days of staking (2.05% per day). If they will decide to stay within this size limit, at another day such block will go beyond 30 days max staking period and can be lost in ages (it means never stake). In short, to maintain the 10th-15th day staking period, [[HYPster|HYPsters]] will increase block sizes thus reducing the interest rate they get from their blocks (and strengthening network security).
+No. There is the [[Inflation control|Inflation Control]] Mechanism built into HyperStake. As the money supply grows, the total network weight also grows. It makes the difficulty rise so stakers will enlarge their block sizes to successfully compete with each others. When they cross the line of 4000 HYP, they aren't able to get more than 1000 HYP (the [[Max subsidy|max subsidy]]) in >10 days of staking (2.05% per day). If they will decide to stay within this size limit, such block may go beyond 30 days max weight gaining period and can be lost in ages (i.e. will stake in the far future). In short, to maintain the 10th-15th day staking period, [[HYPster|HYPsters]] will increase block sizes thus reducing the interest rate they get from their blocks (and strengthening network security).
 So, potentially an unlimited number of coins can be produced every day? No. There is the [[Max_generation|daily limit]] of 960 blocks 1000 HYP each. HyperStake is an inflationary cryptocurrency (unlike Bitcoin with it’s threat of Tragedy of Commons). But it’s inflation is restricted by ICM to bring in a steady growth of money supply in it’s final phase, which will start years later.