Difference between revisions of "UTXO Mining"
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'''UTXO Mining''' | '''UTXO Mining''' | ||
| − | The concept of UTXO mining is a reward will be given to you if you provide a distinct unspent set of signed coins in biblepay from | + | The concept of UTXO mining is a reward will be given to you if you provide a distinct unspent set of signed coins in biblepay from one of our partner cryptocurrencies. This establishes proof that you hold a long position in that supported partner currency, therefore earning you a position in your BBP portfolio tracker, and a chance to win the current block reward (9000 BBP as of Jan 2021). |
The primary reason UTXO mining is believed to become popular is it appeals to millions of distinct cryptocurrency users who are seeking a staking return on their crypto holdings. | The primary reason UTXO mining is believed to become popular is it appeals to millions of distinct cryptocurrency users who are seeking a staking return on their crypto holdings. | ||
The block reward gives the UTXO miner the impetus to sign the coins and place them into BiblePays ecosystem. | The block reward gives the UTXO miner the impetus to sign the coins and place them into BiblePays ecosystem. | ||
| + | (Learn about our signing tool for Dash and BTC, that may be scheduled for development soon). | ||
| − | The longer term benefit includes a | + | The longer term benefit includes a constant daily ROI stream for your positions from our daily GSC superblock. |
'''Daily Portfolio Rewards''' | '''Daily Portfolio Rewards''' | ||
Revision as of 18:37, 1 January 2021
UTXO Mining
The concept of UTXO mining is a reward will be given to you if you provide a distinct unspent set of signed coins in biblepay from one of our partner cryptocurrencies. This establishes proof that you hold a long position in that supported partner currency, therefore earning you a position in your BBP portfolio tracker, and a chance to win the current block reward (9000 BBP as of Jan 2021).
The primary reason UTXO mining is believed to become popular is it appeals to millions of distinct cryptocurrency users who are seeking a staking return on their crypto holdings.
The block reward gives the UTXO miner the impetus to sign the coins and place them into BiblePays ecosystem. (Learn about our signing tool for Dash and BTC, that may be scheduled for development soon).
The longer term benefit includes a constant daily ROI stream for your positions from our daily GSC superblock.
Daily Portfolio Rewards
Modify the Leaderboard, to be a list of participants who hold long stake positions. Each participant CPK will contain the sum of the amounts staked, the distinct list of tickers, and the magnitude, which drives the daily reward.
UTXO Staking Mechanics
A reward weight of .50 is given to BBP, .50 to DASH, .50 to BTC. A UTXO transaction consists of BBP + DASH or BBP + BTC, or BBP alone. BBP alone yields half.
