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RE: PIVX beats DASH on all fronts
So no mining and no supply limit.
I'm really having trouble with the concept of a cryptocurrency that is not being mined, because my understanding is security steams from this, can you explain to me how transactions get verified when there is no mining? Why is it secure?
Because if a masternode is trying to mess with the blockchain and other masternodes verify that , this masternode looses all of it's money. and for PIVX it is 10 thousand PVIX per masternode. That is why this verification method is called proof of stake and not like with mining proof of work.