paccoin 1.6

The PacCoin wallet has been designed to be user friendly for PoS minting rewards. PacCoin wallet versions 5.0 and beyond require no additional steps to mint coins, you simply generate an unencrypted wallet that you intend to leave untouched for 30 days, send the coins to the wallet, and wait with the wallet on or offline during the aging process. Once the blocks have successfully aged, connect back to the network and you will now be competing for stake. PacCoin has the “normal” Proof of Work (PoW) blocks of 500 coins but PacCoin also has the capability to generate new coins using what’s called Proof of Stake (PoS). Many crypto-enthusiasts don’t know what this is and how it works, so we’ll try to explain in simple terms.