Generational Wealth Rank 4825
$0
Generational Wealth Rank 4825
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0 GEN

Generational Wealth
Generational Wealth
GEN

Generational Wealth Price
$ 0.0000

Generational Wealth 24h Vol
$22,193

Generational Wealth Market Cap
$0

24h Vol
0
1 H
0 %
24 H
0.39 %
7 d
22.58 %
Today Generational Wealth price in US dollars is currently 0.0000 USD, and if converted to Bitcoin is 0.00000000 BTC. A total of N/A are currently circulating in the Market. Generational Wealth price is currently experiencing a change of 0.39 %, and check here all cryptocurrency. Over the past 24 hours 0.000 M US dollars Generational Wealth have been traded on Crypto Exchanges. Get Generational Wealth's progress by adding it to your favourites and creating a free portfolio.
Full Name
Generational Wealth
Symbol
GEN
Algorithm
Scrypt
BTC Price
0.00000000 BTC
BTC Market
---
BTC 24h Vol
0
Total Coins Mined
0 GEN
1h
0 %
24h
0.39 %
7d
22.58 %
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Description

Description


Genstake is about trying something different with staking. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions. 

Genstake aims to change all that. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins. Gone are the days of 0.02 coins for staking a block. Staking a block with Genstake produces 20 Gencoins. 


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