✅ Mining Completed — We're finalizing our shift from the Proof of Work (PoW) protocol to Proof of Stake (PoS) as part of "The Merge" update. Similar to Ethereum's transition from ETHASH, we've incorporated the best features not only from Ethereum but also from the TRON blockchain, one of the few deflationary blockchains alongside Bitcoin.
The new version of the StarsHash blockchain will closely resemble the TRON blockchain, one of the industry's most popular blockchains.
### 🔧 How does Proof of Stake (PoS) work?
Proof of Stake is a consensus algorithm where participants \"stake\" their tokens to validate transactions and generate new blocks. The more tokens staked, the greater the chance to validate the next block and receive rewards.
After staking your tokens, you can delegate them to a validator pool to earn staking rewards and participate in reward distribution.
### 🔗 Why are pools needed in Proof of Stake?
- You can stake tokens in multiple pools simultaneously.
- Importantly, you delegate not tokens or energy but Voting Power.
### 📌 Technical Specifications:
- Total Supply: 10,000,000,000 tokens
- Transaction Fee:
- Each transaction requires either X StarsHash tokens or Y energy units.
- Energy: Used for transaction execution. If you run out of energy, tokens are burned instead.
- Inflation and New Token Issuance:
- Each transaction generates a small number of StarsHash tokens distributed among the TOP-27 pools.
- Deflation and Token Burning:
- Tokens paid for transactions are fully burned, reducing the circulating supply.
- How does it work?
- If the transaction consumes energy → slight inflation occurs.
- If the transaction burns tokens → slight inflation occurs, but the total token count decreases due to token burning (deflation).
Thus, StarsHash vividly demonstrates the core principles of popular blockchains, providing knowledge applicable beyond our ecosystem.
IMPORTANT: The update process is automatic and already 80% complete. We will share more details soon.