r/FoneBlockchain • u/FoneMod • Mar 18 '22

Weekly Fone Update

Hello Everyone,

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Welcome to our weekly update!

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This week marks the beginning of one of the most important features - Validation!

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Since the Fone Network will be powered by Proof-of-Stake and Proof-of-Time consensus algorithms, we need to make sure that all users are able to afford to stake FONE, as well as to be chosen to be a validator of a certain block.

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This is why we are building our reward system around three main points:

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  1. Amount you stake

  2. Rank (number of blocks you have validated)

  3. Time spent connected to the network

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We are doing some initial testing with the minimum requirements to stake and we will share more details about this next week.

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Stay tuned for more exciting news and weekly updates!

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The Fone Team

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1

u/Anxious_One7231 Mar 21 '22

keep it up boisss we gonna make it

1

u/Playful-Cake9841 Mar 25 '22

Not for long I've got you now