PandaBank 2.5% Annual Interest Staking FAQ

6th Course – Frequently Asked Questions What exactly is staking? How does Pandacoin earn 2.5% interest per year by leaving it in the PandaBank? Pandacoin’s Crypto Crash Course walks you through the most commonly asked questions when it comes to interest staking and how it works.  Introduction to Staking (Earn Interest) The simplest way to understand “staking” is interest provided to your Pandacoins stored in the PandaBank, like interest would be applied to your bank account. If you are staking, you will earn 2.5% interest on all of the coins which which you are staking. So, if you have 100 coins, you will earn approximately 2.5 Pandacoins every year. This will wind up being slightly more due to compound interest, but you get the idea. Beyond providing interest, it also helps to secure the Pandacoin network, by using a small percentage of your computer’s processing power in order to make transactions. The amount of processing power used is minimal, such that it would be completely unnoticeable, however every little bit helps to make the network strong and secure. If your PandaBank is closed, or offline, you cannot stake. In order to stake your computer must be on, your PandaBank must be open, and unlocked for interest staking, and it must have some amount of Pandacoins inside. Essentially, in return for the small amount of processing power you’re donating to the Pandacoin network, the network pays you in interest! It is important to remember that it takes 3 days after receiving coins for those coins to begin to stake. If you have Pandacoins, staking is an excellent way to strengthen the Pandacoin network....

Why User-Focused

Why User-Focused Development is Better than Value-Centric Development 1st Course – Introduction to Cryptocurrency With so many different cryptocurrencies out there, what makes them different and how do you know which technological developments are important to progress the entire digital decentralized currency industry forward? The Pandacoin Crypto Crash Course will take a close look and compare the differences between ‘User’ focused developments and ‘Value’ focused developments. The world of digital currencies is full of different coins. Many of them will pop into existence to receive some brief attention, and then fall back into obscurity as quickly as they had appeared. Some, however, make waves that are felt all throughout the world. There are many “strategies” that can be utilized to the end of the success of a coin. One such strategy, utilized by Darkcoin and many others like it, is the idea that “innovation” must be created for the purpose of attracting high powered investors, and that one must establish their own innovative niche which no one else has yet to achieve. In the case of Darkcoin, their main attraction is the anonymity on transactions, which allows Darkcoin to be sent and received in payment without either party or any third parties knowing the actual identity of either transacting party. Another such strategy, utilized by Pandacoin and Dogecoin, is an attempt to appeal to as many different people as possible so that instead of appealing merely to high powered investors, you appeal to the every day person who will find a way to invest in and use the currency in question. This strategy, however, is split cleanly into two...