Bitbar was designed to be a storage of wealth
in the same way Bitcoin is, however with the addition of Proof of Stake
another level of Security was added.
This mechanism gives users who don't have access to specific mining hardware the ability secure the network as a shareholder by staking, while generating rewards at a level of inflation to mimic the real world.
Download a wallet from one of the links below.
Bitbar is now on a number of exchanges. Buy and trade using the links below.
check and see if the block explorer has paused also. (more info to come).
Proof of Stake blocks are eligible after 30 days.
Rewards also depend on Coin age of transactions. Every transaction is eligible for POS after 30 days, and up to 90 days. If a transaction is left untouched for 30 days, it will begin to try and stake a block on the network. If it stakes at this point, the transaction will split into two smaller equal outputs totaling the initial stake amount.
Take a look on the block explorer here:http://btb.cryptocoinexplorer.com/
Notice the transactions that "split" into 9.475BTB from 18.9. They staked after 30ish days and gained a total reward of 0.05 bitbar, very close to the annual .05% inflation rate in the bitbar code.
At 90 days, it would be considered fully Mature and when it stakes, it would not split into two transactions, and the reward, if eligible, would be added to the original transaction.
Once the transaction is older than 90 days it does gain extra coin age, but the proof of stake reward will not grow past the 90 day full maturity level.
At the time of this writing, around 4-5 BTB would be required at full maturity to stake interest. If you want rewards, you will have to combine your mined blocks into a large enough transaction meeting the criteria above to gain reward. , and can take longer depending on the amount being staked.
For maximum stake, one must wait 90 days. (Also wallet cannot be locked)
One of Bitbars Unique features is that it has a block re-target every block along with a reward re-targting according to the difficulty of the last received block.
You can always check the block explorer at http://btb.cryptocoinexplorer.com
There is a minimum amount to stake to get rewards in the current code, if they are small amounts, they will not get a reward.
Proof of Stake is a concept Bitbar adopted from peercoin, which gives the currency a variable inflation rate, but also an energy efficient way to generate blocks for much less energy required by miners.
There was a block reward De-synchronization issue that was noticed and fixed in Bitbar by the Developer of peercoin, Sunny King. This is why currently small rewards are rounded down.