Proof of stake

The VIP network is built for scaling solutions !

With security at it's very core.

If you are not familiar with the term, Proof-of-stake is like mining with your VIP balance. Let’s say for the sake of an example you have 100000 VIP and don't plan on transferring them anytime soon, you can set those funds up to Stake. The wallet will need to run on a computer with permanent internet access 24/7 and your Limitless wallet will need to be unlocked for Staking so you can receive your VIP rewards, currently 4.3125 VIP is the full block reward so 30% of the block reward 1.29375 VIP goes to Stakers and 70% of the block 3.01875 VIP goes to Masternode holders when rewards are received. Essentially, the Limitless network is like a savings account that helps to keep the network secure and at the same time helps to balance the influence Masternodes and Stakers can achieve.


Why Proof of Stake?

An environmentally friendly and secure choice.

Proof of Stake offers a more secure overall network and each VIP transaction must be double verified by a random staker and masternode as well as being confirmed 101 consecutive times by contributors. An attacker would need to own 70.7% of staked coins for a 50% chance of double spending or invalidating a single block. A successful PoS attack would greatly devalue the attacker’s assets when discovered. Whereas, a successful PoW attack may cost an attacker only electricity. VIP staking can also be decentralized amongst all of its users and cannot be traced by electricity use, whereas, mining is concentrated within regions where electricity is cheaper. Another.