Cryptocurrencies: 3583 / Markets: 24786 Market Cap: 24h Vol:
Genstake (GEN) Rank 510
Genstake (GEN) Rank 510
Website Twitter
48,033,039 GEN

Genstake (GEN)
Genstake (GEN)

Genstake (GEN) Price

Genstake (GEN) 24h Vol

Genstake (GEN) Market Cap

Genstake (GEN) Circulating

Full Name
Genstake (GEN)
BTC Price
0.00001512 BTC
BTC Market
726 BTC
BTC 24h Vol
Total Coins Mined
48,033,039 GEN
0.13 %
-9.64 %
-13.81 %




Genstake is about trying something different with staking. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions. 

Genstake aims to change all that. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins. Gone are the days of 0.02 coins for staking a block. Staking a block with Genstake produces 20 Gencoins. 

Full Name Genstake (GEN)
Start Date 2015-03-06
Algorithm Scrypt
Proof Type PoW/P
Twitter @Genstake
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 48,033,039 GEN
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
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