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What Does PoI (Proof of Importance) Mean?

Proof of Importance (PoI)

Users must stake a fixed amount of their currency to become a node. The likelihood of their node being chosen to create a block (and claim the fees) depends on their “Importance Score” which is determined by how much you use the network. Sending large amounts of currency frequently will keep your importance score high.

Pros:

  • Encourages use as a currency
  • Rewards users who are actively engaged in the currency
  • Seemingly very secure and efficient
  • Very scalable

Cons:

  • Complicated criteria for establishing Importance score may scare new investors

Cryptos that use PoI

  • NEM

TL;DRPoI rewards you for sending lots of transactions

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