How do I receive rewards using forging?

Forging is an alternative method of mining cryptocurrency, which is carried out without the need to perform computational processes.

Forging or Minting — the creation of new blocks in the blockchain based on the confirmation of the ownership share. It gives you the opportunity to receive rewards in the form of new units and commission fees.

Forging works on the Proof-of-Stake algorithm. This means that the profit can be obtained in the form of coins for creating new blocks within the blockchain. For creating a block, participants receive a reward, the amount of which depends on the participant’s share in the total number of coins mined.

Forging is used as a way to get coins by providing network maintenance services. It is a flow of coin reallocation from the participants of transactions to those who register these transactions. Reallocation threads do not increase the total number of ZYX in the system.

Each account can generate blocks, provided that at least one incoming transaction has been confirmed 1,440 times. In forging, the computing power of the computer does not matter, because all the work is automatically distributed among the network participants.

In forging, you can get a reward in the form of a commission-a percentage of the transaction amount. To do this, you need to add new blocks to the chain. In this case, the probability of adding a block depends on the size of the wallet asset, that is, the current share of ZYX coins. And all emissions after the launch of the network are carried out at the expense of PoS-mining.

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