1. Proof of Stake (PoS): The Upthinity blockchain allows members to earn a percentage of the transactional fee as a reward for validating transactions when staking their UPZ token holdings through the member dashboard. Members do this though hashing participation. Unlike Proof of Work (PoW), a computing-power intensive process, PoS needs minimal resources and won’t put a strain on your hardware. Here’s how it works. In every block a certain number of permits from the validation pool are chosen at random to vote on the validity of the previous block. Members earn a percentage of the transaction fee by utilizing their computational power to validate the transaction.
2. Proof of Action (PoA):The second way members can earn through the Upthinity platform is by actively using the platform. The consensus protocol will validate:
- Suggested actions you take via social
- Suggested profile actions you take
through the Upthinity dashboard
Once you take action (and it gets validated), you can unlock the rewards and tokens reserved for you.