So basically it's a layer made on top of STEEM blockchain to do a same thing what we are doing with STEEM ?
Posted using Partiko Android
So basically it's a layer made on top of STEEM blockchain to do a same thing what we are doing with STEEM ?
Posted using Partiko Android
Kind of, but it has it's own set of rules (many of them different from those on Steemit) and is effectively a RESET on who holds the most power (platform currency) to distribute the inflationary token. It's a lot fairer for new users and minnows in the sense that no one has a big lead in how much of the platform currency (PAL token) that they own or have staked in token distribution.
Dont forget that whatever you post on Palnet also shows up on Steemit. Dual rewards in PAL and STEEM....so default use should really be Palnet.
Good point.