FAQ
Magi is a decentralized digital payment system that operates without downtime or centralized control.
Users can send payments globally and also participate in issuance via software-based mining or minting.
Magi uses a combination of proof-of-work and proof-of-stake and emphasizes fair, cost-effective, and energy-efficient operation.
Traditional PoW often triggers hardware "arms races," where miners keep adding compute to win rewards, driving up energy use.
Magi treats this as a core concern and designs incentives to reduce wasteful competition.
Magi varies block rewards based on network activity — encouraging participation when activity is low and reducing rewards when activity is high.
This "network-dependent" reward model helps keep the network within a reasonable scale and cost.
m-core is the core of the Magi system: it maintains the public ledger and chooses the valid blockchain.
It powers the wallet in both daemon and GUI forms.
m-wallet is the practical implementation of m-core (daemon + GUI).
Running the wallet is sufficient for maintaining the chain and sending/receiving coins.
Magi's proof-of-work includes network-dependent rewards: it validates transactions, creates new blocks, and tunes coin issuance using an attraction-repulsion model to curb excessive mining and keep participation broad.
Magi's proof-of-stake complements mPoW. It's designed to avoid vulnerabilities like simply accumulating a large balance or letting coins sit idle for long periods to gain advantage, again guided by the attraction-repulsion concept.
In mPoS, "Not enough weight" can happen from over-time staking.
The typical fix is to reset staking by sending your XMG to a new address (within the same or another wallet);
using coin control helps you choose inputs. Afterward, keep the wallet running to regain weight.