If you haven't read the peercoin whitepaper[1], it may get you a bit closer to an understanding. That being said, I still don't have a solid grasp of exactly how coins destroyed results in solving blocks...
Thank you! I can't believe I missed it and didn't think to check for a white paper for this. Especially since that's what really cleared up bitcoin's proof of work blockchain to me.
proof of stake was first proposed in 2011 on bitcointalk, the go-to reference for everything bitcoin/altcoin.
https://en.bitcoin.it/wiki/Proof_of_Stake
http://bitshares.org/security/delegated-proof-of-stake.php
If any coins make it you can see at watching the marketcap of the coins at http://coinmarketcap.com
Awesome, thanks for the links.
I would recommend reading
http://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof...
I keep hearing about prof of stake. I'm very interested in it, however I haven't found an explanation that clearly explains to me how it works. I've looked at the Wiki article and read a little about Peercoin. Do you know of any article, video or source that may help explain exactly how proof of stake works?