Coins don’t appear out of nowhere. For this proposal, old nodes will see coins sit in the HogAddr, which holds all the coins in the EB corresponding to that block. Just like with SegWit, old nodes will see those "anyone-can-spend” spent to a normal addre
Charlie Lee [LTC] -
Coins don’t appear out of nowhere. For this proposal, old nodes will see coins sit in the HogAddr, which holds all the coins in the EB corresponding to that block. Just like with SegWit, old nodes will see those "anyone-can-spend” spent to a normal address. That’s the peg-out.

read more