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Friday, October 19, 2018

POT is an experimental consensus algorithm to determine which mining club will generate the next block, the more transaction history weight in the club, the high probability to get new block. In the test-net, the weight is the total number of up to one year accumulated transactions made in the club. In the main-net, it is the accumulated transaction fee. An NXT like network random number is generated to select club at the probability relating to their weight. When transaction amount is high, time interval between blocks will shrink to achieve the more transactions, the higher speed and lower energy cost. POT is encouraging users to actively carry out essential transactions. TAU reward system will distribute benefits through “club wiring” to each members. POT detail is discussed and debated in on-going whitepaper.

https://www.taucoin.io/account/login?referralURL=306813abdcde951614b7fe4622ae456cd975072f1f15c8132ff1e99cb2ec4657click

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