TAU proposes a fast, fair and secure currency without inflation. Users, forming mining club, grow and secure the network by doing common behavior — transactions. With the technology innovation of “Proof-of-Transaction”, the mining clubs with transaction history are incentivized by generating blocks and reward to users. No advantage is for concentrating wealth and hardware as in POS and POW. Low barrier to coins and club voting are TAU implementation of fairness. When the more transaction volume, TAU aims to the higher speed and the lower total cost. TAU envisions to pure mobile mining network.
In my perspective, The project definitely pushing another way of mining which is useful, fair, secured, Eco friendly and convenient. Those things might be the features that may catches someone’s attention. The mining process creates a new idea where you mine as a team with “FAIR” Distribution.
This coin experimenting the Proof-of-Transaction (POT) work. The reward will be based in the transaction fees that contained each block, Like I said I while ago, this project aims also for “Fair Distribution”, In PoT mining in TAU you will connect to a one mining club leader that will be responsible and regulates distribution for a a fair stake whoever connects to his mining club wiring.
For simple explanation this is the connection that tracts where and whom mining club leader you are connected. A diagram shows below what it looks like.
This project contributes Proof-of-Transaction(PoT) that is another way of mining which is new and originally made by the team. This shows the boldness of the team behind the eagerness to improve the mining technology to step up in cryptocurrency.
TAU hinders the mindset of “Rich become richer” because of advocating a fair mining system. It may help small and average new comer investors to earn fair rewards unlike Proof-of-Work or Proof-of-Stake that based on how much coin do you have or how many mining rigs do you have
Because of Club wiring TAU creates something like virtual organization (Mining Club) that regulates the distribution of successfully mined coin to the members of the club.
For everyone who’s willing to support and participate the project, they are all free to join campaigns and giveaways to earn TAU coins every task to complete, so that participant can start building TAU and automatically connects to mining club.
basically the mining process of TAU is not requires full equip rigs and too much work for hardware tools. That is a very good step of developing the new way of mining now a days. Just connect your address to Mining club leader, end of conversation.
As TAU’s milestone stated, Mobile wallet is on the way to progression it simply shows the next level of mining thru mobile phones is one step ahead. The team might encounter difficulties on their way to push this project, yet I can see the bigger things and convenience results for the TAU’s Success.
Thank you for reading my thoughts, I hope this simple article can create new words of wisdom to enter new path of mining in cryptocurrency.
Whitepaper: https://www.taucoin.io/whitePaper/TAU
Website: https://taucoin.io/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4757879.0
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=5035589
Telegram: https://t.me/taucoin
Discord: https://discord.gg/HdSVwDb
Twitter: https://twitter.com/tau_io
Facebook: http://facebook.com/taublockchain
Medium: https://medium.com/tau-foundation
Github: https://github.com/Tau-Coin
