Taucoin wallet is a burgeoning wallet .Wallets are supposed to run on mobile phones, but mobile do not have “real IP address” due to IPv4 network restrictions and is unable to provide individual IP addresses, unless of course there is IPv6 which needs many years to come. That leaves the mobile industry with NAT, network address translation, to make many phones sharing one public IP and giving cell phone internal IP address behind firewall. Without IP address, mobile phone can only be client and not able to be a full mining node on public internet. Different cell phones behind firewall need centralized server for inter-mobile communication.
TAUcoin is solving this anticipated issue, to build true “client to client, server-less” networking allow blockchain to be maintained on mobile phone systems without any super node software. Every wallet is an full node running on mobile phone behind NAT firewall using internal IP address, creating the “server”, “client” and “wallet” trinity.
In the case of decentralization, projects create mining pools and delegated nodes, which help features such as speed and smart contract, but severely kills off the idea of decentralization, which the cryptocurrency community pursuing .
The framework of solution and trade-off is: using “proof of transaction” protocol as base settlement layer to remove computing burden, reducing blocksize to 1KB per minute to allow global millions of nodes synchronized on time, and relying on community to create second layer payment applications to bring back the transaction speed. Upon success of the plan, individual with a phone willing to consume 1.2Mbyte data per day can be a blockchain miner making fees. The more transactions history and wallets (miners), the blockchain will become more secure. The stronger coin holders community, the more second layer payment projects will appear, so that to achieve higher speed of currency flow
Taucoin Project Resources
Website https://www.taucoin.io/
Telegram Group http://t.me/taucoin
Telegram Channel http://t.me/taucoinann
Whitepaper https://www.taucoin.io/whitePaper/tauwp2.0.pdf
Facebook https://www.facebook.com/taublockchain/
Twitter https://mobile.twitter.com/tau_io
Reddit https://www.reddit.com/r/Tau_coin
Discord https://discorspam%20-%20please%20report%20%21%20d/invite/g4bVyqQ
Medium https://medium.com/tau-foundation
Reddit https://www.reddit.com/r/Tau_coin
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent Cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Taucoin address TBXrSXeNhsFJrtbYvEjxcWTd3hHfSo7ELb
