The implementation of projects in need of hashing power made possible via two protocols (invariant and dynamic):
A) In the invariant protocol, the project in need of hashing power modularly sets out its token distribution method (rate distribution, total supply). In this model, the minimum received hash is determined and then a fixed number of tokens is distributed among the Bither network miners who have assigned a part of their excess hash to the mentioned network. In addition, independent miners can also directly assign hashing power to projects that they are interested in. Within this protocol, mining is competitive; the percentage of the contribution is calculated and the fixed number of tokens is distributed on a percentage basis.
B) In the dynamic protocol, the project in need of hashing power does not distribute the token on a percentage basis. In return, for any amount of hash that is assigned to the network, the number of tokens is specified beforehand. These tokens will be distributed among contributors on a standard schedule.
In this model, the number of distributed tokens can vary in proportion to the received hashing power.
Another advantage of the Bither platform is the possibility of defining a third layer. While having relative independence, third layers receive their practical commands from the second-layer networks below and in return, they submit a report of transactions and other activities.
Imagine an academic complex is active in medical sciences and it wants to categorize its activities in different areas. For instance, a category for the activities regarding vaccines, finding new drugs and genetic research and so on.
every one of these categories will be defined as separate tokens on the third layer and will be executable under the supervision of the mother network on the second layer.
Moreover, third-layer transactions will be checked and confirmed on the second layer; therefore, these networks, put no load on Bither’s main network.
In order to prevent spam projects that intend to harm the network (by putting valueless tokens inside the Bither network), a fixed number of Bither coins (for registration of second layers) should be paid to the network.
This amount is gradually given to the miners. this fixed number is 100 Bither coins at the beginning of the network’s setup. Every six months, there will automatically be a vote to determine this fixed number.
This initial payment will be gradually distributed among the miners.
#Bither #Blockchain #Mining #Transactions #Cryptocurrency
Source: https://medium.com/bitherplatform/invariant-and-dynamic-protocols-in-bither-142ad390deaa
