What is TAUT

What is TAUT?

TAUT is a Blockchain network with this new consensus mechanism called Proof of Transaction (POT). This new protocol was built to eliminate the flaws of POW and POS. It has a pure PC Blockchain coin that requires no hardware or staking power. Rather, it provides a friendly ecosystem which is fair and secure.

The Birth of TAUT

Just before we dive into that, you should know that in the TAU ecosystem, there are currently two coins available. One of which was born from the testnet of the other. The other isn’t a token.
The Proof-of-Transaction testnet was running with over 350 users on board and 500 million coins running, 3m transactions, 30 full nodes operation functioning, and only PC were used for mining. Yes, the TAU testnet was functionally effectively.
As earlier stated, the goal of this new consensus mechanism invented by TAU (True Asset Unit) is to eliminate the flaws of PoW and PoS by monetizing our mobile phones. Thus, our mobile phones can serve as a decentralized mobile mining coin.

The testnet was fully functional however, the TAU main net was ready to be launched. But the number of users on the test net was more than expected so the community cast a vote. The vote was opened to the community to decide if another blockchain/coin should be created on the Proof-of-Transaction testnet.

With the approval of the CEO of TAU, iMorpheus, the votes resulted in the launching of another blockchain with its digital coin called TAUT. Its name was derived from the word “TAU Testnet”. So TAUT Mainnet, previously TAUcoin testnet now works on a permissionless and decentralised PC blockchain.
Compared to some other coins, TAUT does not require any KYC process, the coin can be gotten via fiat sales through the P2P escrow trade via telegram and earned through some efforts like writing or marketing e.t.c., about TAUT.

Can TAUT coin be mined?

As earlier stated, there are two coins in this ecosystem. TAUCoin and TAUT. Taucoin currently can be mined via our mobile phones while TAUTcoin can be mined using your PC. However, they are both under the POT consensus.
You can click on this link mining tutorial to learn how to mine and earn TAUT using your PC. And if you’re yet to configure your mining wallet in Ubuntu. You can contact any of the admins via the telegram group.

Features of TAU Blockchain

TAUcoin network through its products gives you the avenue to control your coins/earning and also protects you from currency inflation.

Here are some features of the blockchain:

Every beginner can earn these coins as there is a low barrier set for them to benefit from. For example, participating in bounties or giveaways.

For the TAUcoin holders/users, you have access to verify transactions (mining) via your android phones, and vice versa for TAUT holders/users. However, TAUT is envisaging on developing a pure mobile mining network too.

The blockchain will be using on-chain sharding to increase transactions per second (TPS).

There is an address to address communication protocol to resist IP control and censorship.

With this new consensus protocol, Proof-of-Transaction, miners now compete to accumulate transactions to generate new blocks and get more transaction fees. This in return, has an input on the strength of consensus the network because the longer the transaction, the more “Total Consensus Strength” and the more transactions you make, the higher chance you have to win the mining.

Blockchain is a “decentralised system,” and we believe TAU is a perfect fit for that phrase. You can control your wealth at the tip of yours and not be a victim of currency inflation. So if you’ve not been accumulating TAUT, then you should follow this link and get started.

Follow this handle to stay updated on the next move of TAUT.