TAU is an electronic currency that aims to promote transactions, to increase circulation, and to introduce a consensus mechanism that is fair, secure and environmentally friendly. We propose an original consensus, Proof-of-Transaction (POT), which uses on-chain accumulated transactions as proof to generate new blocks. The reward is transaction fees contained in each block. Participants can form groups called “harvest club”, which distribute block rewards to all members of the club through an efficient club wiring transaction. Open source TAU testnet was launched on August 1st, 2018 on taucoin.io.
