TAUCoin “proof of transaction” — features debate and bounty

Summary — a mobile and decentralized crypto currency without inflation

Ideas

proof of transaction

permission-less mobile mining

total consensus strengh is growing time as friend to fight 51% power attack

Detail — Tau is a discovery venture to uncharted “Proof of Transaction” planet. Our plan for next 12 months is bold and intensive in following areas.

Accumulated transaction history in an address will determine the probability to generate next block.

Mining has to be permission-less and low computing power for mobile device. It should not encourage hardware arms race or asset hoarding.

Fight 51% attack — 51% attack is unavoidable on decentralized ledger according to Satoshi. With 51% power, one can do both short range (double spend, censorship) and long range attack to rebuild a chain. Checkpoint is used to contain long range attack in all POS, TAU will inherit that. For short-range attack, when POT blockchain lives 10 years, in order to secure 51% POT power, one need to either secure enough miners’ private keys to get power or build own power for same time period years. The older the chain, the harder to achieve 51% due to time can not be created.

TAU foundation invites you to debate above points. The bounty reward is abundant and waiting for you to debate and take. We are running this on here.

Update on Oct 14th, 2018. by iMorpheus