TAU - True mobile mining (Not just giving out free coins to mobile wallets like other 'mobile mining' cryptocurrencies do)



freyr







Tau (https://www.taucoin.io/) is a mobile phone oriented cryptocurrency. It's mainnet was released recently.





True mobile mining





The true innovation behind TAU is that a mobile device acts as an actual verifier of transactions, ie a real mining device.

Many other competing cryptocurrencies have PC miners as actual miners and they just give out free coins (mostly a part of their inflation to mobile wallet users and call it 'mining'.





Proof of Transactions (PoT) Consensus

Taucoin introduces a brand new consensus algorithm after Proof of Work and Proof of Stake which is called Proof of Transactions. The more transactions you make, the more likely you are to be selected as a miner for obtaining block rewards.





You hold the entire blockchain on your mobile phone

The TAU blockchain is so light weight that you can hold the entire ledger on your blockchain.

The developers state that once you are fully synced, you need only as little as 5 Mb data per day for updating the database and keeping it synchronised.

Also, once fully synced, it drains only very little battery per day.





No inflation- Miners only split transaction fee as rewards among themselves.

Another brilliant idea the Tau team has implemented is removing inflation and providing only transaction fees as block rewards.

To be a miner, one has to transact on the network. The fees from transactions in turn provide block rewards for other miners. In the long term, this will become a self sustainable financial ecosystem based on 'give and take'.





Traders!! This is an opportunity. It's not yet trading on exchanges.

Tau coin is not yet trading on any exchange. However you can get it through peer to peer escrow trades. Meaning this has a huge upside potential in terms of value.









If you like my article, send some TAU to

TAFYYg3mQHRpDfehGdYpN6EGhE9tuYdwUX



























































































