by Catalin Iordache, blockchain concept manager at Lohncontrol

Lohncontrol project proposes a new consensus protocol that builds upon the Proof-of-Tasks by implementing it with Proof-of-Stake mining architecture of Ethereum smart contracts.

How does Proof-of-Tasks work?

In the Proof-of-Tasks blockchain consensus protocol the platform lohncontract.com mine only the template of the blocks. Such a template has two things in them — the header information about tasks and the reward address for the validators.

The header information inside a block points to a random stakeholder. These stakeholders then validate the pre-mined blocks.

The more stack a validator holds, the chances of them approving a block increases. Only after the validation, that particular block gets into the blockchain.

This is how Proof-of-Tasks uses the best of the consensus algorithm Proof-of-Stake to validate and add a block to the blockchain.

Moreover, the network pays both: the platform miner, lohncontract.com and the validators the fair share of the transactional fees.

Thus the system acts against the “tragedy of the commons” and creates a better solution for block validation.

The impact of the Proof-of-Tasks consensus protocol is similar with Proof-of-Stake : more secured against any attack and a not power-hungry system.

The lohncontrol Smart Contract will work through dedicated APIs for each section of the platform.