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Author Topic: "Proof of Transaction" consensus debate - 10 million TAU 12 months  (Read 12277 times)

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Offline imorpheus

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"Proof of Transaction" consensus debate - 10 million TAU 12 months
« about: October 16, 2018, 03:03:31 AM »
Summary: an experimental true asset crypto currency without inflation
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network

Detail The 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 shall 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. 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 due to time can not be created.

To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.

- Debate weekly to win - 200k TAU
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
  1st Prize; 100,000 TAU
  2nd Prize; 60,000 TAU
  3rd Prize; 40,000 TAU
« Last Edit: May 04, 2019, 10:25:46 PM by imorpheus »
iMorpheus
TAU - True Asset Unit - Mobile and Decentral

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"Proof of Transaction" consensus debate - 10 million TAU 12 months
« about: October 16, 2018, 03:03:31 AM »

Offline Naruto uzumay

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #1 about: October 16, 2018, 11:35:56 PM »
Hi admin in my opinion in the transaction history there is a report who sent TAUcoin to us   
« Last Edit: October 17, 2018, 02:22:21 AM by Naruto uzumay »

Offline Joan

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #2 about: October 21, 2018, 03:17:07 PM »
Hi admin in my opinion in the transaction history there is a report who sent TAUcoin to us

What transaction do you mean?

............███..............................
...........█...███████.........▄███▄.........
...........████████████...███..█..██.........
.....................████..███.▀████.........
..........████████████████..███...███........
........................███..███...███.......
......████████████............███████........
....████...███.................█████.........
▄██████..████...█▀▀▀.█.▄█.█▀▀█..███..███.....
██...█..███.....█....█▄▀..█..█..██..███.▄▄▄..
▀████▀.███..██..▀▀▀█.█▀█..█▀▀▀.....███.██▀▀█.
......███..███..▄▄▄█.█.▀█.█......████..██..█.
......██..███...................████..████▀..
.........█████..............█████████████....
........███.███..███.......█████████████.....
.......███...███..████.......................
........███...███...███████████████..........
.........█████.███...███.....................
.........█...██.███...███████████▄...........
.........▀████.........███████..██...........
.............................▀███▀...........

























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Offline Jerrison42k4

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #3 about: October 22, 2018, 01:36:40 AM »
What transaction do you mean?

all he is saying is a suggestion that there should be a memo description of any transaction made. for record purposes
TAU-X    THE PROOF OF TRANSACTION CONSENSUS     JOIN US NOW!
▐▐ Consensus Mechanism 
▬▬▬▬▬▬ Proof-of-Transaction ▬▬▬▬▬▬ Facebook  Telegram  Twitter   ▬▬▬▬▬

Offline zityx23

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #4 about: October 22, 2018, 03:32:54 PM »
Summary: an experimental fast, fair and secure crypto currency without inflation
Breakthrough ideas
- proof of transaction
- permission-less mobile mining network
- adjustable block numbers to speed up
- minority rebellion from 51% power censorship attack
Innovative ideas - “on-chain” mining club and rewarding, delegation, epochs
Community service - TAUX, faucet and bounty, Tau Capital for startup

Detail The plan for next 12 months is bold and intensive in following areas.
- Accumulated transaction fees within certain time in a mining club will determine the probability of the club leader to generate next block, and prevent spam.
- Mining has to be permission-less and low computing power for mobile device. It shall not encourage hardware arms race or asset hoarding.
- Past research shows that the block time delay is required by “handing over” generation right to others include decision and communication. Under consensus, TAU shall achieve scaling by permitting the same generator to produce “multiple blocks” when high transaction volume happening.
- 51% attack to perform censorship and double-spending is considered unavoidable on block chain. However, through rotating a number of epochs, each epoch consists certain number of blocks. Limitting one generator in its epoch and prohibit the same generator to produce blocks in upcoming epochs, from rotating perspective, the 51% power is not able to censorship the network. Double spending problem is contained as well.

Along with above key ideas, Tau enacts onchain mining club and efficient “club wiring” to reward massive club members after every check-point on public ledger to avoid leader corruption. If not mining by themselves, members shall delegate mining effort to club leader. The multiple epoch idea allows low power mining club to have higher chances to generate blocks, because high power clubs contained in previous winning epochs. The more epochs for rotating, the low entry barrier to win blocks and higher security for the network.
To increase community satisfaction, we will operate Tau exchange (TAUX), an automatic swap of TAU and BTC investment pools four times a day. TAU capital will invest TAU app entrepreneurs.
To achieve pervasiveness, TAU faucet and bounty program will last multiple years to give non-coiners basic TAU to begin with crypto currency experience, until we used up 82% reserve.

We invite you to debate above points. The bounty reward is 10M tau and waiting for you to take.
On-going white paper is https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.4.pdf

Debate Bounty Mechanics;
- Winners will be determined WEEKLY thru voting.
- We encourage the criticism. (Pointing out the flaws, followed by making a suggestion or proposed solution)
- The team will choose the up to 5 qualified participants weekly.
- The chosen 5 will be subject to voting system.
- Winners will be evaluated into three (3) voting category
  33.33% for the Twitter
  33.33% for the Telegram
  33.333% for the Discord
- Voting will last for 24hours only. (No extension)
- There will be three (3) winners, 1st, 2nd and 3rd respectively.
- Reward will be as follows;
  1st Prize; 100,000 TAU
  2nd Prize; 60,000 TAU
  3rd Prize; 40,000 TAU
- Winners will be posted in TAU Telegram and Discord channel https://discordapp.com/invite/ydhx3um
[/color]

Can I use this thread for the bounty?

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #5 about: October 22, 2018, 03:40:02 PM »
Yes
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TAU - True Asset Unit - Mobile and Decentral

Offline Kriptolab

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #6 about: October 23, 2018, 09:20:26 AM »
Requirements for the dApps that would be built on TAU Blockchain (Consider also for Tau Mobile Mining App)

Support For Majority Users
It should be powerful enough so that, millions of users can freely utilise it. This is especially true for DAPPs that are looking for mainstream acceptance.

Free of Charge
The platform should enable the devs to create dapps which are free to use for their users. No user should have to pay the platform to gain the benefits of a dapp. I notices something great and different from TAU Coin management, via developer and startup bounties, developers are paid and so they harmoniously work hand in hand with the team to built TAU and make it unique. This is appreciated. 

Easily Upgradable
The platform should limitless give freedom to developers to upgrade the dApp when its required. Also, if some bug does affect the dApps, the devs should be able to fix while the platform remains unaffected. It should not appear to shut down the activities, this will affect users and can lead into less trust to the platforms.

Smooth running ( With Low Latency)
The smooth running of a platform is very important aspect of project. TAU dApps should run as smoothly as possible and with the lowest possible latency..
 
Performance
In order to save time,  TAU platform should allow their dApps to be processed parallelly in order to distribute the workload. However, not all the functions on a blockchain should be done that way. Think of transaction execution itself. Multiple transactions can’t be executed in parallel; it needs to be done one at a time to avoid errors like double spends

Some, if not all of the above recommendations, therefore, should be sorted and worked upon developing TAUX, they would help to provide more scalability and prospers in that direction. Enough testing also is vital prior to the launch and use, so that to be sure on smooth running of the service.
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🏆TAU - True Asset Unit || The Decentralized Coin || An Experimental Proof of Transaction Coin On Mobile Mining || POT🏆

Offline Naruto uzumay

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #7 about: October 23, 2018, 08:30:33 PM »
in my opinion you don't need to build TAUx you are quite focused on TAUcoin blokchain because this is the best there are many exchanges we can enter the exchange if TAUcoin is ready I'm sure TAUcoin is good for long-term investments

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #8 about: October 24, 2018, 12:45:44 AM »
Agree, right now making proof of transaction on mobile is the key. We will not support smart contract since that’s not essential for currency.
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TAU - True Asset Unit - Mobile and Decentral

Offline Fritz1603

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #9 about: October 24, 2018, 12:13:28 PM »
On my opinion, You are TAU, and we believe in TAU, your project is amazing coz we are here due to your awesome project, people now a days are not into market because some of them dont know how to use market, if taucoin will be line up in thousands of coins in market how or what is the possibility of taucoin to boost its value? Or how tau will be a popular coins if still btc eth bch etc is on top of the marketcap? I believe TAU-X is still the best project... We may be not on top of high value coins but TAU will be know on its TAU-X having its own direction point of value in every round of pool... If i will be to choose? Market or TAU-X? I will go to TAU-X, you can also add eth bch in TAU-X by batch or scheduled and for sure this will be rocket all around the universe. 

Offline Mr. Wolf

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #10 about: October 24, 2018, 01:49:54 PM »
Can I use this thread for the bounty?

Topics should be posted here as what genie854 is doing in bitcointalk. If possible, we should focus the consensus debate here in taucointalk more so that aside from getting a lot of traffic in here, it would be easier to find threads as we mostly have TAUcoin discussions here. It should be implemented as soon as possible. This is to avoid confusion from two forums.
TF8k6J1Lq6RdLBzNUAXQi7tG79NAwexqzm

Offline imorpheus

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #11 about: October 24, 2018, 05:52:12 PM »
Yes, we should focus debate here. TAU starts off a community coin. Now with clear dev plan to developer POT main net on full mobile prior to feb 1st. during the meantime, we will not do too much on valuation and exchange, just let it flow and enjoy the season.
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TAU - True Asset Unit - Mobile and Decentral

Offline Kriptolab

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #12 about: October 25, 2018, 07:15:52 AM »
Yes, we should focus debate here. TAU starts off a community coin. Now with clear dev plan to developer POT main net on full mobile prior to feb 1st. during the meantime, we will not do too much on valuation and exchange, just let it flow and enjoy the season.

As stated before, mining is very important function when speaking about Proof of transaction. The more miners in the network, the more secure the network become. With the dev focus, the following may be put into consideration regarding the permissions less Mobile mining under POT.

Tau App mobile Miner
Should be developed with built in miner, completely configured, easily and ready to mine with a click of a button.

Earning TAU can be achieved through,
verify transactions and by the time spent on the network with the miner activated so that to be rewarded. If possible, let the miner app work in background while free continues using mobile device. (But am not so such encouraging the use of time spent to reward miners to avoid time manipulators, otherwise the team would look onto this).

Internet connection is required to connect with the mining network, send  and receive TAU transactions. (Monitoring indicator icons should be built in).

Sending and receiving TAU Coins transactions in a fast, fair and secure p2p network should be allowed between Android and iOS (all mobile OS).

The application should be designed to function seamlessly with user's device usage. Extensive beta and alpha testing should be undertaken to ensure the Mining app doesn't disrupt phone behaviour and functionality.

On the bases of standard user behaviour, both data plan and Wi-Fi be combined in the long run to preveng drastic data usage.

Partnership with mobile manufacturing companies/providers should also be put in focus to start negotiations in pre-loading of the TAU mobile app on smartphones to drive acquisition.
« Last Edit: October 25, 2018, 07:18:01 AM by Kriptolab »
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Offline Slamsugio

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #13 about: October 26, 2018, 04:55:25 AM »
How if make some game dice coin using tau coin.when tau hasbeen list at market.maybe it will make taucoin be popular and introduce for many people

Offline Kriptolab

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Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Reply #14 about: October 26, 2018, 03:42:40 PM »
How if make some game dice coin using tau coin.when tau hasbeen list at market.maybe it will make taucoin be popular and introduce for many people
That's awesome, I won't wait for it, go for it, yes in fact, iMorpheus promised that the first app will be shown on the website, and it will receive more bounty reward, so I personally encourage you go ahead of this very best dream, plan it, make it simple, an we can have the first game based on Taucoin, that's very possible my friend, make the dream come true mate
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