Ercoin

Ercoin is a currency with fair distribution, delegated proof of locked stake used as a consensus algorithm and Tendermint used as a consensus engine. Initial Burn Offering has been announced.

Website: https://ercoin.tech
Whitepaper: https://ercoin.tech/whitepaper.html
IBO announcement: https://ercoin.tech/news/ibo.html
Reasons to be interested in Ercoin: https://ercoin.tech/reasons.html
Main repository: https://gitlab.com/Ercoin/ercoin
IRC: #ercoin on irc.freenode.net
Telegram: ercoin_chat
Twitter: @ErcoinTech

Contributions are welcome.

[Abstract]

Abstract

This paper presents transaction fee related threats to cryptocurrencies with high block frequency and low transaction volume (relative to market capitalization), taking BlackCoin as an example. It then presents a possible solution: dynamic block sizes, which would allow for market adjustment of transaction throughput. Disadvantages of dynamic block sizes are then presented and dynamic minimum transaction fees are introduced. Possible collusion of miners with users is then discussed and partial fee destruction is proposed as a remedy. Finally, negative transaction fees are discussed.

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