Hey guys great project, but some info is missing.
I think you should add to the OP: total amount of coins, which algorhytm you are using. You know, the coin specs. Perhaps I missed it, im on my phone :p.
HI,
The it is a DPoS token (Delegate Proof of Stake). The new tokens are created by the delegates in the forging positions.
It is a fork of the Ark token chain.
Could you explain how that works or link me to it? First time I've seen DPoS!
Edit: oh and where/how to participate in the crowdsale and where can I find more info on this? Sorry again if I missed it!
Taken from the KAPU whitepaper at this address:
https://kapu.one/WP_EN.pdfHow it works
Purposes, DPOS and chain explanation, coin etc.
Delegated Proof of Stake is a method for securing a cryptocurrency network,
processing transactions and achieving a distributed consensus regarding
the ownership of funds without the need for a central authority.
It is a variant of the Proof of Stake system, which itself was developed in
order to reduce the cost and inefficient electricity usage associated with
Proof of Work systems such as the one used by Bitcoin.
The DPOS method, developed by Daniel Larimer and implemented for the
first time by the Bitshares blockchain, diverge from the POS system.
The difference between a POS system and a DPOS system is that POS
involves the participation of the entire network to validate a transaction
whereas DPOS involves only a limit number of delegates.
These delegates perform the function of validating transactions, maintaining
the blockchain and take the transaction fees as profit.
KAPU Whitepaper VI
Within this transaction validation system, each delegate receives a reward
in KAPU token, in the form of transaction fee, in order to cover the operating
costs needed to keep in efficiency conditions forgetting nodes (to which
transaction verification is delegated) as well as maintaining the KAPU
network in safe conditions.
If delegates should conduct their job incorrectly or take advantage of
their own authority, the votes may be revoked by voters and assigned to
a new delegate. This system can guarantee the security of the network
within a representative democratic logic.
Unlike other DPOS systems, the KAPU network is composed of 51 delegates.
The decision to assign the transaction validation to only 51 delegates was
taken in order to allow us to guarantee a fast, efficient and stable network
with an incredible time limit of 8 seconds per block.
The KAPU DPOS based system is essential, safe and also compatible with
energy saving.
The KAPU project is also inspired by some innovators in this field like LISK,
SHIFT, ARK in order to create the first archaeological blockchain and to
gather information about history, finds, ancient artefacts and finally make
them usable by the entire community.
I hope that ghost information is clear to me to understand how DPOS works.
Team KAPU
