XCOIN
Block network
In the traditional block network, is composed of a chain block without stop to record what happened.
While XCOIN first integrate into the dynamic block size of monero, it ensures the redundancy of the block,
At the same time, the concept of block network is introduced. In each master node, there is a chain of its own business, which records the main node's own message. When the block is out of block, it will generate token and save it to block network.
The block network is responsible for recording the records of tokens sent by different host nodes, and the token of the block chain of each master node is used to ensure the integrity of the whole network.
POA
Bitcoin presents proof of work (POW) algorithm, this algorithm, nodes spend resources to calculate accounting requirements, and then to the other nodes of the network to submit proof of workload, proof of the need can be quickly verified, and work easier to measure, and then according to the work load distribution accounting right, proof of work of high cost, cannot be forged this game, economic motivation and success in solving the distributed trust between nodes, but the disadvantages are also obvious, a high price, the global annual electricity costs over one billion yuan, two a time of uncertainty, affect the final user experience.
Subsequently, Quantum Mechanic in 2011 at the bitcointalk forum Proof of first proposed Stake algorithm, PPC and NXT respectively with different ideas, the user holds a token number effect / system decided to pack the block probability, the algorithm does not consume resources, but participants have more tokens have greater advantages of mining, consensus the algorithm of POS have been recognized.
At the same time, the development of community consensus workshop Ethernet Casper protocol, using the virtual mining approach to token allocation, users need to dig a part of the mortgage virtual tokens, in violation of the agreement system will confiscate the mortgage tokens, through this way to maintain the security and stability of the block.
XCOIN are different from the above consensus algorithms, using the new proof of address consensus algorithm, POA algorithm.
In the POA algorithm, wallet addresses are not randomly generated. Any wallet address can be obtained from the entire block network on the way to learn currency access to the master node permissions, and the corresponding level of the host node can be a certain number of wallet address allocation. For example, a logistics tracking node, may require tens of thousands of wallet address, senior master node, and therefore when learning currency network initialization need to hand more coins and a school, there is no need to exchange node distribution wallet, only the most simple primary initialization of the master node, you can Alipay / WeChat interface through the exchange function. The block network network, is based on the study of all network address currency activity weight after addition of randomly selected a wallet address as the bookkeeping right, rewards will also be the wallet address of the master node 's wallet address sharing, at the same time, the introduction of punishment mechanism to ensure the compliance gains evil is greater than the income, also maintain the stable block network.
about node
.
Learn any Coin Wallet address can send money through to the full online way can be registered as a master node, while the main node exists grade, the number of master nodes of different grades can be assigned the wallet address different, individuals and businesses choose the master node corresponding level according to their business needs. This part of the token will be paid together with the Commission, becoming the next net out of reward.
we have
A company
1 Investor and One hundred thousand dollars
4 coder
2 UI design
2 Security
goal:
21 btc = 1% XCOIN(ICO)
POA algorithm reward = 95% XCOIN(Dynamic rewards reach half in four years)
Team resources for development and ecology=4% XCOIN
development planning
In Translation
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Any bounty campaign like social network, local translations, or signature campaign sir?
