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December 09, 2017, 09:44:29 PM |
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Thank you for the suggestion casey.anthony.195. We have given this much thought when we first conceptualized this idea and prior to the development of the actual project. Though in the future we will constantly look for ways to be innovative and build more improvements to our blockchain here are a few ways we believe we are distinctive in this project's initial launch:
The cryptography we are using is very distinctive and unique to this blockchain's infrastructure.
As another way of distinguishing ourselves from we plan on bootstrapping the blockchain’s usage amend adoption with the flagship applications we are launching in cohesion with the blockchain.
Lastly the mining system we are implementing is also very distinctive. The blockchain will use a Proof of Work consensus. In our system, since we want casual users of the currency to be charged nothing at all, we will have some threshold size under which there are no transaction fees. When you make a transaction, if it's small, you're probably only using one input and maybe two outputs for the transaction, which takes up a certain size. The more you send in a transaction, and the more inputs it takes you to come up with that amount, the larger the transaction is, and the more time it takes to propagate through the network
The reason for the transaction count based block rewards is due to empty blocks. Pools or those with high performance computing capability could simply verify empty blocks, which propagate faster through the network because it is less information to send than a whole block. Basing it on number of transactions means empty blocks would have no value. Transaction fees are also avoided since the reward is determined by the number of transactions and paid for from the available pool of undistributed coins. No cost to spender for transactions and no incentive for empty blocks.
These again are just the beginning ways we want to lay the foundation for this blockchain. As we gain more resources and expand the team and the community new ideas will form and will form for the better of building the best blockchain for the common man and woman.
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