-DollarBit (Bitcoin 3.0) PoQ algorithm-

[DollarBit]

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

More information coming soon...

/thx/

#it_hamilton

www.dollarbit.org

[Verethraghna]

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

More information coming soon...

/thx/

#it_hamilton

www.dollarbit.org

Your POQ sounds more like currently existed POS(Proof of Stake), can you give an example how your POQ differ from a POS?

[DollarBit]

Hi, Verethraghna.

As you know, POS is based on stakes, meaning that the creators of the blocks are chosen based on their wealth. POQ does not take wealth into account when choosing the creator of a new block. Consider it an advanced version of POW, rather than POS, as the determination method is vastly different.

/thx/

#it_hamilton

[yume91]

Can I mine it ?

[hurr1cane]

hi, do have wallet to mine with and pool??  please release win64 compiled

[coin8coin]

keep watching on this, when will release the wallet and pool ?? or something Qp system ?

[0ghostleader0]

im watching this,hope more details

[sxafir]

How is poq working?

[ImHash]

Keep on watching you noobs I wanna know how does an advanced POW algorithm works, OP if your algorithm is not taking into the account the wealth of participants and if it is not requiring much of mining power, What do we have to do and with what kind of hardware to mine this coin?

[JWKY]

Interesting PoQ, new and I not yet saw on any coin
let wait and see how DollarBit doing

[dafuqss]

Proudly made with : https://www.cryptocoincreator.com/ 

[BTCdoaA]

PoQ interesting new concept ,reserved and watching for more information ? when exactly  ?

[monsanto]

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

PoQ & the Participation Coefficient (Qp) sounds a little like NEM's proof-of-importance. IIRC it incorporates a metric based on transactions on the network.

[DollarBit]

Can I mine it ?

yes, you can

/thx/
#it_hamilton
www.dollarbit.org

[dafuqss]

Can I mine it ?

yes, you can

/thx/
#it_hamilton
www.dollarbit.org

When?

[DollarBit]

hi, do have wallet to mine with and pool??  please release win64 compiled

Yes. In DollarBit blockchain, wallet is called "CryptoBank", because the main priority of DollarBit project is on secure, anonymous cryptocurrency storage.
DBIT CryptoBank has two mining options--individual and pool. Introduction of the Qp incentivizes active mining and continuous involvement in the blockchain.

/thx/

#it_franklin
www.dollarbit.org

[dafuqss]

When can we expect wallet release, roadmap, and more updates?

[DollarBit]

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

PoQ & the Participation Coefficient (Qp) sounds a little like NEM's proof-of-importance. IIRC it incorporates a metric based on transactions on the network.

you are correct that PoQ is a "little like Nem's proof-of-importance". however, PoQ is an evolution of PoW, while PoI is more like PoS.

/thx/

#it_hamilton
www.dollarbit.org

[J@soN]

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

More information coming soon...

/thx/

#it_hamilton

www.dollarbit.org

Ok let me guess this is ico right? I hope i'm wrong, how to get some of this coin then?
ICO, mining, airdrop?

[DollarBit]

PoQ interesting new concept ,reserved and watching for more information ? when exactly  ?

subscribe for updates on our website www.dollarbit.org and follow us on twitter.com/dollar_bit for latest information.

/thx/

#it_hamilton

www.dollarbit.org