General introductionTaurCoin is a decentralized digital currency that allows any two willing parties to conduct transactions anywhere around the world. Considering the fact that money represents the resources or property of a certain person which can be accepted as a form of payment for goods or services in a certain economy, Taurn doesen’t rely on a central authority to be issued, but on cryptography as a means of creating and transfering money.
The security measures involved in making TaurCoin transactions and issuing the currency are carried out collectively by the network. There are three pillars which guarantee the verification and completion of the payments: public-key cryptography, peer-to-peer networking and proof-of-work. TaurCoin is transferred from one user’s address to another’s and each transaction is broadcast to the network and inserted in the blockchain so there is a record of the included taurcoins. This operation makes sure that the currency isn’t spent twice. Every transaction is timestamped by the processing power that extends the blockchain continuously. The great advantage of using the TaurCoin payment network is that it’s an extremely fast and relyable payment network that can be used by anyone.
Taurcoin – advantages
There are quite a few properties of TaurCoin that make using it as a form of payment or investing in it worthwhile.
The first one is privacy. Inside the TaurCoin network people can transact without having to divulge who they are in the real world. In some ways this is similar with what happens when we use cash money to pay for an item or service, you don’t have to provide any details about your identity. When you use a credit card or paypal things, as we know, are quite different.
A second advantage of TaurCoin is that it is opened. Anyone who has an internet connection has the ability to make a TaurCoin transaction. All the mechanics of that transaction will be transparent to the users and all the users need to concern themselves with is the value they have and the value they need to spend.
A third advantage of TaurCoin is the fact that, unlike a credit card, it can be used by a person that does not have a bank account. Even if this might be surprising, the number of people that don’t have a bank account, event in first world countries, is still quite high.
A fourth property of TaurCoin that I want to mention is the fact that it is decentralized. There is no government or bank that can control what is going to happen next in the TaurCoin network. The benefit of that consists the fact that no third party can directly control the value supply of taurcoins. The decentralized aspect of TaurCoin means that instead of third parties, banks for example, validating the transaction, the validating is done by the other parties involved in the TaurCoin network
TaurCoins Specs Coin Algorithm Scrypt : POW
Coin Abbreviation : TAR
Maximum Coin Supply : 200 Million
Coin base maturity : 100 blocks
Total PoW block : 4280 at present
PoW block reward : 10
Taurcoin WalletDownload Wallet
Download TaurCoin wallet to receive, store and send coin. This wallet also allows coin mining.
Explorer:
http://185.154.16.14:3001Github -official link:https://github.com/taurcoin/coinOfficial website for trade taurcoin
Blockchain technologyBlockchain uses cryptography to keep exchanges secure and provides a decentralized database, a “digital ledger”, of transactions that everyone present in the network can see. Basicaly this network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded.
From the developers point of view, the blockchain concept is a paradigm shift in how engineers will design software applications in the future. This is one of the key concepts that needs to be well understood. There are five key concepts that we need to understand. We need to know how they interrelate to one another in the context of this new computing paradigm that is evolving in front of our eyes: the blockchain, decentralized consensus, smart contracts, trusted computing and proof of work. This paradigm is a catalyst for the design of decentralized applications, the next step in the evolution from distributed computing architectural constructs.
In the future there is going to be important to develop new decentralized applications as a way to enable the decentralized world that we are moving toward.
Blockchain uses cryptography to keep exchanges secure and provides a decentralized database, a “digital ledger”, of transactions that everyone present in the network can see. Basicaly this network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded.
In the case of TaurCoin, blockchain stores the details of every transaction of the cryptocurrency, and the technology stops the same taurcoin being spent more than once. A blockchain is basically a transaction database shared by all nodes participating in a system based on the Taurcoin protocol.
Proof of workWhat proof of work basically represents is data wich is very costly and time consuming to produce, but once produced, very easy for others to verify and confirm it satisfies certain requirements.
A proof-of-work system is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer
Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated. Taurcoin uses the Hashcash proof of work system. This system uses partial hash inversions to prove that work was done, as a good-will token to send an email.
Hashcash proofs of work, in the case of TaurCoin, are used for block generation. If a block needs to be accepted by network participants, miners must complet a proof of work wich covers all the data in that block.
In order for a block to be valid, the block has to hash to a value less than the current target. What this means is that each block shows the work needed so that it could be generated. As we know, in blockchain technology, each block contains the hash of its predecessor wich means that each block contains a chain of blocks that together sum up to a larga amount of work. Because of this, changing a block involves regenerating all of its successors.
Us, at TaurCoin, are trying our best to simplify things for our users.
This is why, using advance technology, we made it possible to mine TaurCoin directly from your personal wallet.
How can you do that?!
Well, that’s the beauty of it. All you have to do is to access your wallet and leave it opened. We will use the power of your computer’s CPU to automatically mine TaurCoin.
Depending on your CPU computing power you will be able to mine faster and more efficiently
Mining a TaurCoin block ofers a total of 150 coins. These coins will be automatically sent to the miners involved, each miner receiving the percentage he or her is responsible for.
ICO ICO Listed athttps://www.ico-list.com/ http://icocoins.com/?ico-ongoing.htm Roadmap:More about TaurCoin
