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Author Topic: Mineable ERC20 Token  (Read 206 times)
haskellCoder42 (OP)
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March 18, 2018, 06:08:15 AM
 #1

Lets say I create an ERC20 token contract which rewards miner of the transaction with the token.

If a pending transaction belongs to this ERC20 token, can the miner see to which token the transaction belongs and can he see that he will get  rewarded with some tokens if he choses that transaction?
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March 18, 2018, 08:03:52 PM
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I assume that you are talking about a token on the Ethereum blockchain and you would like to make some short of parallel transactions that are mineable instead of just having your token out there being transfered on the blockchain? For a transaction to occur you would need to mine it on the Ethereum blockchain and I think that you can reward the miner of that transaction with your token, but I am not sure if that is what you want.

It looks a bit complex, but it is most likely possible with smart contracts. Make sure you clearly define the "problem" to get a better answer.
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March 19, 2018, 01:02:49 AM
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I assume that you are talking about a token on the Ethereum blockchain and you would like to make some short of parallel transactions that are mineable instead of just having your token out there being transfered on the blockchain? For a transaction to occur you would need to mine it on the Ethereum blockchain and I think that you can reward the miner of that transaction with your token, but I am not sure if that is what you want.

It looks a bit complex, but it is most likely possible with smart contracts. Make sure you clearly define the "problem" to get a better answer.

Yes the token is on the Ethereum blockchain. I want to improve the transaction speed of that token. If someone sends the tokens to someone he has to wait for confirmation.

If a miner would see the pending transaction of the token and choses that transaction for the next block he wouldnt only get the block reward of 3 ether and the tx fees but also the tokens. So he has a reason to chose transactions with my token over other transactions. And a token holder maybe can even decrease the tx fees so transactions with my tokens could cost less. The tokens that will be sent to the miner are created at the moment of mining so that the total supply is increased.

So my question is:
Does that even make sense , can a miner even see that he would be rewarded with the tokens if he choses transactions with that token? How does a pending transaction for a miner look like, is it only a byte code so that he doesnt even know to which token the transaction belongs?
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