I find an article whether it is feasible, can produce consensus?
The content is quoted from
http://bbs.ifc123.net/thread-19385.htmThe author is yiluyouni
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POJ Security InfiniteCoin Wallet Development Plan Based on POW Mechanism
About POJ
POJ is a decentralized workload verification mechanism based on POW.Its essence is still calculated through POW mechanism.POJ only makes some restrictions on the basis of POW.
It mainly includes:
1. Packing must take more than 30 seconds, and all continuous blocks and competing blocks with less than 30 seconds cannot pass the verification.
2. Mining difficulty is reduced to a relatively fixed value, only a small amount of calculation is needed to calculate the results. For the entire infinite network, it not only increases efficiency, but also disperses the calculation power, so that all the participating nodes can get mining opportunities.
3. Identification of mining address to prevent continuous block production and regular block production.
4. Add global time synchronization to Greenwich time to make the error less than 30 seconds. If the time of individual mining node exceeds the limit, it will never be validated by other nodes.
5. Increase the determination of trust nodes. When some nodes do not follow the normal order of execution and produce blocks orderly, this node will be blocked by the whole network, and record IP address and mining address.
POJ converts 51% of the main attack points from computing power to the number of nodes.
POJ is not omnipotent, nor is it absolutely safe.Under the current full circulation, not only the POS and centralized DPOS which do not depend on the lock money can be achieved, but also the relatively safe and decentralized operation can be achieved.
Of course, POJ's development work is very heavy. The following is the preliminary development plan set by the Infinite Community Development Group.
Must be implemented in development:
1. Do not change the infinitecoin block data to ensure the integrity of the data. Since it is uncertain whether the loss of the private key results in the loss of the currency, no change will be made to the ownership of any currency.
2. Open source.
3. We must adhere to the decentralized operation mechanism.
Development code
1.9 mobius
Mobius Ring, the internal circulation mechanism of infinite coins, establishes the reward mechanism after full circulation.
2.0 justice
Proof Of Justice
Fairness, justice and integrity, infinitecoin will enter the stage of "all nodes are equal and everyone is equal".
Development plan
May 5, 2019
Raise funds, set up development teams, and the team members are familiar with the existing infinitecoin source code.
Planned recruitment:
Three main programmers develop 6 hours a day.
The tester is part-time, and carries out black-box test and white-box test on the wallet.
Give test suggestions when large-scale testing is required
May 20, 2019
The project was officially launched and entered the stage of development.
June 20, 2019
Conduct the first internal test
Modify the problems found
July 1, 2019
Conduct a second internal test
Modify the problems found
July 10, 2019
Conduct the first internal attack test
Adjustment of parameters
July 15, 2019
Recruit community developers for deployment and conduct three tests within the test network
Servers are required to be distributed over 16 nodes and above in all continents as far as possible. (USA, Germany, UK, Argentina, Netherlands, Spain, African countries, Beijing, Shanghai, Hong Kong, Taiwan, Shandong, Japan, Russia, etc.)
Resolve the problems that arise
August 1, 2019
Into the deployment node work, the initial deployment of 1000 units, including public and intranet. Over 300 public network deployments
At the same time, publicize users'use of new wallets, and set incentives to reward users who use and deploy new wallets.
15 August 2019
Cooperate with the Exchange to complete the replacement of the new wallet
0909:09 on September 09, 2019
Automatic handover of wallet to new mechanism
Entering the stage of full-node mining to prevent centralization of calculation
Solving the problem of excessive waste of energy
Thousands of nodes will play a greater role in the future development of infinite technology. The establishment of infinite network can meet the business needs of various kinds of internet, big data and distributed. This scheme is still in the process of demonstration and calculation.
After that, the development team will continue to add more new functions for infinite, please look forward to it!
Technology Development Fund
Voluntary Donation Address
iAivPzfPyAMpu5St6jLgoe28MLcamSDApz
This project is initiated by yiluyouni himself. If you have any questions, please do not participate.
Wallet Open Source Address:
https://github.com/withu2018/infinitecoin------------------------------------------------------------------
Ah, crazy, where did this article find out, incredible, the algorithm is a bad bad idea, this idea is vicious, if this goes on, it will lose the advantages of POW model, how can a high-quality currency do this to destroy the value of a high-quality currency, or hope the big coffee circle to explain it.
