I need to research more about tau, BUT does proof of transaction means that if an wallet X send Y coins to another wallet, Y stakes will be added to wallet X?
This could lead to problems like guy sending coins from wallet X to wallet Z and then from wallet Z to wallet X and then from wallet X to wallet Z and this goes on and on and on.... You problably tried to make some changes to stop this and other problems, but my question is:
Why not just make it proof of transactions fees, instead of proof of transactions? Its very close to proof of transaction and solves alot of problems.
As per proof of transaction is, you do not need to send those tx to wallets X, Y, Z. You can wire all the tx into your own wallet.
More tx you will have, more mining power and high chances to mine the next block with rewards.
The guys still have the same focus but many changes and upgrades have occured, its now called, their protocol, Perishable Proof Of Transaction (PPOT), that means, if you do not open your app for more than a month, your account will be forgotten. So check back in your wallet at least once or twice a month to forward your account lifespan, interesting!