[ANN] TAU:The Active Unit | The First Proof-Of-Transaction Coin [POT]

[cryptowritedu]

The more the transactions the more the block rewards! I can't be left out on this

[genie854]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

Fast transaction is still under development. We believe it will be adopted elsewhere when our experiment is successful. As for consensus, POT can become popular when its economic promotion effect is realized.

[legendster]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

This is not an erc20 token. It's on it's own blockchain so I don't think it will "work" other cryptos.
Not sure what you meant by that to begin with.
Sure once an exchange implements a Taucoin wallet you can surely deposit your coins there and have a go at live trading that the exchange supports.

But you might see other cryptos adopting the same consensus mechanism, then you will see a greater compatibility among those cryptos - if that made sense.

[Parodium]

Nice project. Will be following for more details

Hey, it would be best to follow along on Telegram, as updates are posted there instantly.

Check us out https://t.me/taucoin

[Parodium]

The more the transactions the more the block rewards! I can't be left out on this

That's right, the more transactions your harvest club manages to accumulate, the greater your chance of discovering the next block and hence the higher your overall fee returns. It pays to transact in Tau, moving away from the antiquated 'hodl' mentality that damages the cryptocurrency industry.

[legendster]

Just a heads up.
Due to some personal reasons, I was not available to complete the Taucoin article that I was writing.

I am currently finishing it up with a couple more articles that I am writing, including one that is about EQL and it's new website launch.

I'll be posting them around at the same time by the end of this day or the next. Stay tuned

[bobthegrownup]

Big news coming up, don't say i never did anything for you. Make sure to be in the Telegram channel for when we announce.

[ngockhanh.vtv]

Any chance project team is making some sort of  interview with team members to boost an investor confidence and to share their vision of maecenas goals?

[bobthegrownup]

Any chance project team is making some sort of  interview with team members to boost an investor confidence and to share their vision of maecenas goals?

Dude if you are going to copy/paste messages at least update the project name. How are Maecenas goals going with that lol

[Parodium]

TAU is currently running a mini-bounty programme, participate now and earn yourself some TAU!

https://medium.com/tau-foundation/a-brief-overview-of-tau-86f5a449d447

Or if you already have a wallet, head over to https://www.taucoin.io/account/bounty to get started.

[ikealyou]

We also started a bitcointalk debate bounty for Proof of Transaction! The winner will get 1Mil TAU + $1000 worth of BTC!
Feel free to check it out HERE

[Parodium]

Nice project. Will be following for more details

Thanks for the enthusiasm 

Remember to check us out on Telegram at https://t.me/taucoin

[Parodium]

The block explorer is now operational! https://www.taucoin.io/block

We're also running a small bounty program, where you can earn some additional TAU for performing some basic tasks!

https://medium.com/tau-foundation/a-brief-overview-of-tau-86f5a449d447

[imorpheus]

The hope and risk of proof of transactions.
In seeking of most pervasive, indisputable and decentralized information to protect blockchain progressing, I found holders daily economical behavior, transactions through out history, is a good candidate. Transaction data takes most of size on the public ledger. Using majority blockchain information to protect its own security seems to be nature and logical. Its most efforts goes to protect itself. Transaction history to protect the blockchain future.
I am personally enlightened by POW, proof of work. However, applying following thought, I found a problem. When bitcoin network value hit trillion, some of G20 governments will not feel convenient. It is possible to use nuclear power plan to run ASIC rigs to form up 51% computing power in short period to make chain not able to grow. The root of this possibility is from two elements: one, hardware arms race favors G20, two, historical data does not contribute to the security. So that G20 can summit power in short time window to win the battle such as nuclear attack to region, quick and fast. The same situation is more vulnerable in POS, proof of stake. Governments can biologically secure the key stake holders using some top guns in the army. Holders can be forced to burn all the coins, which is going to waste the valuable blockchain token.
In proof of transaction situation, it is still possible but harder for government to build 51% attack. One needs build transactions dominance in one year time frame, this is not short time achievable event. Second is transactions are pervasively generated from holders all over the world disregard the coins holding amount, there is no way someone can capture 51% holders population.
This gives hope to proof of transaction family likely to be the ultimate base for decentralized blockchain consensus.
The risk of POT is also clear that if powerful entity coming to build up transaction numbers to gain more mining weight through long time. My proposal to resist it by auto block size and auto block generation time. I called it project iMorpheus, same as my medium ID. The general assumption is that when someone to build waste transactions, they want to spend low transaction fee then normal. When miners codes found transaction fee is lowering, then generation time will shrink to reduce the number of low cost transactions. This idea is still in nutshell, looking forward to debate.

[Parodium]

We just published a new article on the future of Cryptocurrencies!

https://medium.com/@taucoin/the-future-of-cryptocurrencies-9df6e10b0541

Check it out! Let us know if you have any comments or questions, and don't forget about our TAUcoin debate, where you have the chance to win $1,000 and 1M TAU!

💰💰 https://bitcointalk.org/index.php?topic=4907712.0 💰💰

[KnightRiderus]

Your articulation of security and fast transactions is epic. I have a question though is this platform going to work across other cryptocurrencies or just for Taucoins alone?

This is not an erc20 token. It's on it's own blockchain so I don't think it will "work" other cryptos.
Not sure what you meant by that to begin with.
Sure once an exchange implements a Taucoin wallet you can surely deposit your coins there and have a go at live trading that the exchange supports.

But you might see other cryptos adopting the same consensus mechanism, then you will see a greater compatibility among those cryptos - if that made sense.

many want to see something new and this algorithm can give them such an option. the question is how much such an algorithm can withstand attacks and how much it does without errors. otherwise after the first hacking the price will fall.

[bobthegrownup]

many want to see something new and this algorithm can give them such an option. the question is how much such an algorithm can withstand attacks and how much it does without errors. otherwise after the first hacking the price will fall.

if you think there is an attack threat, please let us know on our debate bounty -- you could win 1,000,000 TAU and $1000 BTC

https://bitcointalk.org/index.php?topic=4907712.0

[Parodium]

Are you ready to take the iMorpheus challenge? Our enigmatic founder believes that the Proof-of-Transaction consensus is;

• The most secure decentralized network
• The fairest decentralized network
• The most environmentally friendly decentralized network

Think you've got what it takes to challenges these views? Join the iMorpheus debate today and win 1Million TAU + $1,000 worth of BTC if you make the best counter argument!

For more details, see: https://medium.com/tau-foundation/the-taucoin-debate-bounty-5775a4396153

[freepellent]

Will users not gravitate to the Club with the highest Harvest Power?

[belechau]

HI, Team, Portuguese Members and all Community. The portuguese Thread and Whitepaper are now complete.

 

Dev, please check DM