Yes I agree regarding blockstreet i wish it was on android crashes alot on my iphone.
I am weighing in on buying the 500k, dont want to be standing there saying i should of done so
Thanks for the great info and ultra fast response. I like this Node concept. Will it be minable\forgeable with mining hardware I have been mining BTC for almost 2 years now and would like to subsidize my BTC mining. Or is this strictly a cpu based thing?
You dont need any kind of powerful pc to forge. I'm forging by just having my client open in a laptop which i bought 2 years ago.
Anyway here u can check how PoA works.
How does PoA work, and what is different?
Node relies on an new mechanism for a secured an equitable forging process.
Because the current forging algorithms are not sufficient for ensuring a long term exploitation and have drawbacks we decided to innovate further.
We had the following prerogatives when elaborating PoA:
To motivate people to actively participate in the network development;
To encourage users to spend coins, facilitating the further distribution;
To reward those that give back to the network by maintaining their node active;
To increase democracy/fairness/egalitarianism/chances towards generating a block;
PoA stands for Proof of Activity, and its name expresses the way forging will be executed and forgers will be elected - by activity.
In this context activity is viewed as contribution towards the network, and the main indicators are:
Time and Spent Amount
Time
Each node’s active time will be recorded and calculated in seconds, since its last connection. This way a TimeHeight will be determined and used in the algorithm.
Spent Amount
Each extra coin spent will equivalate one unit of time, in this case 1 Node = 1 second. The Spent amount will be calculated within a day timeframe. Those extra units will be added to the timeheight to determine the actual Nodeheight = Timeheight + Units.
Procedure:
After syncing with the network, a node will become active, and will be able to generate blocks thus receiving rewards. After connecting to the network, the time of that connection will be recorded and constantly compared with other active nodes. As soon as a transaction is made, the network will be scouting the most active node by NodeHeight(by the longest activity + Nodes sent in the last 24h). When that node is identified it will be selected to generate the block, it will: send the intention, sign the block, validate , and consolidate it in the chain. After the generation the node’s NodeHeight is reseted. Time and 24h sent coin amount is calculated again, till the next positive generation call.
Source:
https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit?pli=1U can check whitepaper also in the link above to understand better what is NODE about.
