- What is And Coin ?
- Why does And Coin set energy saving as one of the goals?
- How is energy saving achieved?
- What is Andcoin-wallet?
- What is PoW ( Proof-of-Work)?
- What is Masternode?
- What does it take to run masternode?
- How does masternodes useful for cryptocoin investors?
What is And Coin ?
Why does And Coin set energy saving as one of the goals?
How is energy saving achieved?
For details, see the article - A network-dependent rewarding system: proof-of-mining.
What is And Coin wallet?
What is PoW (Proof-of-Work)?
The And Coin's proof-of-work (PoW) protocol, in addition to required computational works to be done to deter denial of service attacks, is also a network-dependent rewarding model system. The PoW rewards participants who solve complicated cryptographical questions not only to validate transactions but also to create new blocks and generate coins. The amount of coins generated are constantly monitored by the PoW protocol and tuned on the basis of an attraction-repulsion model: 1) incremental rewarding to stimulate network activities during passive mining phase, and 2) decremental rewarding to mitigate redundant mining sources during agressive mining phase. PoW can effectively govern the And Coin's network and limit it under a certain scale, enabling the general devices to be capable of mining And Coin. ++ For details - A network-dependent rewarding system: proof-of-mining.