The immutable promise of block chain seems to be independent from any human interfere. However, this idea remains implausible in reality, when people invest in mining equipments to manipulate the public ledger and perform 51% attack on bitcoin cash and ETC.

Most of “proof of work” consensus such as bitcoin claims that the longest chain is truth no matter how human engages. When “work” become an investable result, people can interfere under the hood of “truth”.

When social media comes around, there is a mini history established by your friends and groups to record what is happening each day and verified by many related people. Thesedays we gives social media more creditability on history and current than news paper.

This provides block chain a possiblility to use social media to lock in milestones or finality to prevent history reorganization by attackers. This is particularly useful for proof of stake and proof of transaction consensus. They all suffer “weak subjectivity” problem, when people fake history to launch history re-organization. These consensus are using on chain information rather than off-chain physical resource to determine the truth of next block generator. Social media is effective to lock down history and prevent people change it. We know when a news happened and distributed on facebook, no body can revert it, and all efforts trying to revert will actually be recorded and remembered by friends.

Taucoin foundation will use social media channels such as facebook, twitter and mWallet to constantly publish hash result of blocks. So that when history re-organzation happens, community is able to find out which chain has proven history. During the same time and spirit, community can publish and verify “transparent forging” in social media to prevent double spending and find secrete chain.

Social media, an decentralzied news channel, will become a great infrastructure for blockchain security.

-by medium(dot)com/@davidwu_30530

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SUPERSKYNET EXPLAINED

SuperSkyNet is an intelligent collaboration system based on IOT, fog computing, block chaining and AI technology. The Internet has already become a part of our lives, as an extension of Internet technology, the Internet of Things is also rising rapidly. Now, there are more and more online devices around us, such as computers, mobile phones, routers, cameras, etc. are in a 24-hour online state. However, these online devices are still not fully interconnected and work together, the global online equipment resources are greatly wasted. So we put forward an intelligent cooperative system based on Internet of Things, fog computing, block chain, AI 

- SuperSkyNet Ecology System.
📌DAG-Decentration computing based on DAG

📌IOT-Based on Avalanche consensus protocol

📌TPS-High TPS and scalability

APPLICATION
📌Big DATA
SuperSkyNet uses not only personal computers and phones, but all the devices around us. These devices will generate a lot of data, which will be analyzed and modeled by the Super Computing System of Super Skynet with the help of fog computing technology, and generate a variety of applications that are convenient for people.

📌Traffic
Transportation dispatch, intelligent driving system urban development, traffic first, only to build a sound transportation system, can create a livable city. Super SkyNet can identify the congestion situation in the city very quickly through a large number of traffic data in the system, and solve the problem of long-term congestion in the city by releasing the details of congestion through Super Assistant, and automatically scheduling.

📌Prediction
For example, meteorological monitoring equipment connected to the super sky network can produce a large number of weather data, according to these data, we can make weather forecasts, automatic analysis and alarm.

📌GAME
Integrated blockchain game engine supports 2D/3D/HTML5 games.And the AR/VR has been applied in detail.SuperSkyNet handles game data very quickly, and in the future people can use mobile devices for real-life game interaction.

📌Artificial Intelligence
Data, computing power and algorithm are the foundation of AI. The data generated by the Internet of Things (IOT) is huge, and distributed super-computing system can be the guarantee of computing ability for AI applications. Therefore, based on Skynet system, we can develop a large number of AI applications based on DAPP.

📌DAPP
Developers now have the tools to quickly build applications for multiplayer games,video streaming sports, social media and sharing economies by using SuperSkyNet development tools.SuperSkyNet also includes smart contract templates for many common applications with the team adding more as the ecosystem grows. While there are many different features within the SDK, each has been optimized to run on the SuperSkyNet  mainchain.

Official site:
http://www.superskynet.io

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The New Blockchain consensus mechanism

👉Proof-Of-Transaction (POT) which solves the POW and POS problems.

At the heart of every blockchain system is a consensus model and a protocol that defines the way nodes agree on the order and validity of transactions. This is particularly important in public blockchains which are open to many attack vectors and use economic incentives and fee structures, to ensure misbehavior is not desirable for participants and full-scale attacks are not viable economically.

However, the search for the perfect consensus model is still ongoing. The two most common options are Proof of Work (POW), as used in Bitcoin, and Proof of Stake (POS), which was first used in Peercon.

Both models have their flaws, particularly since they both favor the wealthy, either through the amount of hardware required Proof-Of-Work (POW), or the funds accumulated Proof-Of-Stake (POS). Proof-Of-Work is also back drawn for its energy consumption, and Proof-Of-Stake directly encourages locking up vast amounts of cryptocurrencies instead of using them. Unlikely those, TAU attempts to change this with Proof-Of-Transaction (POT) by incentivizing circulation.

To as love the cryptocurrency problems which have been seen on POW and POS, TAU has come up with the following key features:

Taucoin Features:

Proof-Of-Transaction:- the more transactions, the more reward

Automatic Harvest Club Participation:- no work or knowledge required in joining a harvest club 

Instant harvesting reward share through “club wiring” 

Near Zero Cost Transaction Fees:- most of transaction fees are returned throughout the year.

One year to accumulate weight:- to prevent spam and speculation

Environmentally friendly consensus mechanism that is secure

Built 100% from our team (not a fork of an existing coin)

Test driven development process focused purely on technology first

First cryptocurrency to focus on the velocity of coin circulation

First cryptocurrency to give no advantage to hoarding 

First cryptocurrency to have near zero cost transactions in perpetuity.

Proof of Transactions

POT uses a sliding 365-day window and calculates the number of transactions executed in this window. This number is used as a weight for determining the likelihood of being chosen as a block producer. The actual process of determining the next block producer is a pseudo-random process, based on the algorithm used in NXT, one of the early POS of stake blockchains, weighted by the number of transactions.

The goal of this is making consensus fairer by incentivizing keeping coins in circulation, instead of favoring wealthy participants. The protocol natively supports harvest clubs, the equivalent of mining and staking pools. The feature allows addresses to delegate their transaction history to each other, accumulating weight in the consensus model and sharing proceeds.

Making transactions, meaning actually using cryptocurrencies, has long been identified as one of the keys to adoption. Holding cryptocurrencies for staking or as an investment might turn cryptocurrencies into interesting financial instruments, but does not fit the definition of digital currency. In this sense, TAU’s model of POT might actually be on to something and help adoption of cryptocurrencies as a method of payment.

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https://www.taucoin.io/account/login?referralURL=04acb93ca8564c018fb6a154990341e1fde80c16e0b5b632702821ac57101d23

TAU coin will be trade on the own exchange, starting 18th of October this year.

NB:
🏆Currently, Taucoin can be mined using Ubuntu OS (16.04 & 14.04 tested)

🏆Engineering underway, to make mining via mobile phones possible

Whitepaper link:  https://www.taucoin.io/whitePaper/TAU%20White%20Paper%20v0.1.pdf