Author Topic: [ANN] The WIENCHAIN Consensus Algorithm (Read 3189 times)

jennie7896 · « **on:** May 14, 2020, 09:10:13 AM »

I’m excited to announce a new cryptocurrency called Wienchain!

Wienchain is a hybrid consensus algorithm having both concepts of Proof-of-Work (PoW) and Proof-of-Service (PoSe) to solve the existing issues pertaining to security and decentralization with sustainability and scalability in mind. Block rewards are given to both PoW miners and PoSe owners through the Wienchain Masternode Network.
https://wienchain.com/wienchains-consensus-algorithm-explained/ [nofollow]

It helps entrepreneurs, freelancers, and startups to establish their business that needs funding. Anyone can pitch their ideas and ask for funds in the form of WIEN coins, then the community decides which one will receive funding.

▶️ EASY PROPOSAL SYSTEM
▶️ OPEN MASTERNODE VOTING
▶️ EASY ASSET ISSUANCE
▶️ POW & POSE CONSENSUS
▶️ X16Rv2 ASIC RESISTANCE
▶️ 1,000 TPS
▶️ 1 MIN BLOCK TIME

https://wienchain.com [nofollow]
#wienchainnews

Altcoins Talks - Cryptocurrency Forum · « **on:** May 14, 2020, 09:10:13 AM »

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Rosemaryy · « **Reply #1 on:** August 15, 2020, 11:01:26 AM »

Wienchain is an open business incubation and business ecosystem on Blockchain. It is designed as a low friction protocol that anyone can build. Entrepreneurs, freelancers, and teams can set up and run their businesses on Wienchain. Businesses are encouraged because they can participate in a public proposal and funding system. Anyone can present their idea and ask for money in WIEN money to make it happen, but they have to decide what to ask for and what to return.

Lillian · « **Reply #2 on:** August 15, 2020, 11:02:38 AM »

As the value, network circulation, and hash difficulty of Wienchain increase, users are rewarded with money through the PoW algorithm. As a result, as traditional mining becomes less rewarding over time, the evolution to PoSe increases resilience as the network's power requirements decrease significantly.

NihonShoki · « **Reply #3 on:** August 15, 2020, 11:07:33 AM »

All transactions made on Wienchain are recorded on a public ledger to ensure that users do not spend their holdings twice.

NihonShoki · « **Reply #4 on:** August 15, 2020, 11:08:46 AM »

Wienchain uses combined PoW and PoSe-based authentication methods to increase security and sustainability in the blockchain. Block rewards are awarded to both PoW Miners and PoSe holders through the Wien Masternode Network (WMN).

Jaephoenix · « **Reply #5 on:** August 15, 2020, 11:46:36 AM »

Wienchain may be a great project wit a good MVP, but I don't understand its team. They seem not to know how to drive the project forward. And their social media presence is so poor. I wonder how they are coping with the competition