TAU - MOBILE MINING PLATFORM




INTRODUCTION TO TAU

TAU is a crypto coin project to
explore blockchain technologies
such as mobile phone mining,
Proof-of-Transaction consensus, IPFS and Defi DAO.

FEATURES OF TAU

- Android phone verifying
transactions (mining).
- Proof-of-Transaction, miners are
competing on accumulating
transactions to generate new
blocks and get transaction fees.
The more transactions you have
made, the higher chance you win
the mining. The longer the
transaction history, the more Total Consensus Strength the
network has.
- Easier for all miners and
beginners to get coins.
- Building on IPFS to resist IP
control

Foundation is working to provide:

1. Mobile mining wallet done
and upgrade.
2. IPFS block storage and
communication -in dev
3. Defi project "Long Crypto in
dev.


TAU'S Vision

Future will not only have one crypto currency. Each data generating applications, such as persons, machines or communities, will form up certain value and bear operating cost. These will be represented by circulating and mining on own types of coins. For example, an orange producing village in Africa uses a village coin to operate its sales and production eco-system without risk of external manipulation or internal inflation.

Data storage, computation and communication will be operated on many number of decentralized devices such as personal phones to reduce the central IT cost and increase the system reliability. People and organizations are using and mining numerous blockchains at the same time by sharing computing and network resources.


TAU OVERVIEW

TAU is a tree of blockchains with main chain coin called Taucoin. Branch chains will generate from genesis transactions on Taucoin ledger or other branches. Miners use android phone mining apps to easily store, verify and generate blockchains.


The consensus supporting TAU is Proof of Transactions, POT. It uses on-chain historical accumulated transactions to determine who can propose a new block on that branch.

Block reward only comes in the form of transaction fee. Each branch of blockchain uses own coins as transaction fee to reduce the cost. For every address, the probability of generating a new block is in linear proportion to its historical transaction. This sum is called mining power, an analogue to hash power in Bitcoin.

TAU uses IPFS, inter-planetary file system, to store transactions and blocks which are generated by addresses. IPFS pub/sub functions are used for nodes communications. IPFS Nodes named in the form of “QM…TAU” are sub-set of IPFS and give priority to

TAU blockchain communications.
TAU adopts programing architecture and style supporting mobile devices. Such as high fault tolerance, self-healing and low computing power consumptions are all used in this open-sources project.

Inspired by NXT, TAU uses similar methods to generate random number among mining address, to adjust block interval times and to handle temporary chain forks.
On a base level, TAU uses Bitcoin cryptographic technologies that have been proved reliable. These include public-key cryptography, digital signature and address-based transactions.

Like the spirit of USS Star Trek, TAU is a technology exploration to the frontier of blockchain. We will experimenting innovative ideas on branch blockchains such as full privacy, 2nd layer, swap and more.


Rewards

There are 3 types of mobile mining rewards:
• mining the block: once your generation signature satisfies the mining requirements.
You will get one third of the transaction fee in the block.
• transaction participants reward for sender: once your history transactions receivers make transaction in the future, you will get one third of the future transaction fee.

TAU COMMUNITY


Coins allocation
The total supply of TAUCoin is set at 2.1 billion. Each coin is divisible to two decimals.
All coins are generated in the genesis block. Of these, 82% will be distributed through faucet and bounty program. The remaining 18% is reserved for the TAU foundation team to support maintenance and development of TAU project.

Foundation reserve: 18%
Team, investment and security.

Bounty programs offer: 82%

- Promote community work and
crowd funding to support
development and distribution.

P2P Buy & Sell

We encourage p2p trade to
help more people get Taucoins.
Many wholehearted escrowers
are helping you to get STAR coins
in following telegram group

ROAD MAP





Long term economic effects

We expect some positive long term effect under POT mechanism. The first is that transactions of all kinds are promoted. In theory, fee of every transaction can be divided into two parts, normal fee and future investment. As a result, users are willing to make more transactions. Hoarding coins carries no reward at all and is thus discouraged. The second long term effect is wealth redistribution that favors the normal participants instead of “making the rich richer”. It is assumed normal participants make more normal transactions than the “rich”, when grouped sum is considered.


Get referral bonus

Anyone can start up by using
"referral link to make TAU Coins"

Check-out TAU coin, a novel proof of transaction consensus based crypto currency running on full mobile mining network! "
Click on the link below

https://www.taucoin.io/tau/account/login?referralURL=e30a535f4dcb9dab10e27d4559ef9e20e650c618bb8c1fdaa7b9808a2e41feae

Your venture could be telegram
group, gaming, youtube, article
writing, translation and
education. The more people you
bring to your network, the more
referral links you can promote to
earn taucoins. There is no limit
set for referral link bonus to
encourage entrepreneurship in
TAU community.

FOR MORE INFORMATION:

Website: https://www.taucoin.io/
Telegram: https://t.me/taucoinann
Whitepaper: https://www.taucoin.io/whitePaper/tauwp2.0.pdf
Facebook:
http://Facebook.com/taublockchain
Twitter: https://twitter.com/@tau_io
Medium: https://medium.com/tau-foundation
Reddit: https://www.reddit.com/r/Tau_coin/
Discord: https://discord.gg/g4bVyqQ

Author: Firehs010

Bitcointalk: https://bitcointalk.org/index.php?action=profile

TAU ADDRESS:
TRN1xTUpHV6HqCMGp88aoXQ2iGRL5yPjCt

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