PDF Publication Title:
Text from PDF Page: 245
for Proof-of-Work. In 2013 we saw the invention of an alternative to Proof-of-Work, called Proof-of-Stake, which forms the basis of many modern alt-coins. Proof-of-Stake is a system by which existing owners of a currency can “stake” currency as interest-bearing collateral. Somewhat like a Certificate of Deposit (CD), participants can reserve a portion of their currency holdings, while earning an investment return in the form of new currency (issued as interest payments) and transaction fees. Peercoin Peercoin was introduced in August of 2012 and is the first alt-coin to use a hybrid Proof- of-Work and Proof-of-Stake algorithm for issuance of new currency. • Block generation: 10 minutes • Total currency: No limit • Consensus algorithm: (Hybrid) Proof-of-Stake with initial Proof-of-Work • Market capitalization: $14 million USD in mid-2014 Myriad Myriad was introduced in February 2014 and is notable because it uses five different Proof-of-Work algorithms (SHA256d, Scrypt, Qubit, Skein or Myriad-Groestl) simul‐ taneously, with difficulty varying for each algorithm depending on miner participation. The intent is to make Myriad immune to ASIC specialization and centralization as well as much more resistant to consensus attacks, as multiple mining algorithms would have to be attacked simultaneously. • Block generation: 30 second average (2.5 minutes target per mining algorithm) • Total currency: 2 billion by 2024 • Consensus algorithm: Multi-Algorithm Proof-of-Work • Market capitalization: $120,000 USD in mid-2014 Blackcoin Blackcoin was introduced in February 2014 and uses a Proof-of-Stake consensus algo‐ rithm. It is also notable for the introduction of “multipools”, a type of mining pool that can switch between different alt-coins automatically, depending on profitability. • Block generation: 1 minute • Total currency: No limit • Consensus algorithm: Proof-of-Stake • Market capitalization: $3.7 million USD in mid-2014 226 | Chapter 9: Alternative Chains, Currencies, and ApplicationsPDF Image | Mastering Bitcoin
PDF Search Title:
Mastering BitcoinOriginal File Name Searched:
05db7df4f31840f0a873d6ea14dcc28d.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |