Questions from Newsletter Subscribers:

What is Participation Coefficient?

The Participation Coefficient (Qp) is the key differentiating factor between PoQ and other algorithms. There is nothing wrong with the core idea of PoW, and PoQ is similar in principle, but Qp makes the algorithm much more advanced. One can think of Qp as a score system that determines the reputation or a rating (Credit Score) of your CryptoBank. One of the metrics used for the calculation of the Qp is the time spent mining. This is a return to one of the original Bitcoin principles – blockchain mining. Because the Qp is not reliant on wealth or computational power, but one the one true constant – time, PoQ is more egalitarian that other algorithms.
More information on the Participation Coefficient can be found in the DollarBit white paper www.dollarbit.org/white-paper.
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