Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] Bubbletone Blockchain in Telecom
by
BubbleTone_Support
on 21/03/2018, 23:25:44 UTC
Hey there! I do like the project! Question of mine is: What concept does your blockchain work upon. POW, POS or what?
We implement Proof of Importance (POI).
Proof of importance is a way of how the system ensures all computers in the network form a consensus.

Every account on a blockchain network is assigned an importance score.

This score will influence how individual users can “harvest” the blockchain. One could say harvesting on blockchain is almost the same as what miners do on the Bitcoin blockchain. The objective is to add people’s transactions to the blockchain, in exchange for a small financial reward. As people’s importance score grows higher, they will have a better chance at getting these rewards.

All the transactions are public domain. Proof of importance also provides onlookers a way to determine rating for the importance of individual accounts on the network and ensures the network remains decentralized at all times.