Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW+PoS+ERC20] PoWAdv mineable ethereum Token!
by
leeroy.coindeal
on 23/03/2018, 19:43:47 UTC
Why can the ECR20 project still be excavated? Can someone explain it to me?

There are already several such projects. This one, for example - 0xBitcoin:
https://medium.com/@admazzola/the-case-for-the-mineable-erc20-token-78cbb4c34331

Edit: here is a concept outlined: https://lightrains.com/blogs/how-to-create-mineable-erc20-tokens

Our project inspired by 0xBitcoin, but we cannot be aggree with the concept that peoples should waste electricity and run huge mining capacity for mining. With POWA we changed the mining method, which more likely based on Token Holding than pure computation power.

Mining capacity = Computation power * Block Holding^2.  (1 Block = 250 Token)

that still means that you centralize your token to the miners. whoever is in early and mines most, will actually benefit disproportionately.

i was waiting for another mineable erc-20. i have big hopes.

Mining cannot be centralized, unless anyone can join for it. Just think about it, where is the difference if someone got 10 High-end GPU or Hold 10.000 Token. The only difference GPUs are using electricity.