Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Amoveo blockchain [ Prediction Markets | Turing complete channels ]
by
zack-aeternity
on 29/04/2018, 12:04:07 UTC
Is this supposed to be a release or something? Mainnet launch? Nah can't be that, that web based miner has been active for months

Says on the page that main net launched on March 2, 2018. Ninja mine? And SHA256 for a new coin? It's going to be susceptible to attack.

We announced Amoveo on many other platforms.
Amoveo has a governance mechanism to change the block reward. If many new users join at once, then it would make sense for us to increase the block reward, that way we don't over-reward the early participants. This prevents the "ninja mine" problem you mention.

It is not compatible with Bitcoin miners.
Amoveo use single SHA256, and the header is smaler. overall, the Amoveo mining algorithm is about 4x shorter than the Bitcoin mining algorithm.