Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [ANN] Amoveo blockchain [ Prediction Markets | Turing complete channels ]
by
goto2013
on 29/04/2018, 12:57:42 UTC
⭐ Merited by jadefalke (1)
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.


to increase the block reward sounds like a really good idea, if u want to destroy your own project zack ;-)

it destroys all the trust u build as the leader of this project. the community as growing since day 1 with this block reward, no need for a change...