Ninjastic
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Board Tokens (Altcoins)
Re: [ANN] KStarCoin - Blockchain for K-Pop Concert & Incentivised Hallyu Community
by
Cloud4Y
on 26/11/2018, 17:19:43 UTC
Quote from: singeorange77 on November 26, 2018, 05:14:27 PM
Quote from: Cloud4Y on November 26, 2018, 04:54:01 PM
Quote from: singeorange77 on November 26, 2018, 04:38:27 PM
What is the architecture of your blockchain? Can I mine your tokens?
No, we do not use a system that requires mining. The current structure of major blockchains and its reward systems have proven that nodes are not operated in “good faith” and ultimately major players that own bigger shares of the pie will control the trend. Ethereum’s POS structure and DPOS structures such as Steem and EOS may face bigger issues of concentration of power and wealth due to the fact that decisions are made on the basis of accumulation of stake. If nodes could operate and reach a consensus without the incentivization of wealth, it will have a major benefit.
But if you do not make a platform based on ethereum of the blockchain or other popular systems, then how are you going to work?
Together with our partners we agreed on the creation of the SOBLO consortium. Our proposed consortium is different due to the fact that it is not specified to one field or industry and is open to any category of business. We will allow members to issue tokens on top of our platform. The consortium will have similar token agreements and regulations to ERC20 and will also have DApp agreements. By complying with the token agreement as well as the DApp agreement, the DApp operators will be able to give authorization for other tokens to be used on the DApp. Simply put, users will be able to use any token built on the platform on the DApps inside the consortium.