Hi, quick question. Is Fx blockchain gonna be proof of work? (PoW).
Thanks, can you mine fx coin?
Thanks, can you mine fx coin?
The Function X blockchain will use the proof of service concept (PoS)
Service providers are crucial in the whole f(x) Ecosystem, the problem of motivation/facilitation has become our priority. We have to align our interests with theirs.
Hence, we have set up a Tipping Jar (similar to mining) to motivate and facilitate the existing miners shift to the f(x) Ecosystem and become part of the infrastructure service provider or attract new players into our ecosystem. Income for service provider = Service fee (from
payer) + Tipping (from f(x) network generation)
The idea is that the f(x) blockchain will generate a certain amount of f(x) Coin (diminishing
annually) per second to different segments of a service provider, such as in the 1st year, the
f(x) blockchain will generate 3.5 f(x) Coin per second and it will be distributed among the
infrastructure service provider through the Proof of Service concept. Every service provider
such as infrastructure service providers, developers and financial service providers will
receive a ‘certificate’ of Proof of Service in the blockchain after providing the service and
redeeming the f(x) Coin.
Example: There are 3 IPFS providers in the market, and the total Tipping Jar for that
specific period is 1 million f(x) Coin. Party A contributes 1 TB; Party B contributes 3
TB and Party C contributes 6 TB. So, Party A will earn 1/10 * 1 million = 100k f(x)
Coin; Party B will earn 3/10 * 1 million = 300k f(x) Coin. Party C will earn 6/10 * 1
million = 600k f(x) Coin.
Hello, the functione x project is managed by pundi x team members?
Hey!
Function X was created by Pundi X Labs, therefore the team members who are part of Pundi X are also part of the Function X project.
Is the function x coin listed in any exchanges? When can we expect to see it listed in binance?
Yes, FX is listed in several exchanges such as; Bithumb Global, KuCoin, Hotbit and Bittrex.
As for listing on Binance, please pay attention to official news sources such as the Function X twitter: https://twitter.com/FUNCTIONX_IO
See more details about it here: https://www.coingecko.com/coins/fx-coin
Blockchain Internet? A joke? This is impossible to implement
Well, nothing is impossible if you've got the resources you need and I believe your opinion isn't valid since you haven't tried to create the Blockchain Internet yourself.
Feel free to check functionx.io & the github page
Gokhshtein has featured Function X President David Ben Kay in its August issue about his thoughts of growing talents, startups as well as the opportunities that Function X ecosystem will bring to both developers and users.
Read more https://twitter.com/davidgokhshtein/status/1163623163747610625?s=21