Similarity and Difference with Bitcoin
IoP is the official offshoot of Bitcoin.
Improvement occurs due to additional impositions on standard functions:
- The mining license has made this
crypto more secure for mining.
- mining stub protects the
revolutionary blockchain from unauthorized hacker attacks and introduces
- Deposit agreement – the
introduction of a system of vote accounting. This property has been available
for about a year.
The developers plan to follow innovations at the
blockchain level, creating a superstable system with the ability to mine the
Internet of people and using a wallet. In order to upgrade without risk to the
system, the current system is divided into three parts:
- issue server;
- token server;
- basic P2P network.
At the moment, you can make changes and search
with a full guarantee of protection against failures and unauthorized attacks
at all stages of storage and production of IOP.
Prospects for Internet of people
and mechanisms for obtaining coins
Random POS, filtered POW mining is the extraction
of coins without issuing new ones. This approach allows everyone to my Internet
Mining can be done by a user whose capabilities
meet such requirements.
- May represent 1 IoP token. A coin
is required for a transaction.
- Has the code of the participant of
mining 2016 blocks.
- His transaction includes the
so-called subscription fee for the right to mine.
- It has two addresses of the same
getter user for transactions.
- Confirm the key after the 2016
- Will hold POS 4032 more blocks in
- After mining block 2016, the miner
leaves the list.
The process of work and mining of kaolin is
completely dependent on a random choice and works according to a well-defined
- Coin flipping protocol facilitates
the calculation of choice. All participants are included in the list.
- POS filter works at 50%,
participants are eliminated by the principle of a random string.
- The first sweep is the exception
of half of the candidates who have less POS weight.
- The second sweep – a random line
removes another 10% from the game. In the process of this procedure, a list of
miners looms for the next block.
- The list is updated with the usual
calculation of a random string. The updated list becomes a list of promising
miners for the next block.
- The remaining participants enter
the fight only with PoW.
- Consensus provides for the signing
of a long chain block in order to confirm the reality of the digger.
The Profile Server has its own protocol and works
to provide some services:
- online audit of profiles;
- control over the opening of
- providing a call to the Service
Application in order to signal a readiness to exchange requests.
All Profile servers have economic benefits and
are not without goals of increasing the capitalization of Internet of people:
- environment server and network – a
convenient and high-quality location service;
- reputation server and network –
binding of individual profiles in order to increase confidentiality;
- emission server and network –
stimulation of the entire system.
The main points of mining IoP coins:
- start the mainnet node;
- be in the top of the rating;
- Become a member of POS.
IoP is a segment of an extensive project called
Fermat. This global concept is based on the idea of combining humanity and
the necessary decentralization with the real ability to change the course of
the Internet of people in a positive way.