TAU, the next generation of Blockchain system Network

Undoubtedly, cryptocurrency space has taken the world by storm. All over the world, everybody is searching for the best way including extraordinary applications to mine these currencies. While they have commenced to command some real value in the market, the great journey just began. More projects in the digital currency world will surely come up in future.

The cryptocurrency industry is no longer for the chosen nerds who have amazingly costly mining equipment. While some digital currencies, for example, Bitcoin require unique hardware to mine, others like Monero can be mined utilizing a basic CPU on your Android cell phone utilizing the correct application.

Furthermore, when many people come across digital currency mining, they imagine huge amount of incredible computers stacked in one store with a ton of in-built power supply to run the costly equipment. Yet, the crypto revolution has progressed, and for the serious cryptocurrency miners, mining can be simple and more accessible courtesy of the introduction of mobile smartphones.

In this article, we'll discuss about:
• What is the Blockchain?
• What is Crypto Mining?
• What is Taucoin?
• The problems of previous Blockchain
• Advantages of the mobile mining
• Key Development in TAU Platform
• Taucoin Details

What is Blockchain?
Blockchain was developed to serves as the public transaction ledger for digital currencies, with Bitcoin as the most popular progeny.

It's a technology that utilizes distributed databases and cryptography to record transactions in an ever-growing system of interlinked blocks all synchronized with the same data. Blockchain operate as a public, decentralized ledger that successfully stored transactions between two parties in a permanent and verifiable way.

What is Crypto Mining?
Mining is called mining since it is a process wherein volunteers contribute a lot of effort with the expectations of getting 'a gold coin’ in return of their work. It sounds good that most miners who wish to contribute to blockchains are in the game for rewards. The greatest worry for miners has often been the consistently increasing trouble of the computational puzzles involved in securing the blocks. It's hard to believe, but it's true; the more puzzles are solved, the difficulty of the next puzzles increases exponentially.

How Coin is Mine?
Whenever a transaction is made over a blockchain, the transaction data must be recorded and is in this manner put on a block.

This block needs security and encryption, and is available for anyone by of the contributing miners on the system.

To encrypt this block, miners must decode a cryptographic puzzles through a guess-and-check method so as to locate the correct cryptographic hash for the block. Miners commonly need huge rigs of reliable, application-specific equipment to really have a better chance at being the first to confirm and secure the block.

When a miner secures the block, the block is then added to the blockchain and must be confirmed by different nodes on the network, this process is called consensus.

If a miner luckily confirms and secures the block, the miner is rewarded with a newly generated coin. This manner of remuneration for work is called Proof of Work.

TAU OVERVIEW
The proposal of TAU isn’t just an original, but a unique consensus mechanism POT. It utilizes on-chain historical accumulated transactions to figure out who can propose a new block. Block creation in TAU is still called mining like Bitcoin, yet block reward just comes as transaction fee. TAU is a singular utility chain that funds wiring is the main thing supported; in this manner, transaction fee is the only source of income for miners. TAU block structure was designed to help mobile phone mining for decentralization. A sum of 10 billion coins is generated in the beginning block, while the objective is for every person to have a full TAU. For each address, the chance of generating a new block is actually in proportion to its recorded transaction. This entirety is called mining power, an analogue to hash power in Bitcoin.

FEATURES OF TAU PLATFORM

THE PROBLEMS OF THE PREVIOUS MINING MODEL
After the development of blockchain-based Bitcoin, different cryptocurrencies have been issued out to become part of our lives. Yet, the cryptocurrencies and the Blockchain network are having issue with maintaining the network because of their excessive power consumption and costly equipments, however, they are not satisfying the need of everybody for the role of cryptocurrencies. That is as a result of the high maintenance fee of the Blockchain system,which prompts the monopolization by a certain country and a few people with large capital.

ADVANTAGES OF THE NEW MINING MODEL (CRYPTO MOBILE MINING)
Purchasing a smartphone can bring down the cost of mining compared to the conventional method for mining where you need a lot of equipment worth a great fortune also the mind-boggling cost of power that is incurred. Likewise, it is imperative to consider the nature of data fees included in case you don't have access Wi-Fi and the energy consumed by the device. Keep in mind, your device should be changed always.

Be that as it may, when cell phones are compared with the conventional crypto mining, these devices are price-friendly and thus more lucrative. It’s obvious that it is impossible for miner to get the same number of altcoins mined utilizing powerful equipment.

The main advantage of mobile mining is that there are no major upfront costs to install the mining applications. Though some applications that enable users to mine cryptocurrency could come with few benefits, it's as yet hard to compare them and CPU and GPU mining rigs.

KEY DEVELOPMENT IN TAU PLATFORM
Some key changes in the wallet is to diminish the entry hindrance of mining by utilizing M, median transactions fee, as balance for mining. This had necessitated the release of the new moiling wallet. Moiling wallet is another product, TAU is fixing bugs along the community are utilizing it, with this, TAU have come about to keep high rewarding bonus for community to test out mobile mining. It is extremely an appreciated idea by all members. If you don't mind continue revealing the bugs through this this link.

TAU TOKEN DETAILS
The total supply of TAUCoin is set at 10 billion. All coins will be created in the beginning block. Of these, 82% will be distributed through faucet and bounty program. The remaining 18% is held for the TAU foundation team to help support maintenance and future development of TAU project.

LONG TERM ROADMAP

AMAZING TEAM BEHIND TAUCOIN

CONCLUSION
Undoubtedly, the crypto market is growing rapidly. We are probably going to see major advancements in mobile computing power as well as the usefulness of mobile mining applications. However, it is clear that mobile mining will soon match the conventional mining in the nearest future.

USEFUL LINKS TO TAU PROJECT
WEBSITE: https://www.taucoin.io/
TELEGRAM: https://t.me/taucoinann
WHITEPAPER: https://www.taucoin.io/whitePaper/tauwp2.0.pdf
FACEBOOK: http://Facebook.com/taublockchain
TWITTER: https://twitter.com/@tau_io
MEDIUM: https://medium.com/tau-foundation
REDDIT: https://www.reddit.com/r/Tau_coin/
DISCORD : https://discord.gg/g4bVyqQ

AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
Eth Address: 0xf8c20030A71708E73D58Ab3900629F17B8875da5