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I have developed a new protocol, PON.

All Cryptocurrencies

by COINS NEWS 118 Views

Proof-of-Nudes (PoN) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of nudes in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes.

Proof of Nudes uses a manual validation of nudes to verify transactions, requiring a potential attacker to view more nudes than humanely possible. This incentivizes validators to view as many nudes as they like. PoN is more energy-efficient because people are already viewing nudes so it's a kill two birds with one stone kind of thing.

The first coin that will use this technology is called PERK. PERK can be mined by submitting your nudes to the validators. Validators will rank the nudes from 1-10 and after 20 validations are complete, the average rank will determine how many new coins are added to the blockchain and given to the miner.

For more information, you can find the White Paper here: https://tinyurl.com/3yt8xvpx

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