TokenGo Consensus
TokenGo consensus utilizes an adapted and modified DPoP (Delegated Proof of Power) algorithm, which is based on the DPoS/PoW hybrid algorithm. Its specific features include the use of a special token, GoPower, which is the basis for determining minting-priority and voting power when electing delegates. When blocks are generated, the DPoP consensus suggests that the dependence on equipment power capacity and the stake in GoPower token ownership should be used simultaneously.
In the TokenGo blockchain network, blocks are produced in rounds, while the process of their creation is called “minting”. Miners/delegates engaged in building blocks will be referred to as Delegates in this paper. Delegates are responsible for two independent pro-cesses which are, however, logically interrelated: creation of a transaction block and verifiction of the received block into the man chain using electronic signature.
Thus, we can define three fundamental facts in favor of the DPoP consensus algorithm :
First : an incredibly high transaction rate in the network, which is achieved due to the Delegates’ capability to include suitable transactions in the structure of a block transferred for input, without waiting for the check of a half of all network nodes.
Second : democracy. Any community user who has at least 1 GoPower, has voting power and can take part in the management proportionally to the number of tokens he or she has.
Third : a high degree of manageability. There are mechanisms, which allow achieving consensus on all issues related to the network development and future.
Contemporary Capabilities of Tokens Related to Business Tokenization
Firstly : it is a powerful financial tool.
Secondly : it is a tool designed to control participants’ and investors’ behavior. Different purposes and applications of tokens, as well as an established reward system specified in the project WhitePaper are able to encourage most Community participants to take certain actions and to drive them to achieving the common goal.
Thirdly : as analysis and practice have shown, not only business models but also separate business processes can be subject to tokenization which allows introducing an additional financial component into them.
Monetizing the TokenGo Platform
The principle of the TokenGo platform monetization is simple and clear. The basic platform services will always be free of charge for an unlimited number of people including individuals and legal entities. Chargeable services will be provided on a one-time basis or by subscription.
The TokenGo platform will charge a commission fee in the amount of 3% of ICO campaigns raising funds in GOC. The commission fee will be transferred to the TokenGo account after the campaign is successfully completed. The money will be invested in the platform maintenance and development.
The platform will charge a fee for additional services provided by the platform such as web-design, creation of customized landing pages, development of DDoS protection and data security solutions, etc. In most cases, this will be cryptocurrency outsourcing on a mutually beneficial basis.
Team of TokenGo
For More Information about TokenGo :
Website : https://tokengoplatform.com/
Whitepaper : https://tokengoplatform.co/pdf/tokengo_whitepaper_EN.pdf
Facebook : https://www.facebook.com/tokengoplatform/
Twitter : https://twitter.com/Token_Go
Telegram: https://t.me/TokenGo_EN
Comments
Post a Comment