Combination of Proof of Transaction With Mining In Mobile Phone As Main Idea of TAU Coin

Consensus Algorithms used in mining crypto currencies are still dominated by two consensus, Proof of Work and Proof of Stake. But the concept that has been developing is actually not limited to two, but there are some of them:

1. Proof of Work
2. Proof of Stake
3. Proof of Activity
4. Proof of Burn
5. Proof of Checkpoint
6. Proof of Capacity

Of the many consensus algorithms, there is a derivative of Proof of Stake, namely:

1. Proof of Stake Anonymous (PoSA)
2. Delegated Proof of Stake (DPoS)
3. Proof of Importance (POI)
4. Proof of Storage
5. Proof of Stake Time (PoST)
6. Proof of Stake Velocity (PoSV)

The above classification can be seen more clearly at the following link: https://steemit.com/cryptocurrency/@killjoy/the-different-proofs-of-crypto-currency.

There is one more recent consensus, Proof of Transaction, still not many people know the consensus of this algorithm. Proof of Transaction is now used by TAU coins and combined with mining on mobile phone to be the first concept introduced to the community.

As quoted from imorpheus article https://medium.com/@davidwu_30530/taucoin-proof-of-transaction-features-debate-and-bounty-for-12-months-ea74d4f88f60 , founder of TAU, an outline of Proof of Transaction is used on TAU coins with the following main idea:

• proof of transaction
• permission-less mobile mining
• the total consensus of the strenght is growing time as friend to fight 51% power attack

Hopefully with the birth of new things such as the incorporation of the main ideas on this TAU will bring a lot of goodness especially in the TAU community, the crypto world and generally to the wider community.

More on PoT and TAU coin can be found at this website: www.taucoin.io.