#coldminting
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oricommunity · 4 years ago
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The SPOS within ORI
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ORI is the third consensus mechanism after POW and POS, SPOS (Supernode Proof-of-stake) is to provide a consensus-based community governance mechanism for the ORI community to continuously promote ORI’s technology development and ecological growth, dispute resolution, management of community assets, and encouragement for community members participating in the governance and contribution of the community.
In order to solve the problem of community decision-making and incentives for contributors, we combined the blockchain technology to propose the third consensus SPOS (Supernode Proof-Of-Stake). Under the SPOS mechanism, the block producer becomes a central node and together they form a polycentric system. The characteristic of the SPOS mechanism is that the system sets a fixed number of block producing nodes, and the nodes produce blocks in sequence, and the block producing time is fixed. With SPOS, a higher block generation speed and more efficiency can be obtained relative to the decentralized consensus mechanism.
With the rapid growth of the blockchain ecosystem, the desire of users must be satisfied through multi-functional applications and effective system mechanisms. Therefore, ORI has selected SPOS — Supernode Proof-of-stake as its core technology to lead the development of the community. Regardless of the security mechanism, development mechanism, system security, and technical aspects, it is very decent and sufficient to meet ORI entrepreneur’s development needs, and develop the blockchain ecosystem together with the super-node consensus mechanism members without restriction.
In this case, SPOS uses “cold minting” technology, which can be understood as the users can stake coins for mining in their own wallet by connecting to the super node, and does not need to transfer the coin to the super node. In terms of security, even if the super node is attacked by hackers, users can quickly lease their coins to the new super node, making it almost impossible for hackers to carry out 51% attacks. Subsequently, the “cold minting” technology highlights the way that ORI entrepreneur are good at leveraging assets, this is a more popular investment method in the cryptocurrency world. Under a secure mechanism, assets are backed for capital leverage, allowing original assets to increase in value, achieved the effect of multi-profit for one coin.
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wildsorcerer · 5 years ago
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all of my acoc playlists in one place bc im obsessed with organization
meant for the battlefield // jet rocks
meant for the sky // ruby rocks
queen of candia // caramelinda rocks
the archmage of lost sucrosia // saccharina frostwhip
coldmint // primsy/liam
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kpopfanficrecs · 8 years ago
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sensible reasoning
title: sensible reasoning author: coldmints fandom: got7 pairing(s): jackson/mark rating: pg length: two part oneshot (10,700>) summary: after making a list of all the possible reasons why he harbors a distinct hatred for his redheaded roommate, jackson realizes his reasons may lack just a bit of sense -- or maybe he doesn’t really hate him at all. au.
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