Public blockchain constitutes of distributed nodes and involves proof works of the nodes. The node who services the network may seek a reward. Proof of Work(PoW) and Proof of Stake(PoS) are generally being used as proof works on blockchain. It sounds natural that the nodes get higher rewards as they invest more resources into PoW and PoS system. However, more resources implies higher capital, thus the nodes get reward according to the amount of their capital investment. It may result in monopolization by specific person or group who can invest high capital in a blockchain network.
On the other hand, Starcro suggests a whole new type of proof works called PoX(Proof of eXpansion) for fairer rewards and minimization of maintenance costs. In PoX system, rewards are given to the node who contribute to the maintenance and expansion of the Starcro network.
Public blockchain requires numerous nodes for its maintenance. On Starcro, even if the nodes do not invest a penny, they can freely participate in PoX and get rewards. Even for higher rewards, Starcro does not require any capital. The only thing the nodes need to do is send their referral link to others and let them join Starcro. Starcro have been optimized the reward system on blockchain.
The referral system is the core of PoX. Therefore, you cannot join Starcro or be a PoX participant without referral link or referrer’s username. So if you just knew Starcro on press or any magazines, you may spend some time for googling to find any referrer and get their code, and this might be tiresome. However, imposing referral system was inevitable to give rewards depending on how much each PoX participant(node) has been worked to expand and disperse Starcro.
A PoX participant gets rewards according to the number of PoX participants linked as he/she referred to. This includes direct and indirect refers, and counts up to 12-level (or 11-bridge). The 12-level counting system was applied to limit the amount of rewards, which is different from PoW and PoS. On most blockchain network using PoW and PoS, the fixed amount of rewards has been distributed in some time periods, and the participants had to share the amount of rewards depending on the participating rate. Beyond considering the participating rate, Starcro devised a 12-level linkage system and limited linkers to 10,000 for fairer rewards. In comparison with PoW system, Starcro not only restricts issuance amount but also limits maximum hash power. This disables monopolization or attack by specific person or a group.
Starcro has worked out for easier access to the network, and optimized the rewards of numerous world-widely-dispersed nodes.
Congratulations @starcro! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You made your First Vote
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
I want to see the success of the coin "starcro coin.I have some coins.