proof-of-stake (PoS) and proof-of-work (PoW) by using a less electricity-intensive consensus mechanism. The network achieves Nakamoto consensus by combining proof-of-space (PoS) with proof-of-time, (PoT) which both function in distinct manners.
Proof-of-space requires miners to keep unused storage on their hard disk drives. In this scenario, miners install special software that allocates free space, which is then used to solve a challenge – similar to puzzle-solving in proof-of-work (PoW). The software stores a collection of cryptographic numbers on the miner's disk and, upon block creation, a challenge number from the previous block is taken. Miners scan their numbers to check if they have a number close to the challenge number that is required.
Tidecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. An open source global payment network, and fully decentralized without any central authorities.
Features of Post-Quantum security make Tidecoin a pontential replacement for Bitcoin. Tidecoin's new cryptography algorithm 'Falcon' is a lattice-based cryptography algorithm, based on the theoretical framework of Gentry, Peikert and Vaikuntanathan.
There is no efficient solving algorithm currently known in the general case, even with the help of quantum computers, because the underlying, difficult problem is the short integer solution problem (SIS) over NTRU lattices.
09/Dec/2020, "Photonic Quantum Computer Displays 'Supremacy' Over Supercomputers", a news' title from spectrum.ieee.org. It clearly shows that billions of value on the Bitcoin network is facing the threat of Quantum computers. It is time to build a Post-Quantum security cryptocurrency. Tidecoin aims to build a quantum secure cryptocurrency.
Proof-of-space requires miners to keep unused storage on their hard disk drives. In this scenario, miners install special software that allocates free space, which is then used to solve a challenge – similar to puzzle-solving in proof-of-work (PoW). The software stores a collection of cryptographic numbers on the miner's disk and, upon block creation, a challenge number from the previous block is taken. Miners scan their numbers to check if they have a number close to the challenge number that is required.
Tidecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. An open source global payment network, and fully decentralized without any central authorities.
Features of Post-Quantum security make Tidecoin a pontential replacement for Bitcoin. Tidecoin's new cryptography algorithm 'Falcon' is a lattice-based cryptography algorithm, based on the theoretical framework of Gentry, Peikert and Vaikuntanathan.
There is no efficient solving algorithm currently known in the general case, even with the help of quantum computers, because the underlying, difficult problem is the short integer solution problem (SIS) over NTRU lattices.
09/Dec/2020, "Photonic Quantum Computer Displays 'Supremacy' Over Supercomputers", a news' title from spectrum.ieee.org. It clearly shows that billions of value on the Bitcoin network is facing the threat of Quantum computers. It is time to build a Post-Quantum security cryptocurrency. Tidecoin aims to build a quantum secure cryptocurrency.