[ANN] TAU:The Active Unit | The First Proof-Of-Transaction Coin [POT]

[ANN] TAU:The Active Unit | The First Proof-Of-Transaction Coin [POT]

Specifications
Consensus Mechanism: Proof-of-Transaction (PoT)
Genesis Date: August 1st, 2018
Block Time: 1 minute Block Size: 1MB, future upgrade to auto-size depends on the bandwidthPossible transactions in 24h: minimum 5,760,000 depends on auto-sizeData directory size: 1440mb/d
Available/Total Supply: 10,000,000,000 TAU
Block Reward: transaction fees onlyTAU whitepaper: TBDTAU website: https://www.taucoin.ioTAU discussion thread: https://bitcointalk.org/index.php?topic=4685802TAU github page: https://github.com/Tau-CoinFeatures-Proof-Of-Transaction; the more transactions, the more reward-Automatic Harvest Club Participation; no work or knowledge required in joining a harvest club -Instant harvesting reward share through “club wiring” -Near Zero Cost Transaction Fees; most of transaction fees are returned throughout the year.-One year to accumulate weight; to prevent spam and speculation-Environmentally friendly consensus mechanism that is secure- Built 100% from our team (not a fork of an existing coin)- Test driven development process focused purely on technology first- First cryptocurrency to focus on the velocity of coin circulation- First cryptocurrency to give no advantage to hoarding - First cryptocurrency to have near zero cost transactions in perpetuity

TAU - founding teamVisionary Leader-iMorpheus: A guru in computer and fin-tech, series entrepreneur in many successful internet projects. He believes digital abundance will make world hundred times more wealthy and enjoyable. iMorpheus will lead the vision and core technology development. https://bitcointalk.org/index.php?action=profile;u=2294265Head Scientist-genie854: genie854 holds a PhD degree in mathematics. He has strong background in mathematical modelling and algorithm design. He has been interested in and working intensively on cryptocurrency and blockchain technologies. genie will be responsible for TAU's technical direction. https://bitcointalk.org/index.php?action=profile;u=2213015Head of Marketing – Zi Ren Teoh “aka” ikealyou: Youth representative, fashions brand related background, experienced NLP practitioner, online competitive gaming expert. He will be in charge of marketing and keeping the project hip with the youngsters.  https://bitcointalk.org/index.php?action=profile;u=2285902Strategic Advisor - Dean Pappas “aka” bobthegrownup: Series entrepreneur; Ex-Zeta Global. Over 10 years of experience building and developing teams in high growth startups. He will be advising on TAU team building and community. https://bitcointalk.org/index.php?action=profile;u=2172903Team expansion: We at TAU are passionate about this project and will continue to devote 100% of our time to the foundation. TAU’s mission is worthy of more team members and we are actively looking for help in our quest to ending wealth inequality. In preparation for our ICO, it will be very important to have a strong team to present to potential investors. We welcome all applicants that believe in our vision and want to be part of this for the long run.FAQFAQ 1. If transaction number is the weight to generate blocks, how do you prevent speculative transactions from being used to win? Weight is one year time accumulated on-chain transactions in a harvest club. The reward method is the transaction fee distributed to all historical transaction addresses in the club. The history will go back to 365 days; it shall make speculation and abuse costly and unprofitable. Th

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