Public Receives Opportunity to Earn Block Rewards by Donating Computing Power to Scientific Research
The launch revealed bold plans to solve excessive energy consumption found in mining cryptocurrencies, while ordinary PC users provided an extra opportunity to receive big prizes.
Resistance says mining evidence for work is "diverted by large mining companies using vast amounts of energy to take control of the market," thus isolating regular consumers who can not afford it. 'include Bitcoin and other cryptocurrencies.
The company also stated that the electricity levels used were "lost in mathematical equations" instead of having a positive impact on humanity. As a result, Resistance seeks to overcome excessive energy consumption and energy imbalance within the mining community by suggesting a "radical concept" that is called research evidence.
Known as "PoR", research evidence allows everyone to give their computing power to scientific research projects, meaning that the spent electricity is devoted to the realisation of mathematical equations that deepen our understanding of real-life problems. To make cryptocurrencies more accessible, the public can be included without the need for specialised graphing process units (GPUs) or other hardware niches.
Explaining why he needs his solution, Resistance has published recent research published in Nature. The study has shown that Bitcoin activities spend more energy per year than Singapore as a whole. At the same time, the energy used to extract Ethereum corresponds to the annual use of Costa Rica.
As Cointelegraph reported in November last year, US scientists also found that three times more energy was needed to allocate one dollar to Bitcoin than to extract gold dollars - and more than four megajoules more than needed to extract copper at the same market value.
Resistance recognises that algorithms working during mining for validation of work (PDT) are valuable - as they help secure networks such as Bitcoin - but claim that this method requires updating.
The team said, "Today, miners are using a regular computer, they can not even hope to compete for the final prize. Instead, the process has been abducted by large-scale mining companies that have used a lot of energy to take control of the market.
Exhaustion of business evidence consumes a lot of energy through spraying algorithms that do not offer any benefits out of blockchains. "
Resistance claims that although PoW will continue to play its role in its "decentralised blockchain and focus on privacy," award rewards ensure that the equal blockbusting share of 30% is devoted to PdR.
Volunteers contributing to computer power through ProR have the opportunity to support scientific projects such as the World Grid, which is behind dozens of research projects on humanitarian challenges - including renewable energy, cancer, HIV / AIDS and Zika virus.
In a start-up, they claim to want to create a democratic atmosphere within their ecosystem. That's why all the scientific projects on his blockchain are listed on the white list before they become available to the users. Research on Alzheimer's Disease, Nanotechnology for Clean Water and Solar Energy are some of the projects that Resistance has so far supported, and users have the opportunity to decide exactly how they want to contribute to the platform.
Resistance hopes to cope with the "obscene" amount of energy currently being spent on extracting cryptography and make humanity "healthier, happier and more sustainable" - and executive director Anthony Khamsei will discuss the issue of cryptographic extraction of high energy consumption at the World Economic Forum in Davos later in January.