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Adzcoin features that can make adzcoin more valuable. .

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  • Adzcoin features that can make adzcoin more valuable. .

    We all know how valuable adzcoin on adzbuzz but how about some features on adzcoin itself that can make more valuable.
    Fyi i also made suggestion to making adzbuzz better check it out there= https://forum.adzbuzz.com/forum/main...-up-and-beyond
    1. We keep mining but we add a masternode
    masternodes are the act of locking up your coins(a huge amount) to earn adzcoins. Nodes help increase the security of the blockchain. MAsternodes have more say for the invested money into the system too...
    this gives more power to nodes . Masternodes can also enforce instant transactions. The huge coin locking decrease the coin trading supply preventing them from being sold. Why sell when you can earn more. This decrease trading supply while still allowing mining to go on.
    Adzbuzz can make for Masternodes a online masternode pool host. Basically adzbuzz hosts the master nodes and takes a cut from each payout(a cut enough to make it profitable) It will be like the old dfy system. People want their adzcoin gain more but some do not want to burn so a good system for them.
    2. Another option is to use POS instead.
    POS mint coin so in one way you can say adzcoin are increasing but you have too look at the whole picture. While POW uses a machine to solve numbers it produces new coins. POS locks in coins and produces new coins at a slower rate(well in theory depending on interest rates). And due to human nature of wanting to earn more they reinvest by staking those coins as well to earn even more This is why pos is kinda loved. Produces blocks in earth friendly way check. Give faster transactions check. Reduce trading supply check. Another benefit of POS is that fact no random mining farm can come up and get adzcoin and dump them. You have to buy adzcoin in order to mint them in POS
    And POS lets a more lucrative business model than the master node hosting idea.
    POS could be used to make an online staking wallet. This will be like the old dfy system. People want their adzcoin gain more but some do not want to burn,
    Pos staking wallet= Adzbuzz stakes coins and uses adzcoin from other users to increase rewards. Adzbuzz takes a fee out of the earnings
    Another benefit is that adzbuzz can also stake new coin 24/7 instead of the plan to buy mining machines which is more expensive.
    3. Keep mining by using a POS+POW hybrid. It has all the benefits of POS and has mining as a back up and makes 51%attack much harder.

    a brief idea of POW and POS hybrid is It means that, people can choose whether they want to mine using GPU or CPU (Proof of Work), or Staking it by letting their wallet unlocked and act as a node/verifier (Proof of Stake).

    This is quite cool because cryptocurrency that is purely using PoW algorithm can become somewhat centralized, with miner hold so much power they practically able to monopolize future consensus (Just like bitcoin with its BU vs Core drama). Meanwhile the issue with PoS is, early adopter of the coin, especially the one with large balance may/will (depending on where coins are stored and if they are active) gain proof of stake rewards more than the others, discouraging new people to earn rewards via staking. With hybrid PoW and PoS system, the goal is to solve both problems and have balance between miners and staker/voter. Another advantage of using hybrid Proof of Work and Proof of Stake is, it is nearly impossible to get 51% network attack. So 51% network attack is an attack targeted to a blockchain. This attack is usually done by miner or group of miners that is controlling 50% of network's mining hashrate. With successful 51% attack, the attacker will be able to halt transaction confirmations, reverse completed transactions and theoretically able to double-spend the coins. This type of attack usually happens to new coin with low network hashrate. A couple of coins have suffered 51% attack in the past. Shift, Krypton, HTML5, and WildBeastBlock are examples. With PoW and PoS hybrid, unless someone had majority of PoW hash rate AND majority of PoS rate nearly impossible to be attacked. With hybrid system, attack on PoW block will cause the chain to re-target, resulting only temporary control of the block. But not full control since POS is still working. Meanwhile, attack on PoS block will require astronomical amount of money. With this system, coins are way more secure to 51% network attack than other coins that using purely PoW/PoS consensus.


    Yes Jens i know you will say adzcoin justs need more miners to become faster. But what i am saying POS has more benefits than speed itself it can also increase the price.

    I hope my suggestion were good and be implemented one day. See ya....

  • #2
    yup! may be its time adzcoin is being far to low and the implemented tweaks did not effect the price even 11mil adzcoin is burned the price of adzcoin did not go up but going down

    Comment


    • #3
      Yeah, there must be something done.
      ADZcoin became 363 ranked coin on coinmarketcap which shows something is really wrong.
      We keep on 2k $ per day on maximum which is bad sign if your hopes are 1$ per coin at least.
      There must be something on this or we'll just keep at this place.
      The next month is decisive imo

      Comment


      • #4
        how can we attract if we cant compete

        Comment


        • #5
          Best to wait and see how the market value goes after the white paper is finalised and all the other features are added ie tifo, titan, and everything else which will bring in the necessary people. You also need to remember there's still a buy-back prog which will continue, and a vast promotional campaign which of course will be aimed at football fans and others.

          Comment


          • tataramon
            tataramon commented
            Editing a comment
            it will also take time for that its not instant to attract football fans in just few days after launch

        • #6
          we need to take action before its too late

          Comment


          • #7
            Originally posted by storyteller View Post
            Best to wait and see how the market value goes after the white paper is finalised and all the other features are added ie tifo, titan, and everything else which will bring in the necessary people. You also need to remember there's still a buy-back prog which will continue, and a vast promotional campaign which of course will be aimed at football fans and others.
            Hence why i said adzbuzz itself will be the major price driver but small features like this can increase adzcoin prices too

            Comment


            • #8
              Originally posted by tataramon View Post
              we need to take action before its too late
              well said

              Comment


              • #9
                Originally posted by andrazpezdirc View Post
                Yeah, there must be something done.
                ADZcoin became 363 ranked coin on coinmarketcap which shows something is really wrong.
                We keep on 2k $ per day on maximum which is bad sign if your hopes are 1$ per coin at least.
                There must be something on this or we'll just keep at this place.
                The next month is decisive imo

                Hence why my idea can speed up the process more quickly in the tech side. So Jens please consider these features
                Last edited by ahsanulkhan; 10-01-2017, 11:05 PM.

                Comment


                • #10
                  1. We have spent months to build our profit share system, we can't just change it to your idea of a masternode.
                  2. We can't change the coin, it is programmed for pow. Doing a swap is not something we are looking forward to.

                  I appreciate your thoughts but I fear they are simply not realistic with the way things are setup and we best focus on growing our business and set up some mining rigs to get the blockchain stable.
                  Welcome To The ADZbuzz Project!

                  Become A Gold Member Today

                  Comment


                  • ahsanulkhan
                    ahsanulkhan commented
                    Editing a comment
                    Jens number 2 is valid reason but number 1 makes no sense. You do not have to do anything. Masternodes share rewards from block rewards. Exp. Masternodes lock in 10K coins. Their a 25 adzcoin block reward. 23 by miner 2 for nodes. So in not a profit share system. Masternodes increase coin value by alot. And having just a masternodes bring more interest to the project. It will probably take a hard fork of the coin not a coin swap. Due to the fact it just just add master nodes nodes exp dash.

                • #11
                  sad to see if this is funny XD

                  Comment


                  • #12
                    Originally posted by tataramon View Post
                    sad to see if this is funny XD
                    Still is "far" to the ground...
                    Click image for larger version

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                    ahsanulkhan im with you but from where you got 25 adz block reward in your comment to Jens?
                    Attached Files

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                    • #13
                      Originally posted by andhum View Post

                      Still is "far" to the ground...
                      Click image for larger version  Name:	2017-10-10_220532.jpg Views:	2 Size:	102.4 KB ID:	9789




                      ahsanulkhan im with you but from where you got 25 adz block reward in your comment to Jens?
                      Opps...Wrong numbers....i think i was looking at another coin before...
                      Better Exp. Masternodes lock in 10K coins. Their a 40 adzcoin block reward. 35 by miner 5 for nodes. So in not a profit share system. Masternodes increase coin value by alot. And having just a masternodes bring more interest to the project. It will probably take a hard fork of the coin not a coin swap. Due to the fact it just just add master nodes nodes exp dash.
                      Last edited by ahsanulkhan; 10-11-2017, 01:49 AM.

                      Comment


                      • andhum
                        andhum commented
                        Editing a comment
                        thats correct
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