Hotbit and CITEX exchanges formally joined the POW Consensus Alliance

    According to the latest news from the POW Consensus Alliance, the exchanges from South Korea (www.citex.co.kr) and the exchanges from Estonia (www.hotbit.io) formally joined the POW Consensus Alliance today. Currently, the POW Consensus Alliance official website has been updated. Home exchange information.
        The two exchanges currently have more POW currencies, and they have much in common with the POW Consensus Alliance in the development and consensus of the POW currency. The POW Consensus Alliance was established in December 2018. It was widely watched by the industry at the time of its establishment. A large number of media forwarded relevant information and received strong support from the non-small BQI community.
        Since the establishment of the alliance, it has joined forces with SUQA, PGN, TRTL, BEET, TERA and many other high-quality currencies. Currently, it is actively exploring more high-quality currencies. In the current industry downturn, the POW Consensus Alliance is constantly accumulating strength and constantly developing itself. At present, the joining of the two exchanges will undoubtedly attract more attention from the industry and expand their influence to some extent. At present, it seems that the arrival of the big market still needs time. Under the current circumstances, it is undoubtedly a task for the exchange to do basic work, accumulate users and explore high-quality currencies. Returning to the original intention and vigorously developing high-quality money based on workload proof, I believe that more and more people in the industry will join the ranks. We also look forward to more domestic and overseas exchanges joining the POW Consensus Alliance.
        POW Consensus Alliance official website: http://powunion.com/exchange.html

Author 2019-3-6

The following questions about the POW for the beam project

Several questions about BEAM
The recent emergence of the new currency BEAM has received a lot of attention from the currency circle since the project was released. The POW Consensus Alliance is based on the original intention of discovering and launching high-quality POW currencies. Through the efforts of technicians, several exchanges have already or will be online. After the on-line BEAM transaction, the POW Consensus Alliance found that some problems hindered the development of BEAM, as follows:
1. The project party recently compiled and released a new version of the wallet. After updating the wallet agreement, the updated source code was not released. It is now impossible to compile the server wallet from the source code. The old wallet cannot accept the recharge of the new wallet because it is different from the new version of the wallet.
2, the new source code is not released, the previous source code compiled wallet will not be used, currently only the project can be used, the public chain has almost become a private chain.
3. Due to the anonymity of BEAM, the block browser can not find out the detailed records of each block. It is impossible to know whether the project party has set pre-excavation, and whether the project party can provide relevant certificates without pre-excavation.
4. At present, most of the BEAM exchanges can only use manual recharge or use decimal places as the basis for accounting. The exchanges on the day of the public chain release BEAM can be recharged regularly. The old and new wallets are not compatible. At present, most exchanges are unable to recharge, and the exchanges on the day when the public chain is released will still be able to recharge normally.
5. When the wallet is transferred to the currency, only the wallet can be online at the same time. As far as the current development is concerned, there are many inconveniences in the use method, and the project side can consider optimization.
6, the same currency, new and old wallets are not compatible, we look forward to quickly solve this problem.
After the establishment of the POW Alliance, we have been working hard to discover, launch, and promote high-quality POW currencies. We hope to contribute to the development of the POW currency in the cold winter. We are and will continue to move toward our goals.

Author 2019-1-12

The POW Consensus Alliance was formally established on December 26, 2018. The first batch of exchanges involved seven exchanges, which attracted great attention from the industry and more than 40 media reports.

POW, simple understanding is a proof, is used to confirm that a certain amount of work has been done. Take Bitcoin as an example: Bitcoin uses this mechanism in the process of generating Block. Finding a reasonable Block Hash requires a lot of attempts. The computing time depends on the hash speed of the machine. If any node in Bitcoin network wants to generate a new block and write it into the block chain, it must solve the problem of workload proof in Bitcoin network. Therefore, the workload proof of Bitcoin is the main work that we commonly call "mining". In the process of "mining", our core purpose is to find the corresponding solution M. For any 64-bit hash value, there is no fixed algorithm to find its solution m, and it can only rely on computer random hash collision. How many hash collisions a miner can make per second is the representative of its "calculating power". The unit is written as hashs. These are the so-called workload proof mechanism POW (Proof of Of Work).
Bitcoin is an outstanding representative of workload proof mechanism, but it is by no means the only application of workload proof mechanism. The concept of workload proof system was first proposed by Cynthia Dwork and Mon Naor in academic papers in 1993. The term workload proof (POW) was actually introduced in 1999 in Markus Jakobsson and Ari Juels'articles. Therefore, in addition to Bitcoin, there are still a large number of high-quality currencies on the market based on workload certification (POW). These high-quality currencies have a small audience and need to be explored urgently, thus directly promoting the birth of POW alliance. High-quality POW currency will necessarily require a large number of "miners" to support, "miners" to participate in the "mining" of a currency. The first thing to do is to examine the basic information of the currency, such as: whether the algorithm is novel, whether the code is constantly updated, the basic situation of the development team, whether the community is active, secondly, the online exchange and the price are also "miners" to choose whether to participate. One of the factors. From the current situation, most of the "miners" are involved after the discovery of the value of POW currency, but this kind of participation method often loses the opportunity. The establishment of POW alliance will undoubtedly break the traditional shackles. Users can participate before the value of POW is fully discovered or even from the earliest stage. This kind of early participation is a very meaningful way and can achieve great income. What we got.
The original intention of establishing POW consensus alliance is that when the market enters the cold winter, the tokens issued on the basis of ERC20 do not perform well in this round of market, and various hidden dangers appear one by one as the market turns cold. The industry consensus of ICO has also undergone fundamental changes, and the fairness, activity and even security of currency acquisition have been questioned. Compared with ICO projects, POW currencies have unique advantages. Its acquisition is relatively fair, and there will be no case of obtaining a large number of currencies at very low cost. Most of the POW currencies are zero pre-excavated, and the possibility of malicious operation by the team is very low. This is contrary to the situation that the one-time issuance of ICO currencies is mostly concentrated in the hands of a few people. Behind the outbreak of high-quality currencies is the need for "miners" support and high recognition of the market, which is essentially different from the ICO project relying on speculation to develop. The development process of POW currency is gradually found value, more and more people participate, and more and more recognition, while most ICO projects are hot for a while, and then quiet in the short term. From the perspective of the development of digital currency, POW currencies will also enter a low ebb in the cold winter, but there are almost no POW currencies returned to zero. On the contrary, a large number of coins returned to zero have appeared in ICO projects in just two years. In view of this, in order to explore more high-quality currencies, expand the influence of POW currencies and provide users with more choices, the POW Consensus Alliance was established under the current situation. Consensus Alliance will adopt the mechanism of joint auditing and online jointly. For POW currencies that meet the requirements of online auditing, all exchanges within the alliance will be online, and there will be price differences between different exchanges in the same currency. These factors directly enhance the liquidity of currency and the activity of exchange users. At the same time, the exchanges within the alliance will also participate in the community operation of currency, providing help in currency promotion and publicity, and achieving win-win situation between high-quality currency and trading platform.
Current POW Consensus Union Exchange List, ranked in no order:
QBTC wall-free domain name: https://myqbtc.com
CHAOEX wall-free domain name: https://chaoex.info
YOEXS wall-free domain name: https://y.ceo
MXC wall-free domain name: https://mxc.com
Https://www.gbcax.com/POWEX wall-free domain name: https://powex.pro
BESTEX Wall-Free Domain Name: https://www.bestex.io

Author 2018-12-27

On December 28, 2018, non-trumpet global strategic partners announced their full support for the POW Consensus Alliance.

On December 26, 2018, the POW Consensus Alliance, jointly sponsored by seven exchanges, including CHAOEX, YOEXS, MXC, POWEX, BESTEX, QBTC and GBCAX, was established. The non-trumpet global partner BQI community announced its full support for the POW Consensus Alliance and committed itself to providing market docking and promoting operational solutions for projects within the alliance.
Bitcoin is an outstanding representative of workload proof mechanism, but it is by no means the only application of workload proof mechanism. The concept of workload proof system was first proposed by Cynthia Dwork and Mon Naor in academic papers in 1993. The term workload proof (POW) was actually introduced in 1999 in Markus Jakobsson and Ari Juels'articles. Therefore, in addition to Bitcoin, there are still a large number of high-quality currencies on the market based on workload certification (POW). These high-quality currencies have a small audience and need to be explored urgently, thus directly promoting the birth of POW alliance.
High-quality POW currency will necessarily require a large number of "miners" to support, "miners" to participate in the "mining" of a currency. The first thing to do is to examine the basic information of the currency, such as: whether the algorithm is novel, whether the code is constantly updated, the basic situation of the development team, whether the community is active, secondly, the online exchange and the price are also "miners" to choose whether to participate. One of the factors. From the current situation, most of the "miners" are involved after the discovery of the value of POW currency, but this kind of participation method often loses the opportunity. The establishment of POW alliance will undoubtedly break the traditional shackles. Users can participate before the value of POW is fully discovered or even from the earliest stage. This kind of early participation is a very meaningful way and can achieve great income. What we got.

Author 2018-12-29

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