Whatever Title Here

**Proof of Work** TKlink, can no longer be considered safe from centralization & is a total energy hog. 

**Proof of Stake** TKlink is much better. But the rich still get richer become problematic whales over time, & there’s no foolproof ideas yet on how to solve the Nothing At Stake attack vector.

**Federated Blockchains.** TKlink lol

Like many of you, I mined Bitcoin back when it was the only coin. I participated in the Ethereum ICO & The DAO. I’ve hodled through and through. 

And I couldn’t help… having watched & sometimes helped buidl the rise and fall (and rise and fall) of countless iterations of these 3 consensus mechanisms… I couldn’t help but play with ideas for how to solve this decentralization puzzle. 

None of us could.

I’ve been fortunate enough to be able to use the knowledge & funding the blockchain movement has afford me to buidl a local home for the cypherpunk cryptocurrency community in Bali, and surround myself with veterans TKlink of several impactful and industry leading blockchain projects, just so I could devote everything I had to this one fascinating problem.

TK hardWorkingGif like https://giphy.com/gifs/rock-coding-programming-MdA16VIoXKKxNE8Stk of whole team TK

Well there’s no way to say this without sounding full of myself so I’ll just say it, I think I can gratefully stand on the shoulders of our cryptographic giants and propose a third Proof of X consensus mechanism to solve the centralization-susceptible flaws of the first two.

I recognize that’s a bold claim in a world that’s sick of hearing them. 

But if you give me 6.82 minutes, I bet I can convince you that I at least might be onto something.

The name is Proof of Participation.

Here’s how it works:

——

Let’s start with the miners. 

Similar to a federated consensus, PoP has a federation of nodes called the “Node Registry” who’s members are allowed to create blocks. However the gatekeeper to this federation is no human or organization but simple code.

Similar to PoS, each of these nodes holds some amount of ZBC tokens which are used to insure their trustworthiness. However on ZooBC the amount at stake is likely to be wildly disparate between nodes & one’s coinbase reward is not proportional to it. 

The relationship between the two is as follows:

1) Roughly once a day, there is an opportunity for n amount of new nodes to be admitted into the Node Registry.

2) The winning nodes are chosen by simple auction; whichever nodes have staked the most tokens this round. Stake is set by nothing more complicated than supply & demand.

From this moment forward, both their coinbase reward and their continued existence within the Node Registry is determined completely by their participation in the maintenance of the network. Their Participation score gradually fills up to 100% with every block created or propagated, and they are penalized when they fail to do so or produce a valid receipt of having done so when queried. 

Rewards are psudo-randomly distributed with every block, with every node in the registry has a 1*P (where P is Participation score between 0 and 1) chance of being the recipient. 

In an ideal scenario in which every single node participates 100%, every single node earns roughly the same reward over time.

This is an element of fairness & integrity not present in most other blockchains. For example in Bitcoin or Ethereum, all a mining node has to do is create blocks. It’s taken on good faith that node operators are also contributing to the blockchain’s health by propagating blocks and transactions. Good faith which has been completely abused in PoW’s race to the cheapest, with the work now left to altruistic validating nodes (which should not have to exist for a chain to be secure).

Unlike PoW and PoS, **the chain can’t be attacked quickly** because even if the attacker make the four highest bids every single day they can only acquire 4 new nodes a day. They could also purchase Registry nodes from their owners, but since there is a limited supply these purchases would also have to be spaced out over time or risk becoming prohibitively expensive.

Meanwhile the potential negative influence of a miner’s stake amount is much diminished while the insurance against dishonestly that the stake is supposed to provide is augmented by the value of owning a participating node within the Node Registry. One cannot become a networking-threatening whale simply by buying up a huge amount of nodes & reinvesting their compounding interest, because **there is no compounding interest**. 

The rich can get richer, but not so rich that they become an existential threat.

ZooBC Unique Specs

Brand New Consensus Mechanism

[Explanatory text…]

Escrow Transactions

[Explanatory text…]

Government Compliant Digital Signatues

[Explanatory text…]

Digitize Anything You Own On The Blockchain

[Explanatory text…]

Download the Blockchain With Ease

[Explanatory text…]

Minimal Mining Power – Eco-Friendly & User-Friendly

[Explanatory text…]

Heightened Decentralization & Secruity Via Node Entry Requirements

[Explanatory text…]

Multisig Transactions

[Explanatory text…]

Drip Transactions

[Explanatory text…]

ZooBC EVENTS TIMELINE

01 Mar 2021

ZooBC Main Net ERC-721 cannot be traded anymore (stop trading)

View Detail

07 Mar 2021

ZooBC Main Net ERC-721 cannot be edited anymore (stop editing)

View Detail

09 Mar 2021

Proof of Existence of ZooBC Main Net Genesis block is done

View Detail

10 Mar 2021

ZooBC Blockchain Main Net Known Nodes are started

View Detail

11 Mar 2021

ZooBC Main Net Core Node Software published for the public to download

View Detail

12 - 21 Mar 2021

Full Support and Live Monitoring of the Network Peers of the Genesis Block Account to be online, connected and ready

View Detail

22 Mar 2021

The first block of ZooBC Main Net will be created: ZooBC is LIVE!

View Detail

23 Mar 2021 - 20 Jun 2021

New Nodes can start queuing and get ready to be included in the registry from June 21st 2021

View Detail

21 Jun 2021

ZooBC starts accepting new nodes in the Proof of Participation registry

View Detail

STAY UP TO DATE ON ZooBC!

Genesis Seat Benefits

• 
  Rewards from day zero
  Having your account in ZZooBC Genesis Block means you start collecting coinbase rewards from the day the blockchain is launched. Others, to add their nodes to the registry of ZooBC and start collecting rewards, need to put them in the queue, lock ZBC coins more than others, wait 3 months, […]
• 
  Head Start On Building Participation Score.
  Participation score keeps nodes in the registry, and is used to proportionally distribute the new coins created at each new block (higher the participation score, higher is the share of coins rewarded). Accounts that are in the Genesis Block of ZooBC start with a higher participation score compared to the […]
• 
  3 Months of Private Mining Rewards.
  Enjoy 3 months of high token rewards distributed among just a few accounts! ZooBC reduces the amounts of coins minted at each block in a curve that gives out 5% of the full 15 years production in the first 3 months. Not only: the first 3 months remain an exclusive […]

GEOGRAPHICAL DISTRIBUTION OF GENESIS BLOCK ACCOUNTS