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​​#TAU
Why Tau is Needed in Today’s Market
As many cryptocurrency enthusiasts are aware, cryptocurrency mining is becoming an increasing cause for concern, not just owing to its enormous energy burden, but also due to the lack of equal opportunity in today’s market, where only those with specialist knowledge, surplus capital and access to cheap electricity can thrive.
Tau seeks to completely do away with crypto inequality, linking rewards not to investment, but to the velocity of money (how frequently one transacts with Tau).
One of the major problems with the current market is the HODL mentality. This mentality leads to stockpiling of cryptocurrency, rather than promoting their utility as an exchange of value. In our mind, cryptocurrencies were intended to eventually replace fiat currency as the next generation mode of value exchange, rather than instead replacing gold as a speculative investment option. Both proof-of-work and proof-of-stake based cryptocurrencies promote hoarding, rather than the free circulation of currency.
Besides this, the scalability of first generation cryptocurrencies is intensely debated, with the majority believing that onchain scaling solutions for Bitcoin are simply not feasible. Tau brings a solution that addresses the hard truths, without bias, looking to build a truly useful cryptocurrency by introducing a new automatic-block size concept called auto-scaling.

The energy concerns of proof-of-work based cryptocurrencies has repeatedly come under intense scrutiny. According to the Digiconomist Bitcoin Energy Consumption Index, the Bitcoin mining network consumes around 73.1TWh of electricity per year, which is approximately the same as the yearly energy consumption of Austria! The market needs a cryptocurrency that can meet the demands of its users, without crippling the worlds energy supply.
Approximately 906KWh of electricity are consumed per Bitcoin transaction, that’s approximately $109 per transaction.
Forwarded from EYEGLOBNET NEWS
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​​#TAU
Why Tau is Needed in Today’s Market
As many cryptocurrency enthusiasts are aware, cryptocurrency mining is becoming an increasing cause for concern, not just owing to its enormous energy burden, but also due to the lack of equal opportunity in today’s market, where only those with specialist knowledge, surplus capital and access to cheap electricity can thrive.
Tau seeks to completely do away with crypto inequality, linking rewards not to investment, but to the velocity of money (how frequently one transacts with Tau).
One of the major problems with the current market is the HODL mentality. This mentality leads to stockpiling of cryptocurrency, rather than promoting their utility as an exchange of value. In our mind, cryptocurrencies were intended to eventually replace fiat currency as the next generation mode of value exchange, rather than instead replacing gold as a speculative investment option. Both proof-of-work and proof-of-stake based cryptocurrencies promote hoarding, rather than the free circulation of currency.
Besides this, the scalability of first generation cryptocurrencies is intensely debated, with the majority believing that onchain scaling solutions for Bitcoin are simply not feasible. Tau brings a solution that addresses the hard truths, without bias, looking to build a truly useful cryptocurrency by introducing a new automatic-block size concept called auto-scaling.

The energy concerns of proof-of-work based cryptocurrencies has repeatedly come under intense scrutiny. According to the Digiconomist Bitcoin Energy Consumption Index, the Bitcoin mining network consumes around 73.1TWh of electricity per year, which is approximately the same as the yearly energy consumption of Austria! The market needs a cryptocurrency that can meet the demands of its users, without crippling the worlds energy supply.
Approximately 906KWh of electricity are consumed per Bitcoin transaction, that’s approximately $109 per transaction.