THELOGICALINDIAN - n-a
Traditional blockchain accord protocols accept their critics – Proof of Work, which drives Bitcoin for example, is acclaimed for its acute activity claim as it mines blocks. Proof of Stake holds the abeyant for “double-spending”, or declining to accomplish accord at all, at atomic according to some authorities. Even Proof of Burn hybrids, admitting analytic abounding of the issues associated with added proofs, pay dearly in the absolute amount of transaction.
But a analysis aggregation at Pekingese University led by Dr. Bei Lun Ning now claims to accept created a absolutely new accord apparatus based on a concrete affidavit in the absolute world. Their new technique, Proof of Ownership Protocol, actually requires that a concrete article be beneath the ascendancy of the buyer of the agenda asset – and they are proving the account of the agreement through an acute example.
“People appetite to authority things. They appetite to see them and feel them and aroma them. This is a barrier to acceptance that is the aftermost hurdle to the agenda asset economy,” said Ning in an account with Crypto Briefing.
Ning’s aggregation suggests that the ‘Real Asset’ (RA) is issued at the aforementioned time as a tokenized agenda asset (TDA), and that in adjustment to absorb ascendancy of the TDA, the buyer of the RA charge periodically ‘check in’ with a proprietary blockchain belvedere via an IoT-enabled wireless RF accessory or chip.
The alternation annal the continuing actuality of the RA through a trusted answer and, aloft confirmation, updates the badge holder’s TDA with the new information. All of this takes abode in absolute time after buyer intervention.
Transferring or exchanging assets can abide to action on exchanges, but a concrete alteration of appurtenances through an escrow account charge now additionally be included; Ning’s aggregation suggests that this additionally massively reduces the befalling for fraud.
But it is the use case that Ning’s aggregation has best to allegorize their Proof of Ownership Protocol that will conceivably accession best eyebrows.
Shih Tzu Coin (SHT Coin) – World’s First Proof of Ownership Protocol ICO
Ning himself owns a Shih Tzu, and as a self-described dog-lover he explains on the team’s website that there are over one actor abandoned Shih Tzus in acreage China, according to their estimates.
“Many of these dogs are dead by motorcycles, or baldheaded endlessly in puppy mills to actualize accepted platinum-blonde wigs for assertive chic ladies,” said Ning.
He explains how he intends to affair a new Shih Tzu bread (SHT) which will apply his Proof of Ownership apparatus to incentivize bread holders to accumulate their absolute apple asset – a puppy – both safe and well.
“While you own your Shih Tzu coin, you will be adored with affirmed continuing acknowledgment of your agenda assets, while additionally actuality adored with the concrete amusement of a admiring basset companion,” explains Ning. “These RF-enabled puppies will affirm your ownership, and their health, application appropriate nanobots to sample claret aeration – this will appearance that the puppy is acclimatized and happy, which is all-important for the rewards of SHT bread to be distributed.”
Ning’s aggregation intends for SHT to be a stablecoin angry to the amount of DOGE, and Ning claims that the aboriginal trading brace (DOGE-SHT) will go alive on a yet-to-be-announced above barter aural 24 hours of the ICO.
Guaranteed Rewards For Dog HODLers
Early adopters of the SHT bread will be adored for the breadth of time they are able to accumulate the pet animate – Ning claims that for anniversary year the Shih Tzu lives, the buyer of the bread will be adored with a bread multiplier.
“If you accumulate it animate for two years, you get two times your antecedent investment. But if you accumulate it animate for seven years, there is a bifold blessed benefit – agnate to 14x your antecedent SHT bread investment. That is the ability of Proof of Ownership.”
Ning’s aggregation intends to accession $10M to abide alive on their advocate protocol, and will affair 101,780 Shih Tzu Bread in their antecedent allotment event, at $100.00 per coin. Why the extra?
“Our calculations appearance that we can apprehend an abrasion amount of 1.78% back we address the puppies anon via United Airlines, so we accept congenital in added bill to awning the claim to balance those SHT bread holders who are adverse abundant to accept a non-functional puppy. Sadly, sometimes SHT happens.”
More advice on SHT Coin can be begin at their website:
