Method for establishing incentive mechanism on basis of value quantity and system thereof

An incentive mechanism and value-based technology, applied in the blockchain field, can solve problems such as high energy consumption centralization, POS mechanism hindering currency circulation, etc., and achieve the effect of solving easy forks, solving obstacles to currency circulation, and solving high energy consumption

Inactive Publication Date: 2017-11-28
武汉凤链科技有限公司
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Problems solved by technology

[0005] Aiming at the above defects or improvement needs of the prior art, the present invention provides a method and system for establishing a consensus mechanism based on the amount of value, the purpose of which is to solve the problems of high energy consumption and easy generation of central , and the technical problems of the POS mechanism hindering currency circulation

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  • Method for establishing incentive mechanism on basis of value quantity and system thereof
  • Method for establishing incentive mechanism on basis of value quantity and system thereof
  • Method for establishing incentive mechanism on basis of value quantity and system thereof

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Embodiment Construction

[0039] In order to make the object, technical solution and advantages of the present invention clearer, the present invention will be further described in detail below in conjunction with the accompanying drawings and embodiments. It should be understood that the specific embodiments described here are only used to explain the present invention, not to limit the present invention. In addition, the technical features involved in the various embodiments of the present invention described below can be combined with each other as long as they do not constitute a conflict with each other.

[0040] The overall idea of ​​the present invention is to evaluate the value of a single transaction by calculating the profit generated by the merchant's transaction. Whenever a transaction is completed, the system will issue rewards to the merchant as a reward for creating value. In order to ensure the stability of the virtual currency under the POV system, we need to dynamically adjust the rew...

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Abstract

The invention discloses a method for establishing an incentive mechanism based on the amount of value, which evaluates the value of a single transaction by calculating the profit generated by the merchant's transaction, and every time a transaction is completed, the system will issue rewards to the merchant as a reward for creating value . In order to ensure the stability of the virtual currency under the POV system, we need to dynamically adjust the reward coefficient. Our currency issuance volume V is fixed in each time period. When the value circulation on the chain becomes faster, the actual reward currency issuance volume may be higher than the theoretical one. The average value above is much larger. In order to maintain the stability of the virtual currency, we need to adjust the reward coefficient and reduce the amount of rewards issued. The present invention can solve the technical problems existing in the existing POW and POS consensus mechanisms, such as high energy consumption, easy centralization, and the POS mechanism hindering currency circulation.

Description

technical field [0001] The invention belongs to the technical field of blockchain, and more specifically relates to a method and system for establishing an incentive mechanism based on value. Background technique [0002] Blockchain (Blockchain) technology is widely used in the financial field because of its advantages of decentralization, transparent transaction process, traceability, and ease of auditing. The consensus in the blockchain refers to multi-party data, The process of reaching a consensus based on behavior or process, and the consensus mechanism thus formulated is the key to ensuring the safe and stable operation of the blockchain system. [0003] Proof of Work (POW for short) and Proof of Stake (POS for short) are currently mainstream consensus mechanisms. [0004] The POW mechanism rewards groups with high computing power, but it consumes a lot of energy in the process of reaching consensus; in addition, this mechanism has a centralization problem; the POS me...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/04
CPCG06Q40/04
Inventor 金海代炜琦邹德清肖德山崔长泽
Owner 武汉凤链科技有限公司
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