Welcome to Oduwacoin trollbox

2021-04-10 09:28:56 PROOF-OF-STAKE
Consensus in a decentralized digital currency like Bitcoin [1] is achieved by requiring generated blocks to contain a proof that the node which generated the block solved a computational hard task. Unfortunately the concept of the Proof-of-Work (PoW) based system tends to lean towards eventual self- destruction [2].
Proof-of-stake (PoS) aims to replace the way of achieving consensus in a distributed system; instead of solving the Proof- of-Work, the node which generates a block has to provide a proof that it has access to a certain amount of coins before being accepted by the network. Generating a block involves sending coins to oneself, which proves the ownership. The required amount of coins (also called target) is specified by the network through a difficulty adjustment process similar to PoW that ensures an approximate, constant block time.
As in PoW, the block generation process will be rewarded through transaction fees and a supply model specified by the underlying protocol; which can also be seen as interest rate by
common definition. The initial distribution of the currency is usually obtained through a period of PoW mining.
A. Related work
The first PoS based currency was PeerCoin [3] which is still in a period of PoW mining. Further development of the PeerCoin PoS protocol lead to NovaCoin [4] which uses a hybrid PoS / PoW system.
Oduwa Coin is the first indigenous crypto currency that uses a pure PoS based protocol which is based on the development of the above described projects.
III. SECURITY ISSUES IN POS
Besides the clear advantage of PoS over PoW as a method used to establish consensus on the network, there exist prob- lems that have yet to be solved that can greatly improve network security.
A. Coin Age
In the PeerCoin protocol block generation is based on coin age which is a factor that increases the weight of unspent coins linearly over time; the proof that has to be provided together with a new block and has to satisfy the following condition:
proofhash < coins · age ·target (1) 􏰂 􏰁􏰀 􏰃
coin age
The proof hash corresponds to the hash of an obfuscation sum that depends on a stake modifier, the unspent output, and the current time.
With this system it is possible for an attacker to save up enough coin age to become the node with the highest weight on the network. If the attack were to be malicious the attacker could then fork the blockchain and perform a double-spend. After this is done however, a second double-spend would require the attacker to save up coin age again, as the stake resets when the block was generated.
It is worth mentioning that this situation is highly improb- able and that the incentive is questionable (saving enough coin age to be the highest weight on the network would either take a lot of time or a lot of coins, and thus money, to make this happen. Next to that, performing such an attack would probably devalue the system itself so it wouldn’t be profitable to do the attack in the long run.)


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BLOCKCHAIN CULTURE Open / Comment

2021-03-20 06:13:36 Get your free app . No fees for international transactions on peer to peer . Secure and efficient

IOS:

https://apps.apple.com/us/app/oduwapay-oduwa-coin-wallet/id1465449059

Android :

https://play.google.com/store/apps/details?id=com.oduwa&hl=en_US&gl=US Open / Comment

2021-03-16 05:06:06 Start accepting ODUWA today with a simple QR CODE Open / Comment

2021-03-07 14:07:57 Oduwacoin is now live on coinpayment.net

This is a massive milestone in the development and integration of Oduwacoin into the global crypto space.
This integration will open the gateway for merchants in 180+ Countries to transact in ODUWA Open / Comment

2021-02-28 15:09:56 Top 10 Ways To Make Money With Cryptocurrency

1. Buying & HODLing
One safe way to earn money in crypto is to buy good cryptocurrencies like Oduwa that have a fundamental use case and hold them until they obtain a fair market share.

You can buy and hold them for a longer-term because they are bound to appreciate against the fiat pairs of USD, EUR etc.


2. Staking Cryptocurrencies like Oduwa

personally like this way of earning because you get the dual benefit of price appreciation for holding good crypto coins plus the additional reward as dividends for staking the coins.

Staking is basically holding crypto coins 24*7 in a live wallet, hence earning new additional coins as a reward for staking and securing the blockchain network.

However, the best part is,

you also earn money when the value of ODUWA increases as more users adopt it.


3 Microtasks For Cryptocurrencies


If you have extra time on your hands, you can do some microtasks for somebody or some service and earn Oduwa in exchange. These microtasks can be something like downloading new apps for testing, watching videos, doing online surveys etc. Some services that provide you such microtasks are in the future :
1. Social.Africa - Connect with friends and family in Africa and Diaspora on Social Africa
2. Metame - Health data sharing company
3. Crypto Graphic Novel series



4 Work For Cryptocurrencies company
This is an apt way of earning through cryptocurrencies. If you are a developer or a tester, a writer or a designer, you can start earning in cryptocurrencies right away by exchanging your services for it.

There are numerous platforms and websites that offer you Oduwa in exchange for your service, some of which are:

a. www.oduwacareerinstitute.com

b. oduwamarketplace.com
Example
Looking to hire a shopify expert who can manage my store oduwamarketplace.com.

Tasks include organizing categories, home page, tags, product listings.

Shouldn't require any coding. Must speak English fluently as you will be writing product descriptions.

Usually will just have you add one or two products a day.

I will only pay in Oduws coin. You can get a free wallet at https://oduwa.org -- you can convert to OWDT in the wallet if you want.

I'm looking to start a blog about crypto, So I'm looking for writers who are experienced in the crypto space.

Please let me know your experience (I'm okay with fresh writers if you know about crypto)and the price you're looking for.

Thanks


5 Accept Cryptocurrencies If You Are A Merchant

Another way to earn cryptos is accepting them in exchange for your products or services if you are a merchant. As a merchant, you have access to many cryptocurrencies and Oduwa payment processors that can help you in accepting cryptocurrencies.

Even online businesses owners and e-commerce websites can adopt this way, thereby getting the dual benefit of crypto price appreciation and also earning cryptos directly.

6 Cryptocurrency Arbitrage
As we all know, the cryptocurrency market is a free market that is beyond the government’s control, which is why we have a lot of price differences across different exchanges and also the volatility.

Another way of earning in the cryptosphere is to buy a certain cryptocurrency from one exchange which is being sold on a lower price compared to another exchange, thereby creating an opportunity to buy low and sell high on another exchange to earn a good cut in between. This is called arbitrage.


You will usually find 5% to 40% of spread if you know how to make use of it. Exchanges like p2pb2b.com and stex.com provide such opportunities more often.

7 . Blogging On Cryptocurrency Websites

You can earn money by blogging and writing on websites that pay you in cryptocurrencies if your content is liked by the readers.


8. Cryptocurrency Faucets
Another easy way to start earning quick Bitcoins is through cryptocurrency faucets.

For those of you who don’t know what faucets are: Open / Comment

2021-02-12 08:12:52 Anything BTC can do Oduwa Can do better , Oduwa Coin is an improved version of BTC. No fees on network transactions , Proof of Stake (POS) mining . Oduwa Coin is a new decentralized economy .



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2021-02-08 07:51:35 Open / Comment

2021-02-08 07:51:33 Don’t fall for scammers. Don’t share your acc info with anyone on telegram

Protect your account all the time. Use the highest encryption technology available. Oduwa Blockchain solutions ltd. Open / Comment

2021-01-28 13:14:58 update https://github.com/ODUWAX/oduwacoin/releases/tag/v1.1.0.0 Blockchain DB Download Link : http://68.183.115.49/OduwaCoin-DB.zip for quick mining wallet synchronization Open / Comment

2021-01-24 05:18:46 Channel name was changed to «Welcome to Oduwa Explanatory trollbox» Open / Comment