Author: Iris Li
Mr. Jian Zhang, the founder of FCoin, published one article on the FCoin blog page named ‘The Introduction of Transaction Mining Mechanism creates Bitcoin that will reach to Satoshi Nakamoto’s Beginner’s Mind.’
In the article, he proposed the architecture direction of a new public chain. In details, he planned to use POW (Proof-of-Work) system to issue coin and use the transaction mining mechanism to issue token. The combination of these two methods aims to make the user also being the owner of the community system.
In fact, the function of coin focuses on the role of payment systems; while token could be regarded as a certificate of economic mechanism, which refers to security and equity in the traditional financial market.
Mr. Jian Zhang, he promised,
“FCoin Fund is willing to invest 10 million USD in the first phase and support all teams that are willing to explore in this direction.”
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