Bitconch

The world's only high-performance blockchain up to 120,000 TPS

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faq

Q1:What's the difference between the “Traditional Business Credit” and “Blcokchain Reputation”?

A1:High business credit ≠ High blockchain reputatioin

“R” will give developers a cutting-edge tool to evaluate the users' actvities in the past.


Traditional   Business Credit

Blcokchain   Reputation

History

150+ years

0 year

Relationship

Lending and   borrowing

Activity and   Trustworthiness of Nodes

Purpose

Who can achive the loan?

Who can be the   trust node?

Benefit

Higher loan, Lower   interest rate.

Lower down payment.  

No deposit when   renting.

More chances be   trust node.

Lower (or free)   transaction cost.

No deposit in   lightning network.

Data

Banks; Loan   institutions; Debt collection

All applications in   Bitconch chain and ecology

Agency

Centralized

Decentralized



Q2:What's the advantage of PoR, compared with PoW and PoS?

•PoW:Waste power resources 

•PoS/DPoS:Centralization and Matthew effect 

•PoR:Fair to everyone, motivate everyone