The Proof-of-Reputation (PoR) consensus algorithm is a new algorithm proposed by Bitconch based on social graphs. Using a quantified reputation based on the blockchain, PoR can show each users contributions to the system, including growth, security and stability. By introducing each users reputation, PoR can maintain a list of trusted users, which are called transaction validators. These transaction validators will be rewarded by the system after providing computing power or storage capabilities.
PoR uses a directed acyclic graph as the basis of the Bitconch social graph. The BUS token is the foundation for powering the chain. The more users that use the system, the higher the TPS. PoR is the perfect candidate for high frequency small transactions and social DApps. PoR adopts the concept of power balance and designs a decentralized incentive system that is anti-plutocratic which ensures that new and existing users have the same opportunity to obtain system rewards. PoR can prevent power from becoming centralized due to imperfect incentive designs.