Ethereum update: CehhGold Mineable Token
A few months ago I published here about ERC891, an ERC focusing on changing the distribution method of tokens. After looking at the results from CehhCoin, the original implementation, I did the full thing resulting in CehhGold.
It was very interesting to see how metatx went live a few days later after the release of CehhGold. I think that the use of signed messages will become a *very* important part of Ethereum as a platform, and CehhGold leverages specifically on that.
The website is a bit memey, but the idea is that as originally planned, CehhGold can be mined asynchronously. This means that once you mine a reward you aren’t forced to submit it immediately. This is parallel to having multi-layer mining rewards: the higher the hashrate, the higher the the rewards the miner can find.
TL;DR why this matters: new distribution method based on signatures that supports mining. If you have any questions let me know. It’s an arguably difficult concept to grasp at first, but once it clicks it’s super simple.
General Info: https://cehh.io/
No this is not an ICO ad and this is not r/EtherMining related. Any feedback is appreciated.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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