Respectonomy

Respectonomy

Created using Figma
Created using Figma
A decentralized social network, that assigns value to data and offers a mechanism for fairly user`s rewards
Risk: High
Feb 5, 2017
Mar 3, 2017
100% completed
$4 270
100% goal completed
past
Token Details
Ticker
RES
Company Details
Registered Country
Thailand
Additional Details
Categories
Media

Features

- Autonomous: a non-proprietary platform where users control their data
- Embedded economy: a system that justly prices the consumer while fairly rewarding content creators & curators
- Censorship resistant: globally replicated decentralized bittorrent based content-storage (only the supporters of a content bear the burden for hosting it)

Technical Info

Technical details:  Respectonomy will be an open-source, browser based implementation, that utilizes the Bittorrent protocol for content sharing and a proof of work blockchain to determine the value of the RESPECT token that runs the system. Algorithm: Proof of Work To avoid an identity conflict, a Proof of Work (PoW) based algorithm is used. The miner solves a computationally hard problem which is decided by the difficulty level to mine a block. The solution to the problem shows proof of the miner's work in obtaining the block and hence there is no conflict in the identity. Block Specification The initial block reward is 16 RES per block. A block is generated every 2 minutes. This block reward reduces over time (see Halving Rewards) to give an incentive to early users of the platform. Eventually each block will have the same reward. The block rewards are halved every 525800 blocks, which is approximately 2 years at an average time of 2 minutes per block. The block reward is halved till it is 1 RES and stays constant henceforth. Difficulty Re-Target The difficulty level of a block determines how hard it is for a miner to get the hash value of the block. Initially the difficulty will start at 1, which is the lowest possible value, and will increase with subsequent blocks. The difficulty level is calculated as a moving average of the past 2016 blocks. The difficulty may increase or decrease to ensure that the average block time is approximately 2 minutes. The source code:  no Proof of developer:  Public team

Activity

Activity:
121
MEDIUM
Posts:
716
HIGH
Views:
39 247
VERY HIGH
Activity:
121
MEDIUM
Merit:
100
MEDIUM
Posts:
367
MEDIUM
Views:
25 091
VERY HIGH
Users:
182
MEDIUM
Posts:
67
LOW
Followers:
214
VERY LOW
Likes:
196
VERY LOW
Followers:
1 469
LOW
Tweets:
118
MEDIUM
30 Days Growth:
-2
Members:
14
VERY LOW
30 Days Growth:
-1
Year commits:
0
Watchers:
3
Stars:
0
Forks:
0
Open issues:
0

Respectonomy Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

MISS BUDCHAI
The Founder
unverified
FireBird
(Developer)
unverified
Thunder Bolt
(Developer)
unverified
VicktorX
(Web Developer)
unverified
Red Sonja
(Digital Marketer)
unverified
Fantastic Mr. Fox
(Trading Specialist)
unverified
Asterix
(Strategic Head)
unverified

Respectonomy Last News

2.82
risky
5.0 9
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