TENT Coin, first introduced as Snowgem in 2017, is an accessibility focused Blockchain project with our own consensus model based on Masternode Proof of Work (mPOW).
We use collective computational power and our own network of masternodes to verify transactions on our very own blockchain.
The addition of Masternodes on the TENT network offers passive income to holders and an extra layer of protection making malicious attacks on the network virtually impossible.
Proven mPOW Masternode system, TentSecure, constantly monitors for attacks.
Full coin management available in wallet, including possibilities to swap and buy TENT directly in our application.
Proven reliable codebase under constant review by our team of expert developers.
TENT team members are real verifiable people, whilst our white papers, roadmap & specifications are accessible for all to see.
TENT Secure is a security implementation embedded into the TENT Blockchain network via Masternodes. These Masternodes both keep a copy of the TENT Blockchain and also monitor its condition for attacks.
For example, if attackers create a duplicated Blockchain of their own with more than 51% of the total network mining power, they create fake transactions within the network and trick exchanges into accepting them.
TENT Secure utilises Masternodes to monitor the number of transactions per block, working with mining pools and exchanges as a “man in the middle” to provide effective attack protection.
If there are any discrepancies between the original Blockchain and the fake one, the Masternode performs a verification and any signatures that do not match will be rejected, thus foiling any attack.
Please see below for the detail and technical specifications of TENT coin.
Consensus Mechanism: Masternode Proof-of-Work (mPoW)
Algorithm: Equihash 144,5
Total Coin Supply: 84,096,000
Block Time: 1 minute
Difficulty Adjustment: Every block
Reward halving: 2,102,400 blocks
Current Block Reward: 20 TENT
Current Block Reward Structure: 50% Masternodes (10 TENT) 30% GPU Miners (6 TENT) 15% Development Fund (3 TENT) 5% Treasury (1 TENT)
TENT Coin is built on the existing work from the Bitcoin and Zcash core team. Along with the technology used by these teams we built Masternodes on top of their protocol.
TENT Masternodes have important benefits for the TENT ecosystem, as they offer TENT holders passive income whilst also providing network security, protecting holder assets from 51% attacks in the form of our own Masternode-Proof-of-work (mPoW) solution.
An application-specific integrated circuit (ASIC) miner is a computer that is designed for the sole purpose of mining a specific cryptocurrency algorithm.
Bitcoin's SHA-256 algorithm used to be profitable mining it with only your computers graphics card (GPU) until ASICs were introduced, now ASIC miners dominate the bitcoin mining space.
Similarly, ASICs were about to be introduced on TENT's algorithm, Equihash(200,9), but we decided to fork into a more memory intensive algorithm, Equihash(144,5), making ASICs incompatible and obsolete.
It is important that TENT maintains a healthy GPU community and stays true to one of its core principles of being ASIC-resistant.