Plosive

When cryptocurrency (crypto) mining was in its infancy, miners were only a few thousand nodes, and it has been managed by so-called transparent rules, where the rewards for mining (coins) are distributed by relatively transparent rules. In addition, the amount of power required for mining was microscopic, so it was
not harmful to the climate.
However, someday everything changed. The exponential growth of crypto mining has led to a sharp increase in the amount of electricity, and intensive mining has been carried out mainly in developing countries.
More seriously, mining is concentrated by two or three large miners. Due to the operating limitation of Main Net, the value of the blockchain that guarantees the integrity of transactions is distorted, and the unique protocol of the blockchain also faces risks.
Plosive mission is to simplify the mining process, giving equality to all nodes. As an all-in-one solution, Plosive is positioned in the public’s interest in crypto mining
As a differentiating factor of Plosive solution, you can mine with only one smartphone and implement the blockchain structure and algorithm equivalent to the general PC mining base without special technology in installing and using mining solution.
Plosive naturally focused on the daily use of smartphones by citizens (people), and it is a project that allows them to mine naturally without any inconvenience in using smartphones every day. This project is a scalable mining model that drives the power of ubiquitous smart devices all over the world. In addition, compared to
the current Crypto Mining Model, it is an eco-friendly low power model.
Plosive’s revenue ultimately pursues the transaction fee of the main network. (However, in the Simulated Version of Plosive Platform, which will be mentioned later, the advertising fee of the affiliated Project Team is the main revenue.)
Plosive has the following features:
• A cryptocurrency that is mined and maintained on a P2P mobile basis.
• Basically, it includes minor solution and crypto wallet, is free and easy to use, and is Android and iOSbased app.
• A consensus algorithm that is differentiated and customized to maximize rewards. A consensus mechanism that mixes Proof of Work (PoW) and Proof of Execution (PoE) methods, allowing miners to get the total time executed as a reward through the app.
• In the long run, you can make payments while purchasing goods at POS terminals linked to PLO Coins.
• The background running program inside the smartphone prevents the smartphone from being harmed
2-1. Cryptocurrency Industry Overview
By the end of 2017, the cryptocurrency market has reached an all-time high due to increased media and public interest. By the end of the year, the market totaled $ 600 billion, which is an increase of more than 300% compared to October 2016, and the total number of cryptocurrencies has increased to more than 1500. In addition, it can be seen that the Bitcoin futures contract for CBOE and CME began in December 2017 due to the rapid rise in the price of cryptocurrencies such as Bitcoin.
This has spurred many people on the cryptocurrency boom. According to the Coinbase Survey (conducted in February 2018), 10% of the total participated in the cryptocurrency market for the first time in 2016, while the first-time participants in the cryptocurrency market increased to 60% of the total in 2017.
This increase in cryptocurrency market participation has led to a massive increase in new accounts for cryptocurrency exchanges such as Coinbase, so they struggled to keep up with the demand and often issued 100,000 new accounts a day.
The number of transactions increased significantly as new participants entered the cryptocurrency community and the market cap increased, resulting in an increase in the number of average daily cryptocurrency transactions by about 220% in the fourth quarter of 2017 alone. The greater the volume of cryptocurrency transactions, the greater the need for mining.
Mining is a very important feature that allows blockchain networks to eliminate “the uncomfortable function of current systems by relying on third parties such as banks”. It is so-called an element that enables the archiving of a decentralized (distributed) ledger (record). When the minors agree on the transaction details, the transaction
details are confirmed and added to the ledgers distributed to all full nodes (miners). In addition, mining is a way for new coins to be generated (rewarded). Rewarding new coins is an important motivation for mining. In other words, it is to allow miners to participate in the blockchain network.
Miners compete for block rewards (rewards for transaction fees and rewards according to the creation of new blocks). In other words, it is a structure in which miners who solve crypto puzzles first monopolize rewards according to new block generation. The more miners in your network, the higher the hash rate and mining difficulty. Interest in the opportunity to obtain cryptocurrency has gone beyond the area of the existing a few
miner groups.
According to one estimate report, bitcoin miners earned about $ 7 billion a year from block rewards based on price, as in January 2018.