Transaction option in GUI wallet : In addition to the standard stealth mode, AUDIUS sends via transparent addresses by default. The amount transferred will also be visible on the blockchain. This way makes it possible to check whether a transaction was received by your intended recipient without exposing his/her address or not. Privacy level can be adjusted at users' own preference by choosing between 3 modes: default, mixin requirement(0) or complete invisibility.
In addition to the standard stealth mode, AUDIUS sends via transparent addresses by default. The amount transferred will also be visible on the blockchain. This way makes it possible to check whether a transaction was received by your intended recipient without exposing his/her address or not. Privacy level can be adjusted at users' own preference by choosing between 3 modes: default, mixin requirement(0) or complete invisibility. Ring signatures : Transactions are signed with a group of keys rather than just one. It makes it impossible to know which key belongs to the sender.
Transactions are signed with a group of keys rather than just one. It makes it impossible to know which key belongs to the sender. Decentralized governance : AUDIUS has a voting system for proposals and decisions. It is also conceptually protected against contentious hard forks (chain-splits) like we had with DASH.
AUDIUS has a voting system for proposals and decisions. It is also conceptually protected against contentious hard forks (chain-splits) like we had with DASH. Decentralized masternode network : Masternodes are incentivized nodes that provide services to the network such as coin mixing, which could help anonymization or transaction speed up. They can be set up by anyone who holds at least 1AUDIUS in a wallet without any cost or barrier of entry, just a fixed amount of coins needed to qualify as a full node.
Masternodes are incentivized nodes that provide services to the network such as coin mixing, which could help anonymization or transaction speed up. They can be set up by anyone who holds at least 1AUDIUS in a wallet without any cost or barrier of entry, just a fixed amount of coins needed to qualify as a full node. InstantSend : Transactions are confirmed in seconds instead of minutes. It is achieved through a second tier of masternodes that lock transactions into a block.
Transactions are confirmed in seconds instead of minutes. It is achieved through a second tier of masternodes that lock transactions into a block. Governance and funding : A percentage of each block reward is allocated to fund development and other community projects.
A percentage of each block reward is allocated to fund development and other community projects. Self-funding mechanism : 30% of each block award will be distributed amongst masternodes, while the remaining 70% goes to miners. This way it is more profitable for miners to run a masternode rather than just mine by themselves, this should incentivize decentralization across the network.
30% of each block award will be distributed amongst masternodes, while the remaining 70% goes to miners. This way it is more profitable for miners to run a masternode rather than just mine by themselves, this should incentivize decentralization across the network. Audius Rewards : The happens in 3 phases with decreasing rewards over time. In the first phase, which lasts until the end of 2019, rewards will be distributed as follows: 60% to miners, 20% to masternodes and 20% to development fund.
The happens in 3 phases with decreasing rewards over time. In the first phase, which lasts until the end of 2019, rewards will be distributed as follows: 60% to miners, 20% to masternodes and 20% to development fund. Coin supply: Total coin supply is set at 18 million with a yearly inflation rate of 3%. This means that there will be a total of 21 million AUDIUS in circulation by 2021.
