FAQ

About TAU
What is TAU?
TAU is a decentralized crypto asset running on Proof of Transaction blockchain.
When to list on exchange?
TAU foundation will list TAU when achieving 1 million users and mobile mining successful.
How many TAU in total?
2.1 billion.
What is “Proof of Transaction” ?
This is a new consensus protocol to use transaction history to decide the probability of the next miner.
Where can I withdraw my Taucoins?
Taucoin has its own blockchain so there is no need to withdraw unless you are transferring it to another TAU wallet.
Where can I sell/buy Taucoins?
You can buy/sell in P2P groups with escrows for security.
What is ICO price?
TAU did not hold any ICO. 82% of coins will be distributed via airdrops, referral bonuses and bounties.
What is the price of 1 Tau?
The community will set Taucoin's price. How a community member values his Taucoin will determine its value.
How do I earn more Taucoin?
There are more than several ways to earn TAUcoins. Here's a few.
a. Referral System: where you invite your friends via referral. link (unlimited)
b. TAUwork: where you can offer/request your service, hire or get job and TAUcoin will serve as a payment (unlimited).
c. Developer Bounty: where you can participate building TAU only if you have special special skills and abilities from design, creatives and programming.
d. Start-up Bounty: where you can build up your projects based on TAU ecosystem and get rewarded some TAUcoins, (Unlimited).
e. Coinrains: where your activeness on discord and from specific TAU local groups, can be rewarded every day, after every two days or so, (Limited).
f. Medium Article Writing: where your writing skills and abilities can be rewarded based on the content of your articles, (unlimited).
g. More to come.
Will referral bonus end?
It will remain until the end although bonuses will decrease over time as the number of accounts are increasing.


About Blockchain
address
A TAUcoin address looks like TDSrfJdB2AnWaFNgSbv3MZC2m74996JafV. It consists of a string of letters and numbers. Just as you ask others to send an email to your email address, you would ask others to send you TAUcoin to your TAUcoin address.
TAUcoin
The name of the currency unit (the coin), the network, and the software.
block
A grouping of transactions, marked with a timestamp, and a fingerprint of the previous block. The block header is hashed to produce a proof of transaction, thereby validating the transactions. Valid blocks are added to the main blockchain by network consensus.
blockchain
A list of validated blocks, each linking to its predecessor all the way to the genesis block.
confirmations
Once a transaction is included in a block, it has one confirmation. As soon as another block is mined on the same blockchain, the transaction has two confirmations, and so on. Six or more confirmations is considered sufficient proof that a transaction cannot be reversed.
consensus
When several nodes, usually most nodes on the network, all have the same blocks in their locally-validated best block chain. Not to be confused with consensus rules.
fees
The sender of a transaction often includes a fee to the network for processing the requested transaction. Most transactions require a minimum fee of 0.01 TAU.
fork
Fork, also known as accidental fork, occurs when two or more blocks have the same block height, forking the block chain. Typically occurs when two or more miners find blocks at nearly the same time. Can also happen as part of an attack.
genesis block
The first block in the blockchain, used to initialize the cryptocurrency.
hash
A digital fingerprint of some binary input.
mempool
The TAUcoin Mempool (memory pool) is a collection of all transaction data in a block that have been verified by TAUcoin nodes, but are not yet confirmed.
miner
A network node that finds valid proof of transaction for new blocks, by repeated hash.