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Develop a PoW Mining Token in TON Network #494

Closed Zeba4ka closed 6 months ago

Zeba4ka commented 6 months ago

Summary

Creation of a new PoW Mining Token in the TON Blockchain.

Bounty Context

Why it's Important? The introduction of a PoW mining token in the TON network could prove beneficial in several ways. It would provide an additional layer of security to the network, could draw more miners into the ecosystem thus improving decentralization, and contribute to greater token liquidity.

Problem showcase Doing this requires configuring specific protocols to be compatible with the TON blockchain, as well as developing an effective PoW mining system that can work seamlessly within the network. There's a lack of detailed guide or blueprint tailored specifically for the TON ecosystem.

Potential Solution Development of a PoW mining token project would require several key phases including design, implementation, testing and deployment. Developers knowledgeable in Rust, Solidity or C++ can design and implement the appropriate protocols required. Community engagement in beta testing phases would also be beneficial in ensuring reliable application.

Defenition of Done

References

For similar solutions refer to: Bitcoin (proof of work concept) and Ethereum's early PoW implementation (retired for PoS now), and their corresponding GitHub repositories.

REWARD

🪄 Created with the help of TON Bounties Creator Bot.

delovoyhomie commented 6 months ago

Thank you for your suggestion, @Zeba4ka. You can create such a token for your purposes, but unfortunately, it does not align with our current goals of training the team in creating such a product. Moreover, we can look into how this works with the $GRAM token.