. The intractable foundation upon which a rewarding fan experience can be built Upon hearing about Scorum for the first time, people often ask why we need blockchain to launch this . It’s a valid question, a question that should be asked of all projects raising funds through an ICO/Crowdsale/ITO. Without regurgitating the entire whitepaper here, the Scorum team sees it’s . innovative sports media platform blockchain foundation as the intractable foundation upon which a rewarding fan experience can be built By building the , Scorum has created a that will distribute rewards in a fair manner to all active fans on Scorum. blockchain economic system with the open-source Graphene Framework transparent, reliable, and efficient system of rules Aren’t we just making money out of nothing? No, the money is huge in the sports media industry, we’re just ! laying out a framework that will allow it to be shared among the fans who do the real work to raise it Currently three of the top five most active blockchains by transaction are built on the : Graphene Framework Why the Graphene Framework is a Perfect Fit for Scorum Top blockchains by transaction volume. Source Fast, precise, and efficient. There are many sports around the world where these are the sought-after characteristics of winning performances. The same applies to the blockchain technology behind Scorum. As the Scorum audience grows and welcomes more and more users from the global audience of 1 billion plus sports fans, One that can record and transmit the thousands of microtransactions that will distribute rewards among users across Scorum’s four core services. we need a blockchain foundation that is scalable. The framework, an open-source blockchain system developed by during his (successful) quest to create a reliable and secure decentralized exchange called Bitshares for cryptocurrency traders over three years ago. Since then, the Graphene framework has proved itself capable of executing free and fast transactions in many projects and we’re excited to be building the Scorum community on such a proven foundation. Graphene Dan Larimer An illustrated view of Graphene Implementation. Source So how does it work for Scorum? The Graphene framework runs on a consensus algorithm that requires representatives from the Scorum community to verify/sign a new block every 3 seconds. Each block can hold up to 10k transactions, so the tx speeds are able to be sustained at over 3k per second. Not only is this markedly faster than the Proof of Work consensus algorithm currently used by Bitcoin and Ethereum, an added bonus is that it is exponentially less energy consuming. Delegated Proof of Stake (DPoS) Scorum’s DPoS consensus relies on , 20 of whom are elected from the Scorum community and 1 who is selected from a list of users with a high amount of Scorum Power. By allowing everyone in the Scorum community to vote for the 20 elected delegates, the Scorum blockchain consensus algorithm ensures that the transactions within the Scorum community are verified quickly and accurately. 21 block-signing members (delegates) What do the Delegates get for signing blocks? As compensation for delegates who sign blocks to keep Scorum’s rewarding economy rolling along, we’ve designated to be distributed among block-signing delegates. This will ensure fair compensation until the SCR token distribution from advertising revenue replaces SP rewards. 480K Scorum Power tokens will be stabilized over time by holding a reserve of rewards for a set amount of days. In practice, this means that if SCR rewards from advertising income exceed the amount needed to compensate delegates for the next 100 days, the rewards will increase by 10%. Conversely, if there is a dip in ad revenue and the reward pool for delegates has less than 30 days worth of compensation, then the reward amount will decrease by 10%. Delegate compensation The Future for DPoS is bright One of the beauties of the cryptocurrency industry is that blockchain technology allows a certain amount of flexibility in creating value transaction systems to meet the needs of certain communities. such as Bitcoin have clearly shown their ability to function as a secure and decentralized means to transfer funds. Proof-of-Work systems Delegated blockchains offer projects like Scorum the added benefit of . This is a key solution in the movement towards mass adoption of cryptocurrencies. By allowing the community at large to elect delegates and having nodes distributed all over the world, the goals of decentralization and security are met without the exorbitant energy costs, “slow” transaction confirmation, or any loss of funds to transaction fees. Proof-of-Stake fast and free transactions With Ethereum planning to transition to DPoS, EOS doing the biggest ICO in history to , and Bitshares functioning for over 3 years on Graphene, the grand majority of blockchain projects will be running DPoS consensus in the near future. Scorum is excited to be a part of this and bring . take Graphene-based projects to new heights atomic swap capabilities to Graphene is open now! Scorum’s Crowdsale We’re on , , and for more info. Telegram Facebook Twitter
