It has been said that cryptocurrency and Bitcoin in particular is the greatest invention since the internet. As an African organization we are well aware of the beauty inherent in access to the internet - yet we also know that most of our people are prevented from enjoying the abyss into information it gives. We here in South Africa still fight for #DATAMUSTFALL as the prices we are paying to surf the net - a human right is exceptionally high. Thus, we recognize that this invention-the internet still has to be enjoyed by the masses. The crypto currency innovation might also end up flying over our people if they are not invited and encouraged to engage therewith, This is why we believe that our initiative has the potential to further entrench and legitimize this new gift from Mr. Satoshi. Please take time and find out how we propose on uplifting the rural youth of our Continent. Please find us on Instagram @mzansirenaissance and on twitter @MzansiRen and help us spread the word about the wonderful opportunities inherent in crypto! Moreover, our Reserve Bank has taken a very forward looking stance on the crypto market and fin tech market - which should allay the fears of potential investors. Please also join us on our website http://teachmzansi.science/ and on bitcointalk at https://bitcointalk.org/index.php?topic=2206266.0 Thanking you in advance.
A introduction to our blockchain.
The 2-Hop blockchain
Whereas conventional cryptocurrencies employ a single consensus reaching algorithm in their implementations, Duong et al. present in their paper a hybrid consensus algorithm that employs both Proof-of-Work and Proof-of-Stake components in its implementation. Block generation rounds thus oscillate between mining and minting phases. [2]
Analyses are offered by the paper as to the resilience of the 2-Hop blockchain against "51% attacks". The potential antagonist would need to possess more than 51% of both the computing power and the stake in circulation in order to perpetrate a successful attack. The difficulty thus compounded renders such an attack a financial impracticality. [2]
Their framework as presented suggests an open entry model where the potential participant may choose between holding a stake in order to mint the coins or committing hardware in order to mine the coins. One may also choose to both mint and mine coins should they have the resources necessary to commit to the ecosystem.
The economic empowerment mechanism presented by this paper, however, assigns the maintenance of the Proof-of-Work component of the 2-Hop blockchain exclusively to our target disadvantaged demographic comprising of adolescent students of rural Africa.
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