The Bitcoin Origin is the world’s first multi-fork, merging five of the most popular cryptocurrencies — Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash — into one powerful, smart contracts-enabled blockchain.
Proof of Ambassador (PoAm) provides a high level of efficiency and security while consuming considerably less computational power.
An ambassador is nominated based on the reputation earned on the network. Reputation is decided by holders of Bitcoin Origin tokens (ORI) through voting. Public identity and reputation as the main criteria for selection making Ambassadors liable.
There are many benefits of becoming an Ambassador on the Bitcoin Origin blockchain. An Ambassador is the reputable and authoritative network validator. Let us pay some heed to the best reasons you should become a Bitcoin Origin Ambassador:
1. Authoritative Figure:
The Ambassador holds a lot of power as he is the reputable and authoritative Network Validator in the Proof-of-Ambassador system of BitcoinOrigin. The reputation is decided based on a number of variables by the Bitcoin Stakers themselves. This means that it is a fair game with consensual voting.
2. Financial Benefits:
Ambassadors are the ones who maintain the integrity of the network and benefit financially for doing so. This financial benefit is the key attention seeker to those aspiring for it. In terms of calculations, 15% of the total supply is awarded to the Bitcoin Origin participants holding a minimum amount of tokens every year and it is allotted pro-rata monthly. While 95% of the total fees go to the reward pool of Bitcoin Origin Distribution, 5% is allocated to the validators
3. Public Figure and the Face of Bitcoin Origin Project:
Ambassadors are the face of the campaigns and promotions of the Bitcoin Origin Project. They are the public figures and influencers who run the campaigns and promotions of the projects successfully. This makes the most important and influential element of the Bitcoin Origin System. They are elected by stakeholders; however, the success of Bitcoin Origin Project highly depends on their effectiveness in maintaining the public reputation and running successful promotions.
4. Accountability and trust build-up:
Since Ambassadors hold the Public Identity and Reputation, which are the only trusted elements in case of a distributed consensus, they are the ones who the community holds accountable and depends on them.
5. Selection Process and Transparency:
Selection of Ambassadors is a regressive process but is also repeated on a monthly basis, giving a fair chance to the right candidate. The Ambassador’s responsibility is to maintain and grow the reputation of the Bitcoin Origin Project in the most effective way.
6. Network and Other Variables:
With an aim to be the Ambassador in the Proof-of-Ambassador system of the Bitcoin Origin project, you build up and grow your network, your throughput and additionally work on your computational capabilities and throughput, memory access size and speed, uptime capacity and memory spaces and access speeds. These are the prerequisites and are verified in the Proof-of-Ambassador system.
7. Growth and Evolution Contribution:
The Bitcoin Origin Project is made in such a way that it builds up a reputation in the most diversified and the most autonomous manner, helping in the ever-evolving growth through the Proof-of-Ambassador system. This method is far better and effective than a commercial mining system evolved by unknown validators contributing towards it. This is better than the apparently decentralized PoW which has lost its decentralized essence in recent days.
Here’s video explaining Bitcoin Origin in short:
To join the Bitcoin Origin chain and become an Ambassador, visit https://www.bitcoinorigin.io/
Read the Position Paper at https://www.bitcoinorigin.io/pdf/BitcoinOrigin-PositionPaper.pdf
Join the Telegram group at https://t.me/BitcoinOriginHQ
Name: Magdél Steyn
Cell no.: +27 74 102 4851
TG group link: https://t.me/BitcoinOriginHQ