how mine this coin? PoW(algo), PoS, DPoS, MN?
Dear CryptTech,
Thank you for your question.
IoP is currently running on PoW with SHA256, but we'll shortly switch it to DAG.
It was the intetion to create a 'simple' pos + pow combination. However we will go much further than that and make something a lot better IOP will introduce a new consensus algorithm based on the idea of a directed acyclic graph, or DAG.
The DAG concept has been popularized by projects such as IOTA and HEDERA. Its similar to blockchain, but instead of competing against each other to produce the next block on a single chain, nodes gossip with each other about network events to produce a web of messages, all linked through cryptographic hashes. With the release of the new consensus algorithm, IoP will have completed its basic infrastructure. We will then open up transaction confirmation and coin generation to the public, creating a true P2P economy.
Currently only Chapters can mine with whitelisted addresses.
In case you are interested to open a chapter, just write it into #chapter-requests on Discord;
https://discord.gg/xENSXwkPost your report at the end of each Month and wait for the result of the Community Voting (it last for 1 week).
The best 31 Chapter will get a mining license. In addition, there is an extra reward, distributed depending on the chapter ranking.