Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes. It performs a sustainable economic cycle by using a PoC (Proof-of-Capacity) consensus algorithm which results in low power consumption, high security, and high-speed transaction.
The Fruits Eco-Blockchain Project uses a PoC (Proof-of-Capacity) algorithm to create an eco-friendly and sustainable economy that is open to everyone. It performs a sustainable economic cycle with extremely low power consumption, high security, and no transaction fees. The economic cycle created by such PoC provides a unique blockchain economy that aims to revitalize global charity.
Currently, Fruits (FRTS) is based on ERC20 to raise funds, but they are planning a large-scale hard fork which will shift everything over to our original blockchain economy that uses a PoC algorithm. The hard fork is scheduled to start from September 20th, 2021, and it will be done in a way that does not affect users who already have FRTS. In addition, the FRTS wallet is also scheduled to go live on September 15th, 2021.
Proof-of-Capacity is an eco-friendly consensus algorithm that allows mining devices used in the blockchain network to compute and store solutions on your available hard drive space to mine and validate transactions.
Low Power Consumption
The FRUITS PoC is able to function with such Low Power Consumption because of the mining calculation method (consensus algorithm).
This PoC algorithm uses a random draw method for mining, which eliminates meaningless time and power.
Since it is not competitive mining, which is said to consume enormous amounts of power, only 1 to 3 terminals (nodes) are involved in a transaction per transaction completed on average.
The FRUITS PoC is characterized by a small number of terminals (nodes) participating in transactions related to mining processing.
It is designed so that our mining process is performed by grasping the time zone and course where data can easily be passed.
Therefore, no matter how many transactions are processed, it can always keep the transaction speed at the highest speed.
In the FRUITS PoC, the original data combined with the combination pattern will be deleted after the mining process is over, so that the blockchain data cannot be tampered with.
In other words, after the mining process is over, the history of which node added which hash value will remain, but once the mining is completed and recorded in the block, it will be impossible to alter the original data.
Thyey have also incorporated an AI GA (Genetic Algorithm) and NN (Neural Network) technology for this deletion and organization process.
Functions of Fruits Token Economy
A sustainable eco-friendly blockchain, which is the basis of “FRUITS”, is built through PoC and multi-layered smart contracts, which are made possible because of the Fruits PoC Fruits coin is a new form of spending that combines consumption, donation, and incentives to convey the enjoyment, satisfaction, appreciation, and significance of donation to people who have never been interested in it before. We hope to create a world where people can donate directly to organizations and individuals. With the goal of “One’s spending’s leads to another’s savings”, we aim to create a unique token economy that supports charity projects that send money to organizations and individuals in need of donations and actualize the international development goals of the 17 SDGs adopted by the General Assembly of the United Nations.
With the multi-layered smart contracts, the Fruits blockchain was designed so it can be widely used and not only for one purpose. With this multi-layered smart contract, we are implementing a function where consumption is directly linked to charity.
When you make a payment (or a donation) with Fruits coins, you will be granted with Smile coins which are specifically made for donations. Once you donate using Smile coins, you will then be given Fruits Seed Tokens that can be used for different purposes
No Transaction Fees
Fruits is working on a PoC consensus algorithm to create a sustainable economic cycle without the need for transfer fees. Whether it is donation transfers/payments or non-donation related, there will be no transactions fees to send or receive tokens between Fruits Wallets.
The 3 features implemented through PoC (low power consumption, high-speed transaction, high security) make it possible to reduce unnecessary costs and waive transaction fees because there is no competition for mining and no need for high-spec mining equipment.
Other Features of Fruits Eco-Blockchain Project
Due to the 3 features created by the Fruits PoC there is no competition for mining and no need for high-spec mining equipment, which results in the reduction of unnecessary costs and eliminates transaction fees between those who send or receive tokens between the Fruits Wallet.
In addition, the blockchain is also built with multi-layered smart contracts. With the multi-layered smart contracts, we have directly connected people’s consumption to charitable giving. By spending or donating your Fruits coin through the Fruits Wallet, you are given Smile coins (coins specifically for donating), and when you donate with Smile coins, you will receive Fruits Seed Tokens that can be used for different purposes.
With all the above, they hope to create an eco-friendly blockchain economy where “your spending’s leads to another’s savings” and yjru aim to contribute and actualize the international development goals of the 17 SDGs adopted by the General Assembly of the United Nations.
Where Can I Buy Fruits (FRTS)?
FRTS is currently available for trading on multiple exchange including CoinsBit, ProBit Global, XT.COM. All exchanges offer a trading option with either Bitcoin (BTC) or Tether (USDT).
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