The Whive protocol will contain the following specifications:
The protocol will have its crypto-token generated and distributed through mining.
The token symbol which is also the name of the wallet is WHIVE.
The smallest unit of the crypto-token will be 0.00000001.
There will be a maximum supply of ~63,000,000 crypto-tokens with No Premine and No Initial Coin Offering (ICO).
The tokens will be generated and distributed through a mining process with a fair launch, announced publicly on the Whive social media platforms.
The protocol will make use of the Delegated Proof-of-Work (D-PoW) merge mining algorithm partially secured by the network of Bitcoin miners and also partially secured by the participating network nodes; particularly through distributed mining pools.
The protocol will have a hierarchical architecture with full mining nodes i.e. specialized computers known as Graphics Processing Units (GPUs) processing transactions with a second set of nodes i.e. generic computers known as Central Processing Units (CPUs) contributing resources collectively to process transactions in a virtual pool for a stake in the mining earnings.
The protocol will support between 7 - 20 transactions per second on a Segregated Witness (Segwit) enabled block-weight of 4 MB similar to Bitcoin. The protocol will adopt the latest Bitcoin source code to remain compatible.
The protocol will allow for a differentiated scripting language that supports Machine to Machine interactions utilizing Trustware; which is hardware that governed by the protocol’s smart-contract scripting language. This give the protocol in-built support for Internet-of-Things (IOT) and Artificial Intelligence (AI) applications.