DI Dr. Roland Alton-Scheidl
FairCoin facilitates a next generation approach for creating blocks in a blockchain. Blocks are created in cooperation, by so called "co-operatively validated nodes" (CVNs). The proof-of-cooperation (PoC) power consumption is negligible compared to mining and minting found in other blockchain mechanisms. Operational parameters such as the fee can be adjusted dynamically by chain admins in accordance with a consensus based assembly decision. The FairCoop community has built several tools and a market to foster a fair global economy with FairCoin.