Proof of time concept

This is a first crypto-faucet representing "proof of time" concept using Privateness cryptocurrency (NESS and NCH).

        — — — — — — — [LT] — — — — [T] — — — — — — — — [RT] — — — — NOW()
        

        T — token
        LT — nearest left token
        RT — nearest right
        token_dist (token distance): distance from token to NOW() moment.
        min_dist (minimum distance): distance to nearest token (LT or RT).
        progression_level: level of Arithmetic progression.
        time_price: price of one second of time.
        price: final price of token.
        

        progression = min_dist
        progression_level = 1

        while (progression < token_dist) {
            progression_level++
            progression += min_dist * progression_level
        }

        price = time_price * token_dist / progression_level
        

Token

        token = “token_unixtime-signature”
        

Signature

        sig = sign(priv-key, “H:M:S YYYY-MM-DD Privateness POT”)
        verify(pub-key, sig, “H:M:S YYYY-MM-DD Privateness POT”)
        

Links

• Github
• Article (Medium)
• Privateness homepage