How blockchains are meant to be - In line with original Satoshi ideals.
The concept behind Bitcoin’s original whitepaper was to have users mine coin on their home computers as incentive for supporting the network. Over time, as developers took over the direction of Bitcoin, this innovative concept for decentralization was corrupted by the development of mining software and expensive hardware specifically designed to mine BTC.
This led to the centralization of power on the Bitcoin network, allowing those who have enough money to buy massive amounts of ASIC machines, to control consensus and earn most the rewards. Now the future of the network was in their hands.
QORTAL’s Minting System removes the influence of money over the network. Instead it uses time as its main measurement of influence, where users upgrade to higher levels of influence the longer they run a full node supporting the network. To become a Minter, and receive a reward every time a new block is signed, one must receive a sponsorship by another Level 5 or higher minter.
Level influence is used in the upcoming voting system that will drive all future development of the project. The DAO consensus will essentially be run by time and hopefully allow for a long-lasting chain that will outlive us all and serve as incorruptible baseline infrastructure for the future internet.