What is the Attendance Manager (How to handle attendance management)

The Attendance Manager, according to official sources, is a model that allows investors to receive wages through a draw. Profitable companies with high risks in the virtual currency market can carry out attendance management business (referred to as “Attendance Manager companies” for short). After the implementation of the “National Public Service Activities Regulations” on April 28, 2018, the concept of “attendance” was proposed. This also means that organizations such as “founder team”, “employees”, and “consultants” no longer accept investment and promotion. The “founder” will need to pay corresponding taxes for the work coins they hold.

How is attendance management handled?

Attendance management refers to the existence of an untrusted and uncontrollable state in the distributed storage of blockchain. This state is recorded by a block, and this node generates blocks through calculations and submits information to the mining pool. Then these transactions will be broadcasted to other data centers in that block for verification (if not confirmed), making the entire system more secure and more resilient. For some decentralized applications, it also provides better performance guarantees. Since Bitcoin mining is a very complex process that requires a lot of computational power, a lot of work is required. Therefore, the Ethereum community has proposed a new concept of “hibernation” over time. With the passage of time, we will find that many problems can be solved using zero-knowledge proofs. However, when discussing solutions to this problem, we often hear people propose the use of zero-knowledge proofs because most people already know how to achieve such a large delay with a single algorithm.