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Foam

Foam (FOAM)

$ 0.00
Main info
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Market cap
$74.41K
Circulating supply
964,193,831 FOAM
Total supply
1,000,000,000 FOAM
Max. supply
1,000,000,000 FOAM

About Foam

Technology

FOAM incentivizes a distributed network of beacons with radio transceivers, called Zone Anchors, to be deployed. The first step in joining the network is sending signals to connect with and discover nearby Zone Anchors.

Proof of Location depends on accurate and synchronized clocks. Zone Anchors send messages until a consensus can be formed on the precise time. The timed difference of messages sent and received allow for location to be calculated and the geometry of the network to be determined. We rely on a Byzantine Fault tolerant clock synchronization protocol.

Network Operations

Once synchronized, groups of Zone Anchors can establish a Zone and pledge to offer location services that are enforced by smart contract safety deposits, which provide accountability to faulty behavior. A Zone maintains a quorum on Time and Space.

Key data

updated $0
Market cap$74.41K
Volume 24h$0
Circulating supply964.19M96% of max 1B
All-time high$0.15-97% from peak · 2021-03-27