What is Ether-1? We will be using a fork (using the same code-base, but different ledger/chain) of the Ethereum protocol to base ourShow more [+] network on. The network will use the popular Ethash proof-of work algorithm for consensus generation and will evolve with any up-stream Ethereum protocol changes as we see fit. The backbone of the consensus and economic systems will operate upon our tradeable currency. This currency will offer the incentive to both publicly contribute to the consensus mechanism along with incentivizing people to operate their own masternodes. It will also power the DNS-like data hosting mechanism keeping the entire system based completely on public consensus.