Proof of Transaction – A Revolutionary New Model or Just a Passing Trend?

Recently, a foundation called TAU came out with their initial ongoing whitepaper, where they describe a new consensus algorithm that was designed as the basis of a cryptocurrency platform which promotes transactions, as opposed to holding or staking tendencies for users.
The consensus model is called “Proof of Transaction” and it is designed to provide security, transparency, and immutability by leveraging the transaction history of wallets to create a block. For the test network, th