Neucoin Releases Whitepaper on Proof of Stake, Looks to Improve on Current Designs
Neucoin recently released a white paper arguing that Proof of Stake (PoS) is superior to Bitcoin’s high costs, mining centralization, and ever-increasing costs of bitcoin mining hardware. Neucoin’s white paper also highlights the scalability of PoS vs. PoW. The paper argues that PoW transactions need to increase 100 times in order to maintain the current incentive for bitcoin mining. “We designed NeuCoin’s high PoS rates to reward all the early investors: they enable the development of NeuCoin’s first utility and as such are the cryptocurrency’s most valuable supporters!One of the most....
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NeuCoin, an extensively modified proof-of-stake cryptocurrency based on Peercoin, released its 39-page whitepaper Wednesday, following a year of development. NeuCoin, its developers say, has the potential to “realize Satoshi’s original vision” by addressing the issues of increasing transaction fees, centralization of mining and divergence of interests between miners and regular coin holders in Bitcoin. Through the utilization of proof-of-stake as opposed to Bitcoin’s proof-of-work, separate parties become united and transaction costs are reduced to a negligible amount. “We believe....
A little more than a week after release of NeuCoin's technical whitepaper, an intense debate been sparked between the proponents of the two main crypto technologies, proof-of-work (PoW) and proof-of-stake (PoS). Online forums including Bitcointalk, Peercointalk and Reddit, as well as NeuCoin’s own forum, have been playing host to the exchanges, which have drawn in not only lay community members but several of its household names. On Reddit, Bitcoin core developer Jeff Garzik began by fiercely defending Bitcoin from PoS supporters’ allegations that PoW is becoming centralized. “Transaction....
Digital currency startup NeuCoin's 60-day crowd pre-sale aims to raise the additional funds needed to prepare for the company's public launch this summer. One hundred million NeuCoin will be up for sale April 28 in exchange for bitcoin. The price will start at 25,000 NeuCoin for 1 Bitcoin (approx. $0.01 per NeuCoin) and increase by 1 percent each day. The pre-sale will end after 60 days or after all coins have been sold. The Paris-based NeuCoin startup has already raised $2.25 million from a group of investors. Co-founder Dan Kaufman is confident about the launch of NeuCoin and told....
Next-generation proof-of-stake altcoin NeuCoin has seen what developers have called ‘heavy interest’ in its April 28 presale since its announcement last week. NeuCoin, a fork of Peercoin seeking to provide improvements on the proof-of-stake currency model, will use funds generated in the presale to work on its micropayment platforms with partners Mondo Media and online music service Jango.com. Since the announcement, over 1,500 users have expressed interest in purchasing NeuCoin, prompting developers to implement tools to ensure both smaller and larger investors have the chance to purchase....
Its been a few months now since NeuCoin launched its much anticipated digital currency, and today, the organization has launched its first consumer application - giving users the ability to tip emerging new artists with NeuCoin through the Jango platform. Additionally, NeuCoin has launched a Facebook game - Solitaire Racer - which gives players the chance to earn NeuCoin while playing. Both projects are aimed at rapid growth and NeuCoin adoption among mainstream users who have not used cryptocurrency before. "It's about making crypto fun and available to mainstream users. The base goal is....