LEOcoin, an Entrepreneur’s Alternative for Bitcoin Moves to Proof of Stake
LEOcoin, the bitcoin like cryptocurrency for entrepreneurs has shifted from the previously implemented Proof of Work (POW) to Proof of Stake (POS) consensus algorithm. LEOcoin has also added few exciting products into its portfolio.
LEOcoin, the cryptocurrency created by London-based LEOcoin Foundation has made an important change to its protocol to make it more robust and user-friendly. The organization reports successful migration from the previously used Proof of Work consensus protocol, similar to that of Bitcoin to a more efficient Proof of Stake consensus protocol.
The introduction of Proof of Stake algorithm makes it possible for everyone to get involved in the staking process, without having to invest in specialized equipment like ASICs or mining farms. Anyone who can operate a computer can now take part in the staking by opening their free to use LEOcoin wallet and clicking on a button. By eliminating the need for specialized equipment LEOcoin offers a greener alternative to Bitcoin, drastically reducing the carbon footprint for every newly created coin.
LEOcoin has also introduced a new rewarding structure for staking depending upon the number of coins (stake) held by each participant. Dan Andersson, the co-founder of LEOcoin offers a brief outline of the new rewards structure where those holding 1000 LEOcoins or more will receive about 10 percent returns per year, while those with 5000 and more will receive 15 percent and those with over 50000 will be receiving 20 percent returns on their stake each year.
There are also new platforms being created to help spread adoption of LEOcoin, as well as other digital currencies. The latest products include My LEO Travel and LEOcoin Merchants. My LEO Travel is a travel and hotel booking platform where people can plan their trip and pay with LEOcoin alongside other payment options.LEOcoin Merchants is a recently launched site that displays merchants and businesses who are happy to accept LEOcoin in payment for the goods and services.
LEOcoin is a digital currency created in 2014 by the LEOcoin Foundation for entrepreneurs and businesses. The digital currency allows individuals to make fast and secure transactions over a decentralized peer-to-peer network. Like Bitcoin, LEOcoin offers a certain degree of anonymity and it is simple and easy to use. The Proof of Stake algorithm used in LEOcoin also ensures active community participation, further strengthening the network every passing day.
LEOcoin has been appreciated by various diplomats and bureaucrats from across the world. They have also extended their support to the digital currency ecosystem created by LEOcoin. The founders of LEOcoin have participated in various international events and gatherings, rubbing shoulders with powerful people from governments who are striving to promote entrepreneurship and businesses in their home countries and outside alike. Recently, LEOcoin was supported by a representative from the Chinese Embassy to the United Kingdom among others in an event which saw diplomats from over 20 countries in attendance.
About LEOcoin
LEOcoin is a cryptocurrency conceptualized by the well-known UK-based entrepreneurial skills training company Learning Enterprises Organization. LEOcoin is a decentralized, easy to use peer to peer digital currency maintained by LEOcoin Foundation. It is supported by a large community of established and aspiring entrepreneurs who are actively involved in building the LEOcoin community and increasing its adoption across the world.
To know more about LEOcoin, please visit: https://www.leocoin.org/
Learn about Learning Enterprises Organisation here: http://www.learnearnown.com/
LEOcoin on Bitcoin Talk: https://bitcointalk.org/index.php?topic=1545712.0
Visit My LEO Travel at: https://myleotravel.com/
LEOcoin Merchants is available at: http://leocoinmerchants.com/
Trade LEOcoin:
https://www.leoxchange.com/MarketData.aspx
https://www.cryptopia.co.nz/Exchange/?market=LEO_BTC
https://leobit.net/exchange/btc
https://c-cex.com/?p=leo-btc
https://www.livecoin.net/
Related News
UK-based Learning Enterprises Organisation (LEO) has launched a completely anonymous digital currency LEOcoin to rival the industry leader Bitcoin. The Bitcoin alternative launched in London on Wednesday will officially begin trading on a Hong Kong-based, global LEOcoin exchange LEOxChange from April 2. The coin will be recognized by other exchanges as well. Dan Andersson, the co-founder of LEOcoin believes that the new currency will have "greater usability and accessibility than other cryptocurrencies." To promote wider usability, the organization has launched wallets for different....
LEOcoin is a relatively new digital currency that operates on a blockchain-based, peer-to-peer network. Entering a market saturated with altcoins, this project will have to set itself apart from the crowd if it wants to avoid getting drowned out by all the altcoin noise. LEOcoin Attempts to Address the Needs of Business in the Technological Age. The team behind this project seems to recognize the uphill battle they face, and wants to differentiate their coin by optimizing it for business transactions. LEOcoin, using a proof-of-stake algorithm, is “designed to be a world currency and the....
LEOCoin representatives indicate that LEO founders Dan Anderson and Atif Kamran have denied taking part in any wrongdoing for their involvement at UNAICO. A formal statement on their association with the group can be found here. The latest bitcoin alternative to garner media attention, LEOCoin has so far trumpeted the more than 130,000 merchants that have allegedly signed on to accept it as payment. This claim, the headlines assert, suggests that LEOCoin is quickly gathering interest from an international community. However, representatives of the project have for more than a week been....
The much-publicized LEOCoin seems to have entered murky waters within weeks of its launch. According to the reports, LEOCoin, which claims itself to be the competitor of Bitcoin isn't coming clean about its operations. To make matters worse, questions are being raised about the history of LEOCoin's founders - Dan Anderson and Atif Kamran. LEOCoin is part of the UK based Learning Enterprises Organization. The company is involved in offering a suite of products and services related to business education and learning. LEOCoin claims to have already signed up over 130,000 merchants to the....
LEOcoin is a good example of what a pump & dump coin looks like, user beware. LEOcoin was 'launched' on the 25th of March (2015) and comes forward with bold claims of being the world's second largest digital currency. This claim seems based on the users, LEOcoin claims to have 100,000 entrepreneurs already using the currency though it only launched on the 25th of March. Despite only just being launched some 100,000 entrepreneurs are already actively using the currency in anticipation of its trading debut, making it second only to Bitcoin. We are currently in pump stage. Contrary to the....