Microtransaction platforms for games, tipping and ad-free content will drive consumer adoption
- ICO start: 17. Nov 2017
- ICO end: 17. Dec 2017
Technology: Neucoin blockchain
Neucoin ICO Short Review
NeuCoin is a decentralized peer-to-peer cryptocurrency derived from Sunny King’s Peercoin, which itself was derived from Satoshi Nakamoto’s Bitcoin. As with Peercoin, proof-of-stake replaces proof-of-work as NeuCoin’s consensus mechanism, effectively replacing the operating costs of Bitcoin miners (electricity, computers) with the capital costs of holding the currency. Proof-of-stake also avoids proof-of-work’s inherent tendency towards centralization resulting from competition for coinbase rewards among miners based on lowest cost electricity and hash rate.