Proof-of-stake (PoS) is a method of the cryptocurrency protection based on the need of the proof of keeping a certain amount of funds in the account. When using this method the cryptocurrency algorithm is more likely to choose an account with a larger amount of funds for the confirmation of another block in the chain. The principle of the E-Dinar Coin algorithm is as follows: during the performance of the transaction it is must be confirmed tenfold; each of the computers, confirming the transaction, receives remuneration that is calculated in the following way: it takes into account the age of the coins that are stored in the user’s account and upon the reach of the age of adulthood it increases within a number of days (period) depending on the amount that was held in the account of your wallet and multiplied by the interest rate (up to 0.65% per day). What is a cryptocurrency? This is the greatest innovation of the financial world in recent years. The term "cryptocurrency" means virtual currency that is protected by cryptography. First of all, this is a fast and reliable payment and money transfer system based on the latest technologies beyond the control of any government. Crypto means "hidden" or "secret." Accordingly, none of the banking systems affects the mining process, cost and number of cryptocurrency. The advantages of using cryptocurrency in the stores, restaurants, and fast food places. Today, in the US over 100 restaurants work and accept cryptocurrency as a mean of payment. According to CoinMap, nowadays over 7600 places (restaurants, cafes, bars, stores and supermarkets) allow users to freely buy goods and services by using digital cryptocurrency. In the process of implementing a new project, E-Dinar is also developing a network of partners among the stores and restaurants (consumer network), […]
