Introduction to cryptocurrency Cryptocurrency as virtual currency has gained popularity in the modern times because of the fact that it is hard to co
Introduction to cryptocurrency
Cryptocurrency as virtual currency has gained popularity in the modern times because of the fact that it is hard to counterfeit. It is difficult to counterfeit it because it employs cryptography for its security. The other great thing is that they are immune from any form of government interference or any kind of manipulation. One of the cryptocurrency you find now is BoostCoin. If you have heard about it or thing is the first time, this article offers you great information that will help you gain more understanding and find if it is worth.
What is BoostCoin?
This is a PoS/PoW cryptocurrency. Its PoW, period elapsed making it now a full PoS. During the time it was a PoW, more than 11 700 000 coins were created. This is one of the highest amount of coins to be mined compared to other cryptocurrencies. In the current PoS period, the supply of the coin has going high tremendously. It is estimated that the supply is going up by 10 percent annually which is a tremendous growth.
Growth of BoostCoin
BoostCoin is also the first coin to apply the X13 algorithm together with proof of stake in the cryptocurrency markets. These algorithms provide the required security against all the scrypt-asic miners from targeting the coin. BoostCoin has high level safety, making it great for any investor. This is one of the factors that have made it attract a lot of interest among many investors.
It is making great progress with more and more people using it in the exchange markets. Each day, there is an increase in the number of those using it. This increase is against the expectations that made people had anticipated from the beginning. With this high rate of growth, it is expected that it will go even further and become an authority in the exchange markets.
The developer has demonstrated high level honesty and has assisted in paying for costs to create this coin and make it have the right strength in the marketplace. With the big volumes of trade that it is enjoying in the market, it is advisable to check it out because it seems to be a great and friendlier form of investment.
Below are some of the specifications regarding BoostCoin.
· X13 algorithms.
· 515 coins per every block.
· 10 percent PoS interest.
· Sixty second block target.
· One hundred and ten confirmations for the blocks to be matured.
· There is no IPO
· 1 percent pre-mine for running, development and promotional costs.
· Fifteen coins per block to the foundation for long lasting support.