Boom Coin
BOOM

0.01724
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 0
BOOM
$
Description
After ten years of evolution since the birth of Bitcoin (BTC), BTC has been widely popularized and implemented, proving the feasibility of distributed, transparent and unchangeable point-to-point payment. But the way BTC implements the proof of work(POW) and the maintenance of the entire network, determined to waste a lot of resources, has made BTC a game between few mine overlords since the emergence of ASIC mining machines which lead to a higher threshold of BTC mining. As time goes on, the distribution of BTC is becoming more and more aggregated, far away from the decentralization idea of Satoshi Nakamoto. Boomcoin is a new currency brought out recently based on Proof-of-Capacity(POC). POC consensus abandons many defects of POW and the electricity consumed in each transaction of Boomcoin is about one in hundreds of thousands of BTC. Boomcoin optimizes the mining mode of POC consensus with efficient transaction dealing, flexible architecture and perfect Turing protocol, developers can create advanced applications within Boomcoin.