FARGOCASH was created to implement the unique FARGOCASHPAY platform and solve problems of the crypto-currencies existing in the market, such as Ethereum, Bitcoin, Bitcoin Cash, etc., which do not have sufficient decentralization or sufficient transaction speed.
Also, due to the fact that these crypto-currencies have a relatively high transaction cost as a result of the initial implementation peculiarities,and Ethereum has actually spoiled the network and the transaction price has gone up again.
FARGOCASH combines two algorithms of consensus: Proof-of-Work and Proof-of-Stake. PoW is used for initial coin distribution and maintaining network security until it becomes highly decentralized. PoS will provide scalability and reliability of the network while not requiring network participants to use a large number of resources (such as electricity) to confirm transactions.
The issue of FARGOCASH coins is 6,000,000,000 FRGS of which 900,000,000 FRGS is a pre-mine issued for the creation of the FARGOCASHPAY platform, a crypto online wallet for payments and crypto currency exchange around the world.
FARGOCASH is a crypto currency, which can be used as a means of calculating, exchanging, and also as a means of accumulating profits with Masternode – 60% (400 FRGS) and POS – 40% (600 FRGS).