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Starts
Apr 28th 2015
3 years ago
Ends
May 1st 2015
3 years ago
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. NeuCoin increases security relative to Peercoin and other existing proof-of-stake currencies in numerous ways.

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