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What is Pure Coin?

What is Pure Coin?


Pure advertises “A Pure Blockchain .” A simple, pure blockchain . Pure’s vision is to create a truly fair and truly decentralized blockchain. The crypto  -currency Pure Coin was first introduced to the market on November 4, 2017, making it one of the most recent currencies of its kind. The currency known under the symbol PURE can be traded on all relevant stock exchanges on the Internet. Of the 3,966,000 Pure units currently in existence, 2,856,721 are in circulation. At the end of the mining phase, 20,000,000 PURE will be available.

Pure Coin – The Masternode Technology

Node is the English word for node. Each participant in a peer-to-peer network – for example, as a participant in a cryptocurrency – is such a node in the system. Simple nodes can help in a proof-of-work network to generate new blocks and thus new units to generate a cryptocurrency, which is called mining . Other tasks include securing the blockchain and maintaining the desired decentralization.

Masternodes, on the other hand, are special participants who help to verify and forward transactions. In the Pure network, any participant who has more than 2,500 units of cryptocurrency in their wallet can become a master node. For this purpose, a special software must be downloaded. As compensation for the work that the Masternodes spend, a certain percentage of the newly received Pure Coins will be deducted from each newly scraped block and paid out to the Masternodes. At the moment, this percentage is 65% of the 20 PURE generated per new block in the blockchain. Masternodes receive a certain return on their work.

Technical specifications and details of Pure Coin

The PURE blockchain is based on the X11 algorithm. It supports proof-of-work (PoW) as well as proof-of-stake (PoS) protocols. PoW refers to classic mining, where computing power is used to mine new units of a cryptocurrency by solving the problems of the algorithm. PoS, on the other hand, means that even those who keep a certain balance in their wallet will be rewarded for it. The decentralization of the Blockchain lives from many participants, PoS therefore offers a good incentive. At the moment, a new block is generated every three minutes. So Pure is about three times as fast as Bitcoin . The wallets are available for MacOS, Linux and Windows for download.

What is the current market capitalization of Pure Coin?

The crypto currency PURE was launched on November 4, 2017. As of November 14, the first market capitalization data was available, at $ 990,178 (USD) at the time. This was realized by a coin value of 0.377484.

The currency was very volatile, but always showed a clear upward trend, which led to a peak on 7 December. The market capitalization was $ 1,881,159, and the pro-coin value was $ 0.6798. Furthermore, Pure fluctuates more or less strong, but on December 16, the Coin value was again slightly lower at 0.455857 USD than in the days before. The stock market value is currently $ 1,302,256.

The post What is Pure Coin? appeared first on Technology Geeks | Gadgets | IoT | News.

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What is Pure Coin?


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