Author: Samuel

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NeosCoin

What is NeosCoin?

NeosCoin is a decentralized web platform that is built on the blockchain. It is free to enter and use, and you can earn rewards when you use NeosCoin on a daily basis. NeosCoin is an active platform, whereby after every 24 hours, contributors earn rewards through the native currency.

The idea behind NeosCoin and the subsequent decentralization is the belief in internet access free of censorship. Censorship is one of the reasons why so many brilliant ideas cannot come to light today.

NeosCoin is all about freedom on the internet. It is about being able to access whichever website you want to access without necessarily having to find a VPN service that will protect you. You should be able to go online without worrying about anything, or anyone reprimanding you for sharing your thoughts, in a good way, or for the greater good.

People should use the internet to speak up against the ills that are happening around them and create awareness about things that are dear to them, like democracy and talk about corruption.

NeosCoin uses new and advanced technology to allow users access to a highly responsive internet experience, one where there is no restriction.

More importantly, NeosCoin has created an internet platform that is free, in an ecosystem that allows users the freedom of participation, curation and allows them to earn by performing tasks that improve the NeosCoin ecosystem.

What is the problem that NeosCoin Solves?

The struggle to attain a good internet presence has been with webmasters for a very long time. You must think about creating and sharing quality content and hope that your audience will engage with it the way you want them to. After all, it is only through shareable content that you can create and maintain a good audience, drive sales from leads you create, and enjoy good returns from your online investment.

To achieve all this, you would need to build your website from scratch. You then have to get quality content to upload. It might seem easy on paper, but this is a process that is as tasking as it is exhausting. Experienced webmasters would probably know this too well. This is where the blockchain project NeosCoin is coming in handy.

Through NeosCoin, a lot of the challenges that have often been associated with content and websites will soon become a thing of the past. What NeosCoin is offering is an opportunity where webmasters have the utmost freedom. Anyone who is interested in building and running a website can now do it in whichever style they fancy.

NeosCoin uses advanced blockchain technology, making it easier for users to curate, share and earn money from the content they produce. While this is a new concept on the blockchain, quite a number of people have given it a try already.

For people who appreciate the traditional concept of secure web hosting, security online and the convenience of accessing content when you want, the NeosCoin project will appeal to you.

NeosCoin is a first in several aspects. This is the first PHP wallet that allows access to different exchanges. Therefore, users are in a good position as they can trade directly from the wallet. Given that the in-built exchange looks similar to BitTrex, there is no need for users to go through the struggle of learning a new system, just to trade their coins.

How does NeosCoin Solve the problem?   

A good number of blockchain projects restrict the algorithms under which users can mine coins. In fact, most projects only allow users to mine on one algorithm. With NeosCoin, users can mine on three algorithms, Sha-256, Blake-256, and X11.

This is aimed at making NeosCoin accessible to as many users as possible. ASIC miners are more inclined to use Sha-256. This is because the other alternatives require computers that have high resource requirements, especially the GPU.

At the moment there are a lot of governments, especially oppressive dictatorial regimes that are cracking down on citizen freedoms all over the world. This level of censorship keeps increasing all over, and with it, the internet citizen’s freedom is diminishing. People are afraid to speak out on issues that affect them because they are afraid of the ramifications of their actions online.

To combat this, a decentralized internet is important. This is one of the basic promises of most blockchain projects, as is the case with NeosCoin. Any website that you access or create on NeosCoin is written directly into the NeosCoin ecosystem. With this in mind, users are free from censorship attempts because the governments cannot take the website down on a blockchain platform.

What makes NeosCoin better than the competitors?      

There are several blockchain projects that are out to tackle the traditional website management realm as we know it. This, and the fact that there is a lot of work going on to improve the internet experience for users, there is a lot of competition that NeosCoin is up against. That being said, however, the following are some of the reasons why NeosCoin is still ahead of the pack:

Ease of Access

NeosCoin is a very unique project. This is the first coin that was developed and written in PHP. PHP is one of the most common computer languages. If you meet any developer, chances are high they are either developing in PHP or have a good knowledge of it.

So popular is PHP that even people who might not be developers but have some basic programming knowledge to understand it. Therefore, this makes NeosCoin one of the most accessible blockchain projects so far. To access NeosCoin, there is no need for a domain or hosting account.

Instant Transactions

This is one thing that everyone loves not just about NeosCoin, but about blockchain projects that are offering it. There is no need to worry about transaction lags anymore while waiting for confirmation from different third parties.

Coins that are used in NeosCoin are spendable in a very short time, almost instantly. This, compared to the time it takes to complete normal transactions makes it an appealing feature. You do not have to wait a long time for confirmations before your transaction can be processed.

Privacy Guarantee

One of the features that have been promised in so many blockchain projects is privacy. Users need the assurance that at all times, their information is safe, and not available to anyone who might be interested, as is the case with the normal internet ecosystem right now.

With NeosCoin, this privacy is possible. You get to spend your coins whichever way you want to. All this is possible thanks to the use of Masternode technology. This technology allows users to perform stealth transactions, which gives you the power to decide how private your transactions will be.

Trading In-Wallet

A common challenge that most projects have is that there are restrictions or limits to the exchanges where users can trade them. This is not the case with NeosCoin. You can actually trade through the NeosCoin wallet in a number of exchanges. You do not even need to log out. From the NeosCoin wallet, you can place transaction requests, cancel them and store coins. As the NeosCoin ecosystem keeps growing, more exchanges will be added on to the platform.

Encryption

Everyone is worried about their information being intercepted when he or she is online. This is why NeosCoin created encrypted messaging. Through this, you can interact with other NeosCoin users without worrying about someone snooping into your conversations. The only people who have access to messages are the recipients and the message curator.

Supports Tor

Privacy is one of the key highlights of using the NeosCoin blockchain. A lot of projects are built around the Tor network with respect to privacy concerns. NeosCoin is no different. In fact, instead of Proof of Work (PoW) that is used by a lot of projects, especially those that leverage their resources on Bitcoin, NeosCoin uses Proof of Stake (PoS).

PoS is an efficient algorithm in terms of resource allocation and utilization. It also offers protection for the network. What is more interesting about the NeosCoin network is that each hour, there are 60 blocks that are generated. If you stake, you are rewarded with 0.5 NeosCoin for each block you stake.

The Tor project has always been effective in providing the much-needed security when browsing online. Whether you are browsing through geo-restricted news sites or social networks, you can bypass most of the restrictions through Tor. You can also use Tor to stay anonymous when you are online.

No downtime

By offering users a platform where they can access the internet without worrying about hosting, NeosCoin creates a platform where there are no downtimes.

Downtimes are any webmaster’s nightmare. No one likes to wake up in the morning to find clients complaining that he or she cannot access the website. This often means loss of revenue.

Websites that are created in NeosCoin are written on the blockchain, meaning that there is no need for a hosting platform. Apart from making the websites accessible all the time, this also means a significant reduction in costs that users would have had to pay for hosting plans, and does away with the challenges involved in hosting.

How can NeosCoin be categorized?

NeosCoin is a decentralized web browsing platform. It is a project that was built with the aim of decentralizing the internet and doing away with the normal challenges like censorship, which are inhibiting people from fully utilizing the internet resources at their disposal.

What’s NeosCoin’s vision on Security?

NeosCoin runs on a Proof of Stake algorithm. The level of security on this algorithm is such that there is a single chain where there are no more operating chains that contain valid transactions.

Examples of NeosCoin use cases/applications

Given the segment of the industry that NeosCoin has been built to support, the following are some of the use cases where this cryptocurrency will come in handy.

Rewards

Users on NeosCoin can enjoy rewards from performing different activities online. There are rewards for different actions, like rating websites, rating content on websites, writing good relatable content or moderating content that is available in the NeosCoin blockchain.

The NeosCoin is about value addition online, so anyone who uses their time to help in curating quality content that makes a difference in the lives of the audience can earn rewards for their effort.

Community Participation

Other than the fact that it is a blockchain project, NeosCoin is also a community. It brings together people who share different ideas, all working together for a common purpose. In so doing, NeosCoin also acts as a social network.

Users here can view, share and rate content that they come across. The best thing about it is that by sharing this content with the community, you get rewarded, unlike in traditional social media platforms.

Publishing Content

Content publishers can also take advantage of the NeosCoin blockchain. There are so many platforms upon which publishers can manage and engage with their audiences. From websites that are loaded with informative content to blogs and vlogs, publishers can use the templates on NeosCoin to suit their needs.

It only takes a matter of minutes and a publisher can have their website up and running. Other than the fact that this is so efficient, it is also a cost-effective approach, which sees publishers save a lot of money in the process.

Creating Websites

While NeosCoin offers a platform where people can create websites and publish their content, the blockchain also offers a security guarantee to the users.

Any content that has been published remains on the blockchain forever. This is a good thing in the sense that it tackles the problem of downtime that has for a long time been a challenge for webmasters, forcing them to move from one hosting company to another. Without having to worry about downtimes, both the publisher and their audiences are in a good position to enjoy the collaborative effort in NeosCoin.

Resources

https://coincheckup.com/coins/NeosCoin

https://www.neos.sh/

http://original.neoscoin.com/

http://neoscoin.co/

https://github.com/neoscoin/neosv3-faq/blob/master/FAQ.md

http://neoscoin.co/?page_id=102

 

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PotCoin

What is PotCoin?

PotCoin was the first ever digital currency that enabled transactions within the legalized cannabis industry.

PotCoin is a community-based peer-to-peer network, offering low cost and instant transactions and runs on proof of stake (PoS) algorithm.

PotCoin is an ultra-secure cryptocurrency. It offers both a banking solution and a networking solution for users. The idea behind PotCoin is to process legally purchased marijuana. While there is a growing attention towards marijuana, the industry has suffered from a lack of support from the traditional financial institutions.

At the federal level, marijuana has not been legalized. Therefore, banks find it difficult to support such businesses, creating an opportunity for cryptocurrency.

Trading in a virtual currency over a decentralized network is one of the promises that PotCoin has made the users, which is quite appealing. Besides, users are also able to accept and send money to any other country in the world.

On the blockchain, there is also the benefit of a lower fraud risk given how blockchain technology has been designed.

The marijuana industry is estimated to be worth $6.7 billion. Given the legislative upheavals that are going on at the moment, it is expected to be worth more than $50 billion by the year 2030.

If it brings its marijuana business online, the state of California alone can add another $7 billion to the current market value. These are impressive statistics that make investing in PotCoin a brilliant idea.

What is the problem that PotCoin Solves?

The blockchain has given rise to a lot of young and speculative markets. There is a lot of growing concern as to whether all industries really do need a cryptocurrency or a blockchain project.

This is the speculation that most people had with the cannabis industry.

While skepticism, healthy or not, was going to be one of the concerns that PotCoin needed to ride out, it has done so well. Contrary to what most people tend to believe, there is actually a strong case behind the need for projects like PotCoin.

The marijuana industry is growing fast, especially with increasing acceptance and legislation supporting the growth and commercialization of the plant.

Marijuana is getting accepted in more jurisdictions by the day, and this opens up markets for projects like PotCoin. With the current advancements in the marijuana industry in terms of legislation, there is a need for transparency, standards, quality checks, maintenance, and payment platforms. This, therefore, makes a strong case for the presence of PotCoin.

The cannabis industry has for a long time been shrouded in secrecy and underhand dealings, and by legalizing it, it might be difficult for a lot of people who had gotten accustomed to making the shift into mainstream commercialization. This opens up an avenue for getting cannabis on the blockchain.

How does PotCoin Solve the problem?     

The cannabis industry and blockchain are two unlikely bedfellows, complementing one another just at the right time in their development stage. These two are both emerging industries. They are just getting accepted and taking shape.

One of the biggest target markets for either of these is millennials. Both cannabis and blockchain technology are items that millennials are excited about.

They both share a good promise for the future but are not the kind of topics someone would be willing to discuss in a family meeting, especially with hardline traditionalists.

Cryptocurrency and blockchain technology have been touted to be the solution to most of the technology problems that we are facing at the moment. For an infant industry like the cannabis industry right now, there are two key issues that projects like PotCoin are out to solve:

  • Payments
  • Supply chain

Payments

Marijuana has been legalized in so many states in the US. Other countries are following suit, and people are increasingly tabling discussions in their respective legislature houses about the legal status of cannabis, and the reasons why it should be legalized.

There are many reasons why this discussion is being held, whether for the medicinal use, recreation or for use in products with a low content of THC.

With the status change, there is, however, the challenge that most of the outlets that are selling cannabis products do not have the systems in place to handle checks, debit or credit cards, or any other form of conventional payment.

This particularly applies to the stores that are dealing in recreational cannabis.

Banks have made it increasingly difficult over the years for business owners to create and run accounts for marijuana businesses. Therefore, a lot of such entrepreneurs have to operate on a cash basis, and this has so many risks.

There are more than 11,000 banks in the US alone, and only 300 of these are willing to support the marijuana industry at the moment.

There is always the option of online payment platforms like PayPal, but these also have the tendency of suspending an account should they suspect money laundering or any other breach of their terms of trade, whether they can prove it or not, for fear of reprimand or backlash from the federal government.

Therefore, as it stands, the banking world does not have systems in place for cannabis growers and entrepreneurs. Most of the people who engage in cannabis are unbanked.

PotCoin offers a trustless solution for businesses whose primary objective is trading in cannabis. Other than that, by using cryptocurrency, this will also become a way of introducing cashless purchase options for stores that do not already have one.

Supply Chain

Other than solving the payments problem, PotCoin and the blockchain can also help to make the supply chain smoother than it currently is. As has been mentioned before, there is a lot of secrecy in the cannabis industry, and as a result, transparency might be a mirage.

However, by introducing PotCoin, the blockchain project brings a level of transparency to managing the supply chain, which means every step of the distribution process could fall under federal tolerance, and state regulation having met compliance standards.

In 2012, soon after recreational marijuana was legalized in Colorado and Washington, the US Department of Justice presented a memorandum, tolerating state-regulated cannabis industries, only if they met certain guidelines, including prohibiting the sale of legal marijuana to states where marijuana was illegal.

By connecting all the players in the supply chain through the blockchain (sellers shippers and growers) it becomes easy to do away with the risk of illegal trade of marijuana where it is not legalized.

The players simply need to enter the relevant details of their products and shipments on the blockchain. This also helps to determine how much supply is in stock and how much has been sold.

It becomes easier to monitor inventory, audit and identifies abnormalities in the supply chain through a simple scan.

This also allows for tracking and verification of the marijuana ecosystem. This is the level of transparency that PotCoin is bringing to the marijuana industry.

What makes PotCoin better than the competitors?         

There are not so many blockchain projects that are dealing with marijuana. However, given the nature of the industry, as it is, the following are some of the reasons why PotCoin is ahead of the pack:

First entrant

One of the advantages that PotCoin has over the competition is the fact that they enjoy the first entrant position.

By taking the risk and venturing into the market before everyone else, PotCoin endeared themselves to the users, making it easier for them to associate with it.

PotCoin was the first blockchain project in the cannabis industry and has since remained a leader in that realm. This also allows them the position and benefit of exploiting developments and technology available in the blockchain industry.

Marketing

Another area where PotCoin has been able to outshine the competition is in marketing. They have an able marketing team that has fostered partnerships with influencers around the globe.

Case in point, when they supercharged the price of the currency by having former NBA star Dennis Rodman in a PotCoin emblazoned shirt on a trip to Singapore at the same time when the world was witnessing the historic North Korea-USA meeting.

Soon after Rodman appeared in the PotCoin shirt in Singapore, the cryptocurrency started trending online.

What is even more interesting is the fact that in Singapore, marijuana is illegal. In fact, smoking marijuana in Singapore attracts the highest possible punishment, the death penalty.

Middlemen

Against the traditional marijuana market, PotCoin has offered a solution to many problems that have plagued the industry.

There are so many illegal activities that are associated with the marijuana market, and most of these can be traced back to middlemen in the process. Middlemen make business difficult for growers and buyers and anyone else in the process.

Through PotCoin, the entire production process is streamlined, meaning that at all times, there will be transparency.

Development Team

PotCoin is backed by a solid team of developers. Having a talented team of individuals backing any project is the perfect recipe for success, as has been the case with many projects over the years.

PotCoin has an intuitive cryptocurrency website, that is user-friendly, slick and comprehensive.

Anyone who wishes to invest in the project, learn about it or interact with the PotCoin community can simply access the website and find out as much information as they need.

From experts in sales, social media coordination, marketing, and developers to create a toll-free number, PotCoin has gone out of its way to encourage confidence in the project from users all over the world.

Instant transfer

One of the benefits of using PotCoin is that it allows users the ability to complete transactions instantly. This takes away the challenge of unnecessary delays that are often associated with traditional banking systems where applicable.

Maps

The development team at PotCoin have been working on making it easier for users to access PotCoin dealers. In this regard, they have created a map online for all businesses which accept PotCoin as a form of payment. This way, you can easily check the businesses in your area and find out which one you can trade with.

How can PotCoin be categorized?

PotCoin is a digital currency that is specifically designed to address the financial management challenges that are inherent to the marijuana industry at the moment.

While initially launched as a Litecoin-QT fork, PotCoin has since advanced and among other improvements, it is running a Proof of Stake Velocity algorithm.

What’s PotCoin’s vision on Security?

The PotCoin project is built with security being one of the top priorities, hence delivering a blockchain platform that is packed with innovative features. At least 98% of the coins are stored offline, which means they are safe from loss or theft.

Examples of PotCoin use cases/applications

Using PotCoin is very easy. It has been designed for two types of users, consumers, and businesses.

Consumers

First, you have to select a wallet that you prefer. While there are other wallets available from where you can manage and use PotCoin, PotWallet is one of the best available, given that it is specifically designed with PotCoin in mind.

Creating a wallet is free, and you should have this done in a matter of minutes. You can also research and find out more about the wallets that are supported by PotCoin.

The good thing is that most of the wallets you will come across are built to run on most, if not all of the operating systems available, from Linux to Mac OS.

With a wallet, you can then visit any exchange where PotCoin is available and purchase some, or conduct your business online. Other things that you can also perform with PotCoin include staking, spending or keeping PotCoin. Since PotCoin uses a Proof of Stake algorithm, by simply keeping the coins in your wallet, you stand a chance of earning more money.

Businesses

Legal marijuana businesses can now accept PotCoin as a form of payment. This is done through the PotCoin gateway. This gateway is specifically designed to make work easier for any entrepreneur that trades in legal marijuana. However, regardless of the industry, the merchant operates in, they can still accept PotCoin as a form of payment.

Charity Foundations

PotCoin is largely a community-centric blockchain platform. There are several projects that are run which give back to society. Through the PotCoin Donation Fund, a number of causes have been sponsored, including The Cannabis Health Service, The Snoop Youth Football League, and the FRAXA Research Foundation.

Resources

https://www.potcoin.com/news

https://steemit.com/@potcoin

https://www.potcoin.com

https://potwallet.com/faq

https://www.potcoin.com/images/blog-images/PotCoin-4.20.2016.pdf

https://coincheckup.com/coins/PotCoin