Solarium Coin - Low Energy Consumption Blockchain! Proof of Stake/Masternode!

cryptogainz (13)in #amazing • 7 years ago

Hello Steemit community!

Today I would like to share with you a new project that is all about reducing the High energy use associated with traditional "crypto-currency mining" techniques used today.

This Project will revolutionize the industry as it will replace the current "high energy use" proof-of-work algorithm with an environmentally friendlier option with the Proof-of-Stake algorithm.

What are the benefits of PROOF-OF-STAKE as opposed to PROOF-OF-WORK?

In short:

Their is no need to consume large quantities of electricity in order to secure a blockchain (eg. it's estimated that both Bitcoin and Ethereum burn over $1 million worth of electricity and hardware costs per day as part of their consensus mechanism).
Because of the lack of high electricity consumption, there is not as much need to issue as many new coins in order to motivate participants to keep participating in the network. It may theoretically even be possible to have negative net issuance, where a portion of transaction fees is "burned" and so the supply goes down over time.
Proof of stake opens the door to a wider array of techniques that use game-theoretic mechanism design in order to better discourage centralized cartels from forming and, if they do form, from acting in ways that are harmful to the network (eg. like a selfish mining in proof of work).
Reduced centralization risks, as economies of scale are much less of an issue. $10 million of coins will get you exactly 10 times higher returns than $1 million of coins, without any additional disproportionate gains because at the higher level you can afford better mass-production equipment.
Also the ability to use economic penalties to make various forms of 51% attacks vastly more expensive to carry out than proof of work - to paraphrase Vlad Zamfir, "it's as though your ASIC farm burned down if you participated in a 51% attack".

ROADMAP

Solarium coin developers are doing really well with the progress on the roadmap! they have already

POOL STAKING AND MASTERNODE SHARED SERVICES

Solarium coin has partnered up with StakingLab! here you are able to stake your coins in a shared staking wallet with a group of other people, for increased staking rewards! you are able to check out your stats daily on the easy to use GUI on their website!

Staking-Lab also offers "ONE-CLICK" Master-node setup! all you need to do is send them the required amount of coins to setup the Master-node and they will set it up for you for a small 5% fee of your passive income generated from the Master-node! You can also enter a "shared" seat in a Master-node, where you can send a portion of the required amount and earn shares of the passive income based on your shared percentage in the Master-node!

MASTERNODES-ONLINE