COMPONENTS OF THE LARGO COIN PROJECT

A REVIEW OF THE LARGO COIN PROJECT

The successive changes in the world of blockchain and it's cryptocurrencies occurs in many fronts, this updates and upgrades are necessary to ensure that it's able to provide capacity for the growing needs of the markets. Sadly alot of erstwhile blockchain project have limitations and low capacity to solve and mitigate against the problems of scalability and wider implementations, this challenge accounted for a notable slowdown in the rapid adoption of cryptocurrencies. Ensuring survival, sustainability and compatibility of crypto-based systems with linked economies and applications requires a continuous updates/upgrades, this enhancements usually is created and embedded at the very core of the architecture.

COMPONENTS OF THE LARGO COIN PROJECT.

(1) CONSENSUS ALGORITHM:

Ever since the inception of blockchain technology, we've seen alot of alot of consensus algorithms, for the first decade of blockchain technology we saw the proof of work but it requires real investments in mining equipment and high power consumption. The proof of work is also another consensus algorithms currently invoke and still very much under research.

The proof of stake (POS) is also another consensus algorithm, it's a concept that makes it easy for a cryptocurrency holder to validate blocks of transaction on a network based on the amount of coins they have staked, alot of similarities exist between the proof of stake and proof of work because they are both involved in the process of validating and reaching the distributed network consensus.

Aside the above mentioned positives of the proof of stake (POS), the largo coin is leveraging on the POS because it offers security for the blockchain network, in other words they can be no basis for fraudulent transaction.

(2)MASTERNODE BASED SECURITY

The masternode can best be described as a blockchain network that stores the full copy of distributed ledger in real-time up to date, aside providing storage functions and completing of blocks in transactions, the masternodes also provides other functions like; aiding governing and voting, enabling instant transaction, increasing privacy of transaction process.

(3) MINING/MINTING & EMISSION

The road map plan of the largo coin project already posited modalities for facilitating a mass adoption of largo coin will be released in the first year of launch and about 20% of the total largo coins will be minted, because inflationary effects can be devastating the block rewards will be continually reduced annually to increase market price growth of the Largo coin as well as sell pressure in exchanges, with this modalities there is a high certainty that largo coin will attain a massive market occupation within a very short time.

(4) LARGO COIN WALLET

The wallet initiative came on the heels of the fact that largo coin uses a peer to peer transfer systems that requires a very sophisticated multi-platform software wallet. This wallet will be available in desktop, mobile and web version so as to ensure security, convenience, ease, safety, financial soverignty etc.

CONCLUSION

Largo coin is a unique blockchain based project that is poised towards eschewing trust on all markets operations involving trading between it's participants. Largo coin is a digital platform that leverages on latest technological advancements to ensure that transactions are safe. The largo coin is currently traded on the open exchanges and this will in no Small way provide constant demands of largo coins and enhance it's trade volumes and general circulation.

USEFUL LINKS

Website: https://largocoin.io/

Whitepaper: https://largocoin.io/wp-content/uploads/2019/06/WP-v4-converted.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5200762

Telegram: https://t.me/largocoin_chat

Twitter: https://twitter.com/largocoin

Facebook: https://www.facebook.com/LargoCoinPublic

Medium: https://medium.com/@largocoin

Reddit: https://www.reddit.com/r/largocoin/

AUTHOR'S DETAILS

Bitcointalk Username: Amedon

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2819569