Greetings to all significant crypto community! The protection mechanism in Proof-of-stake (PoS) cryptocurrency consists in the probability of a participant forming a blockchain block and is proportional to the share of cryptocurrency units belonging to a member, calculated from the total number of coins in the network. For the first time this protocol was implemented in 2012 by the cryptocurrency PPCoin and later became quite popular. Although the cryptocurrency community shares views on the Proof-of-stake algorithm and there are both followers and opponents. Among the advantages of Proof-of-stake, the following should be highlighted:
- the algorithm of forming the block does not depend on the power of the equipment, but depends on the current balance of the account. Consequently, there is no need for expensive equipment and high energy costs;
- to carry out the attack requires significant funds, which from a financial point of view is impractical;
- if an attacker has a significant amount of digital coins, he himself is under threat.
- owners of a certain number of coins can receive additional coins just being holders.
The Proof-of-Stake algorithm is introduced for the first time into the Etherium Classic platform using ONEX, a marker of the ERC-223 standard created in the Highlander Network. For additional income, you must purchase and hold a certain amount of ONEX for three days or more equal to the minimum age of the coins. It is planned to release ten million ONEX coins within 15 years, with an initial delivery of one million coins.
Main characteristics:
- ONEX Network
- Token symbol - ONEX
- Finesity - 18
- marker standard - ERC-223 & PoSTokenStandart
- minimum age of coins - 3 days
- maximum age of coins - 90 days
- distribution of Airdrop & Bountie
Unlike many other blockchain startups, the creators of ONEX Network did not follow the path of ICO / STO by attracting funding this way. The initial development is above all the enthusiasm that aroused considerable interest in the crypto-community, which was the result of the creation of the ONEX token and, accordingly, the ONEX Network. For such projects, created above all on enthusiasm, I treat with particular interest, since sometimes they achieve a truly impressive result.
At this time, the ONEX token is available for purchase and sale on the Saturn Network Exchange https://www.saturn.network/exchange/ paired with ETC.
ONEX provides two methods for running PoS mining while consuming less gas: - by sending transactions to your address with any number of ONEX;
- with the help of the ONEX Staking Calculator, which you yourself can find on the following link https://onex.network/calculator.html. You can also calculate the number of coins you receive as a reward for the total amount you hold for a certain time.
Coverage of the ONEX community in social networks:
Telegram - more than 100 users
Twitter - 100 users
The community is young and only at the origins of its development.
Well, the project is only developing and is at the beginning of its journey, and the developers are trying to follow their Road Map.
The information presented in the article is purely research in nature and is not an incentive for your investments. Make informed decisions based on your own analysis and experience.
Links for information:
Web site
https://onex.network/
Technical paper
https://onex.network/onex_whitepaper_1.1.pdf
Telegram
https://t.me/onexnet
Twitter
https://twitter.com/onexnet
My beta.bounty0x profile is ivanzabolotin
My telegram @Zabolotin
My MEW is 0x04Dc948863fE21b097b8752b115a1318a2a1952c