Topic: [ANN] [NEW $PACcoin] [X11] Community Governed | Masternodes | (Read 180 times)
Colleagues, you write "$ PAC - The People's Alternative Choice - third-generation crypto currency, whose goal is to become the world's first digital currency managed by the community." I wanted to know. And according to what principles is technology defined, what is the first generation, what is the second, which is the third?
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We give out good Airdrops, and we have Generous Bounties !!!
For more information: click on the link below!
Everything is written under the video in the Description !!!
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WHAT IS $PAC?
$PAC - The People's Alternative Choice is a third generation cryptocurrency that aims to become the world's first community governed digital currency. Focusing on four key factors:
Community | Charity | Content | Choice
$PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization with the community as the face of the coin.
OUR HISTORY
$PAC is the natural successor to PACcoin which was created in 2014 based upon then-current technologies. Initially, it enjoyed a brief success as a traded cryptocurrency. However, over the years, the coin was not maintained or upgraded; subsequently it quickly fell to the bottom of the list of the 1,200+ different cryptocurrencies on the market. PACcoin remained stagnant until August 2017, when a new community-based management team committed to re-establishing the coin. In November of 2017 aspects of the code were upgraded to offer new PACcoin wallets on PACcoin’s updated website. By the end of November 2017 PACcoin registered its first measurable market cap of $1,885,638 USD. During PACcoin’s relaunch, over 30,000 new PACcoin wallets were downloaded and Cryptopia, PACcoin’s most dominant exchange, had over a million new registrations.
MAIN IMPROVEMENTS
$PAC has launched with a total reduced supply, providing a whole host of benefits. The old total supply of 100 trillion PACcoin has been reduced via an RCO (Redemption Coin Offering) offering one new $PAC for each 1,000 old PACcoin, with each new $PAC worth 1,000 times the original PACcoin. This has reduced the total supply to 100 billion with 3.5 billion in circulation. The amount of data in the blockchain has shrunk dramatically, resulting in wallets syncing faster and allowing the chain to be more easily installed across the globe.
One of the measures that $PAC’s team are taking is moving away from the SHA 256 Platform and adopting the X11 Platform, first introduced by Dash. The x11 platform will allow completely anonymous transactions in as little as under two seconds. Instead of hashing only one algorithm, with SHA256, the x11 platform hashes 11 different algorithms simultaneously, which reduces the amount of computing needed to mine or transfer data. In addition to the X11 platform, PAC will also be utilizing masternodes, another concept made popular by DASH.
$PAC - The People's Alternative Choice is a third generation cryptocurrency that aims to become the world's first community governed digital currency. Focusing on four key factors:
Community | Charity | Content | Choice
$PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization with the community as the face of the coin.
OUR HISTORY
$PAC is the natural successor to PACcoin which was created in 2014 based upon then-current technologies. Initially, it enjoyed a brief success as a traded cryptocurrency. However, over the years, the coin was not maintained or upgraded; subsequently it quickly fell to the bottom of the list of the 1,200+ different cryptocurrencies on the market. PACcoin remained stagnant until August 2017, when a new community-based management team committed to re-establishing the coin. In November of 2017 aspects of the code were upgraded to offer new PACcoin wallets on PACcoin’s updated website. By the end of November 2017 PACcoin registered its first measurable market cap of $1,885,638 USD. During PACcoin’s relaunch, over 30,000 new PACcoin wallets were downloaded and Cryptopia, PACcoin’s most dominant exchange, had over a million new registrations.
MAIN IMPROVEMENTS
$PAC has launched with a total reduced supply, providing a whole host of benefits. The old total supply of 100 trillion PACcoin has been reduced via an RCO (Redemption Coin Offering) offering one new $PAC for each 1,000 old PACcoin, with each new $PAC worth 1,000 times the original PACcoin. This has reduced the total supply to 100 billion with 3.5 billion in circulation. The amount of data in the blockchain has shrunk dramatically, resulting in wallets syncing faster and allowing the chain to be more easily installed across the globe.
One of the measures that $PAC’s team are taking is moving away from the SHA 256 Platform and adopting the X11 Platform, first introduced by Dash. The x11 platform will allow completely anonymous transactions in as little as under two seconds. Instead of hashing only one algorithm, with SHA256, the x11 platform hashes 11 different algorithms simultaneously, which reduces the amount of computing needed to mine or transfer data. In addition to the X11 platform, PAC will also be utilizing masternodes, another concept made popular by DASH.
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