Global Cryptocurrency Market 2016-2020: Key Vendors such as Bitcoin,Ripple,Litecoin,Namecoin,Novacoin,Peercoin
The report, Global Cryptocurrency Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market and covers the present scenario and the growth prospects of the global cryptocurrency market in terms of volume for 2016-2020.
Peer-to-Peer Crypto-Currency with Proof-of-Stake
A peer-to-peer crypto-currency design derived from Satoshi Nakamotoâs Bitcoin. Proof-of-stake replaces proof-of-work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run. Security level of the network is not dependent on energy consumption in the long term thus providing an energy- efficient and more cost-competitive peer-to-peer crypto-currency. Proof-of-stake is based on coin age and generated by each node via a hashing scheme bearing similarity to Bitcoinâs but over limited search space. Block chain history and transaction settlement are further protected by a centrally broadcasted checkpoint mechanism.
