The First Secure,Cost-efficient and Decentralized Cryptocurrency
NeuCoin is a decentralized peer-to-peer cryptocurrency derived from Sunny Kingâs Peercoin,which itself was derived from Satoshi Nakamotoâs Bitcoin. As with Peercoin,proof-of-stake replaces proof-of-work as NeuCoinâs security model,effectively replacing the operating costs of Bitcoin miners (electricity,computers) with the capital costs of holding the currency. Proof-of-stake also avoids proof-of-workâs inherent tendency towards centralization resulting from competition for coinbase rewards among miners based on lowest cost electricity and hash power.
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