Globalcoin proof of stake system makes the Globalcoin network very fast. Globalcoin the perfect digital currency for merchants and face to face transactions.
The Globalcoin network does not require large-scale, energy intensive mining operations as it is run on the average computers and phones of Globalcoin users all over the world. Globalcoin is one of the more energy-efficient digital currency networks when compared to others due to the usage of the Proof of Stake system.
Globalcoin was created over a short Proof of Work mining phase using Scrypt. No other new Globalcoin will ever be created other than the 5% paid to staking users of Globalcoin.
The Globalcoin network is secured against attacks other digital currencies might face with their usage of large-scale mining operations to secure their networks. The Proof of Stake system provides the perfect way to secure the Globalcoin network and keep it decentralized.
100% Proof of Stake
Based on the energy efficient PoS Technology
Stake / Mining Interest
5% earned by mining Global Holdings
Retargets every block
Built on the technologies behind Bitcoin，Peercoin，NovaCoin and BlackCoin
Proof of Work Completed
Scrypt Proof of Work (PoW) phase completed, now 100% Proof of Stake (PoS)
Block Maturity and Minimum Coin Age
Block maturity occurs every 50 blocks with an 8 hour minimum coin age