Probably every person who came across cryptocurrency wondered: “Why is it needed at all?”
If you think about it, you can find different answers — instant transfers anywhere in the world, low transaction costs, anonymity, etc.
But, if the basic concepts for which cryptocurrencies are now valued are used, denote them in two words — Blockchain and Decentralization. And the most striking representative of these concepts is undoubtedly Bitcoin, which is also called “digital gold”.
And it is on the basis of “Digital Gold” that the LongCoin cryptocurrency is already working and being built.
The Long Coin Network developers took all the best from cryptocurrencies and decided to combine it in one of the most demanded in the 21st century, namely in the exchange of information.
LongCoin is now a decentralized platform based on bitcoin-core-0.12.1, with a social network function, using the placement of non-moderated, non-blocking, non-removable content within the blockchain. No external services and resources.
It is that with the help of Long Coin the user can send and receive messages that will not be moderated, and will not be accepted by messages that will be sent, and messages will be sent, and messages will be sent, and messages will also be sent, and will also messages will be sent, and messages will also be sent, and messages to be sent will also be sent. Unlike cryptographic networks, the very fact of “contact” between the sender and the recipient is impossible, since only the recipient has a secret key that allows decrypting the sender’s message, and within the framework of blockchain technology, hacking of such messages is impossible.
Look at instant messengers, millions of people around the world today, and the servers of all P-to-P messengers are required to store data about their users on their server and no one is immune from the fact that their unique identifier (phone number, email or password) or other personal data will enter the network if one of the servers is hacked. That in our time is not uncommon and there is a lot of evidence of this. LongCoin, on the other hand, stores all data on the blockchain and only the owner of the wallet seed phrases has access to their messages and personal information.
Also, the difference between the LongCoin network is the use of three work algorithms instead of one:
- Proof-of-Work (PoW) — assica-resistant mining algorithm, with an emphasis on individual mining in running wallets;
- Proof-of-Service (PoSe) — Master node mode with reward for maintaining the network by running nodes or wallets;
- Proof-of-Space (PoC) — Reward for providing hard disk space as a single distributed cloud storage for the blockchain network and the content that exists in it.
All three of these methods use the network and the advantage of one method or another, which is used with the help of network self-regulation.
If you have a desire to get acquainted with the project in more detail, I leave the links below:
Telegram
BitcoinTalk
BitsMedia
VK
In addition to the social network, LongCoin also launched the first provably fair lottery, you can familiarize yourself with it at the link
Also, LongCoin is successfully used in the Galaxy Online game, where you can get it for free:
GalaxyOnline.io