Nice concept but what is unique about this project apart from being of African origin that other similar already existing prjects? Thanks
This is
The Original 'existing' project for Africa. Launched 3 years ago before the current ICO craze came into existence.
Kobocoin is green by design. May not seem much to some but as time progresses PoS will be recognised as the only way forward for cryptos (imo). There are features in Kobocoin that had the future built in right from the start. It was always my intention that this blockchain should be able to exist without the need for a hard fork as time progresses. There are certain details I won't go into, but this blockchain is hopefully built with the future in mind.
See little future in pure proof of work when electricity costs, difficulty/Moore's law and user adoption takes effect. It was a good place to start and offers everyone a possible entry point but the ridiculous (and totally none green) amount of power bitcoin now uses just to validate 1 block is not justifiable. Am sure a number of African countries would love that amount of tera watts just to waste on producing a few coins but they don't have that to spare when they have trouble just keeping 24/7 electricity for the people in the first place. add to that, lack of distributed nodes, POS should form a naturally more even network if its done correctly (bitcoin has highly centralized mining farms with little incentive for small user seed nodes)
Ethereum has taken the step to go proof of stake only, unfortunetely it is a double edged sword because (potentially) if not distributed to enough people, only large holders of a POS coin will profit and control supply/nodes in the end.
One outcome I would never have betted on, is the multiple hard forks and surviving blockchains after the the fact, why are they needed, to me it just diminishes the strength and independance of the coin attibutes, why not have all in 1 blockchain? (lol, easy to say)
Anyway, don't know how you did it (9 bitcoins ?!) but getting added to
Coinomi sounds like great news, something I learned from following coin development is the successful ones do it in small steps at a time, building strength on top of strength, as opposed to the opposite extreme which is to pump something as much as possible (often based on foreknowledge) then play the market on the downturn.