What is PopularCoin (POP)?
PopularCoin is a cryptocurrency anticipated for both learning and entertainment. The platform's goal is to teach the fundamentals of cryptocurrencies, and aims to bring people together to learn, communicate, and help them understand blockchain technology. Also, PopularCoin seeks to fulfill the needs of internet users looking for a way to conduct web transactions without going through a third party.
According to the whitepaper, today's problem with most web transactions is the dependency on a third party to process the transactions. As people and businesses are becoming inclined toward the web for solutions to process transactions worldwide, the need to encourage digital web transactions is growing every day. The blockchain technology adopted by Popular Coin aims to pave the way for encrypted peer-to-peer transactions. As proposed, to get away from relying on traditional financial institutions to process transactions as a third party, Popular Coin intends to permit online payments to be sent directly from one party to another without going via a financial institution. With currency miners securing and processing the transactions, no third central party is needed for the PopularCoin network, and can be used via the global internet structure with no hesitations.
Popular Coin aims to possess features like encryption, security, and availability across the globe. The platform also seeks to offer the following features:
The PopularCoin digitalwallet can be installed on any operating system and serves as a place to store the POP token safely.
PopularCoin aims to offer low transaction fees.
The POPNOMICS app is a self-sustaining economic ecosystem combining all of the arts. The app rewards users and artists with native token POP for creating web media.
POP is open-source for programmers to build on and upgrade by submitting the changes to the Popular Coin Github repository.
Anyone can view and verify the source code to see the workings.
POP is the native currency of the platform for people to mine and trade. Using a hybrid proof-of-stake (PoS)/proof-of-work (PoW) Scrypt algorithm cryptocurrency, POP offers mining rewards with multiple POP blocks. Scrypt is a password-based cryptographic algorithm deriving secret keys from a secret value. Popular Coin's Scrypt algorithm allows POP to be mined with the graphics card on the computer. Popular Coins are generated by proof-of-work Script mining or proof-of-stake minting at 5% annual based on holdings.
History of PopularCoin (POP)
PopularCoin (POP) was born in 2014. The development of Popular Coin is based on a play to the socially imprinted words Popular and POP. The whitepaper was published on February 24, 2018. Josh Gold is the founder of PopularCoin, and Mean In is PopularCoin's lead developer. Shekhar Prambaht serves as POPNOMICS lead developer, and Joe Jones is PopularCoin and POPNOMICS lead artist.