SpreadCoin (SPR) is a unique cryptocurrency that claims to be more decentralized than others. It also prevents the centralization of hashing power in the pools, which is one of the primary claimed concerns of crypto security. As per the whitepaper, in SpreadCoin, mining makes miners understand that the private key corresponds to the coin’s base transaction and comprehends the whole block, not just its header.

In proof-of-work (PoS) cryptocurrencies, new coins are developed by the network via mining. One of the objectives of mining is to guard the network from double-spending invasions and history rewriting. The miners develop new blocks and check the contents of the blocks developed by different peers for confirmation of the network rules. Numerous miners currently delegate all the checking functions essential to cryptocurrency protection to pools; pool operators do not contain any hashing power but maintain new blocks. This brings what the company claims is unneeded centralization to an otherwise decentralized approach. Handling more than 50% of the mining power allows completion of double-spending attacks with a 100% probability of success, but with less than 50% management; it is feasible to execute attacks that have chances to grow. The root theory of SpreadCoin is to control the creation of pools and therefore make mining additionally decentralized and the entire system more protected. 

SpreadCoin utilizes a more compact model for signatures in trades. SpreadCoin, as well as other cryptocurrencies, operates ECDSA signatures. While other cryptocurrencies duplicate the public key of the related signature around, SpreadCoin omits this by retrieving the public key straight from the signature. By this process, it is unnecessary to maintain the public key of each ECDSA signature in the blockchain, which results in small transactions and, therefore, a smaller blockchain.

The SPR token is native to the platform. The traders utilize the token for performing transactions and trading for goods and services over the platform.