What is Cash?
We have all heard of Bitcoin some of us even Litecoin so what exactly is CASH. Cash (code:CASH) sometimes refereed to as crypto-cash, cash-coin or digital cash. Is a currency much like Bitcoin, Litecoin, Dogecoin but utilizes a combined proof-of-stake (PoS) and Proof-of-Work (PoW) system.
CASH was created by a small team determined to improve upon the Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) algorithms and create something unique and sustainable.
CASH unlike Bitcoin use a variable block reward. The algorithm is based off of Moore’s law which accurately predicts the growth of computational power. The block reward decreases on scale with a halving every 16x the network difficulty. The more miners the lower the block reward. If there are less miners the block reward will increase. Overall this will give an inflation rate of approximately 1% which will allow for greater long term sustainability.
The greatest part about CASH is unlike the Bitcoin and Litecoin algorithms CASH is sustainable at a point with no miners. Both Bitcoin and Litecoin require Miners to move coins through the chain. Utilizing Proof of Stake CASH relies on individual with wallets holding coins to keep transactions moving even without miners. No more stalled block chains! No more difficulty hurdles to find that next block. Because of this long term CASH is energy efficient and energy sustainable.Release date: January 20th, 2014
- PoW/PoS Hybrid starts at 10% Stake
- No premine (10 blocks were generated for testing)