Abbreviated XPM and denoted by the symbol Ψ, Primecoin is a cryptocurrency similar to Bitcoin. It was introduced on July 7, 2013 and the proof of work is based on computing specific sequences of prime numbers.
Friday, July 12, 2013
Primecoin: the cryptocurrency that can make mining useful
One of the problems that Bitcoin miners often point out is that solving the complex and random algorithms that generate digital coins is a difficult process that spends a lot of energy and doesn’t have any other practical benefit. Well, someone has created an alternative that might solve this problem: it’s the new form of digital currency called Primecoin.
» Read the full article at Bitcoin Examiner
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment