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.
Wednesday, August 7, 2013
Primecoin Breaks World Records (XPM)
Primecoin has Broken Three Major World Records in less than one month of Primecoin’s release. Primecoin is a cryptocurrency network released on July 7th, the first of its kind generating scientific computing values. “In March 2013, I realized that searching for prime chains could potentially be such an alternative proof-of-work system. With some effort a pure prime number based proof-of-work has been designed, providing both minting and security for cryptocurrency networks similar to hashcash type of proof-of-work. The project is named primecoin.” as quoted by Sunny King, the developer of Primecoin (XPM).
» Read the full article at CryptoCoinsNews
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