GOD.coin will be simple, efficient, and secure. By using Proof-of-Stake (PoS), the energy saving costs are enormous in comparison to the commonly used Proof-of-Work (PoW) consensus algorithm. PoS eliminates the majority of computation power required to produce blocks in the network. Malicious entities must be dealt with differently in order to ensure the security and safety of the network. By effectively dealing with these entities, users can trust the network and any value they may possess.
PoW requires complex computations to be carried out for blocks to be added to the network. In the beginning there were no issues, however as time went on, the average miner can no longer mine without paying more in energy costs. It has put Bitcoin mining under the control of large corporations with computer farms, not what Bitcoin was originally intended for. With growing demand for Bitcoin, huge delays have been occurring on the blockchain and scrupulous traders are charging exorbitant fees for transactions.
Bitcoin was a successful example of a distributed network that users could trust. Since its launch, there has been a tremendous increase in value, regardless of having no backing. It has marked a significant beginning of the digital currency world that users can trust, becoming digital gold. However, the market for Bitcoin is still volatile. GOD.coin will solve this issue by being backed by physical assets. Of course, these assets cannot be fabricated out of thin air, providing a stable economy.
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