Bitcoin competition from Switzerland: Shakti Coin starts Mining

the Bitcoin gets competition from Switzerland. The Shakti Coin Foundation wants to replace with the PoE-Protocol, the energy-intensive Bitcoin Mining, without compromising on security. The Shakti-Coin-Mining should only consume as much energy as a E-Mail Server.

By Phillip Horch
12. April 2019BTC$5.057,42 -0.12%part Facebook Twitter LinkedIn xing mail

That Bitcoin still has an energy problem, crypto-opponents are always starting points for criticism. From Switzerland, the Shakti Coin is in a competition, the want to this Problem, an Alternative counter. An ICO is not to give it, and the Coins can get the user exclusively via Mining.

As the press portal informs, warns the Shakti Foundation, in this connection, prior to purchasing offered for Shakti Coins. So you can get users only on the process of mining. Therefore, it is possible to acquire them by purchase, "from whatever source".

the registration for The Mining of Shakti Coins to be opened in the next few days in different countries. Proportional to the population number of participants to get a limited number for Power-Mining-licenses:

So, for example, India, China and the United States is assigned the appropriate number of Power-Mining licenses in relation to population; they will be awarded on a "First come, first serve"principle,

the news portal reported. The Shakti-Coin Ecosystem should also be based on a stable value of five dollars, to Pump-and-Dump-to prevent the attacks.

Shakti Coins will remain the property of the Public

in Addition, the new Coins should always be in the possession of the Public. The Bitcoin competitors are therefore the basic idea of Satoshi Nakamoto, that the Coins belong to the Node operators. Due to the limitation of licenses, the Swiss company is seeking to counter the Problem of Mining centralization. The Mining success on the principle to distribute only a Node license per Person.

With your PoE Protocol will replace the Shakti Foundation, the energy-intensive Bitcoin Protocol without sacrificing security. So buy a Computer for Shakti-Coin-Mining with a T400-Power-Mining-license only as much power as a E-Mail Server. However, it should be able to generate a SXE-amount to the value of more than $ 10,000 in 18 months.

the company Also announced that no Initial Coin Offering (ICO) instead of search – potential users should be Offered before any Scam. In the end, only shakticoin.com to be authorized, and licenses.

In the beginning stage, the principle applies after all: Who comes first, mint first. The number of licenses will, however, increase with the spread of the network.

Shakti Coin wants to independent competition to Bitcoin to offer

According to the project arose from an Initiative of the people from all over the world were involved. Therefore, no Connections to a certain industry, government, party or religious grouping. With other words: As Satoshi's Bitcoin is no intermediary between the users and the Coins (except the Foundation). The Shakti Foundation is a non-profit organization, headquartered in Zug in Switzerland. From there, you want to monitor the Shakti-Ecosystem in an impartial manner.

How is designed the Shakti Coin?

Apart from the promising announcements, the Website reveals little about the technological design and the actual Use Case of the Shakti Coins. You can register already for the Shakti Mining. A White Paper yet. The same should be divided into four parts and gradually appear. The division is planning the Shakti Foundation are as follows:

part of the White Papers: 18. April part of White Papers: 23. April part of the White Paper: 7. MaiTeil of the White Papers: 19. May

in contrast to Bitcoin Protocol, you have to register for the Mining, initially, what has to do apparently with the KYC (Know Yourt Customer) regulations.

Why, in contrast to the Bitcoin Blockchain prior to the commencement of mining, no White Paper exists, is not apparent. A response to a request from BTC-ECHO from the past.

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