VB.CO will list GRIN and CKB (Nervos) and open the trading pair of CKB/USDT
Online time : 11:00:00 (UTC+8）, 7th May
Trading Section: POC+
Grin is committed to providing privacy and scalability of cryptocurrencies. It has several unique attributes: it uses a privacy-protected blockchain format called MimbleWimble; it only stores a small amount of data in the blockchain, and it is cheap and easy to run a full node; Mimblewimble is developed by anonymous people, and the team is distributed around the world; there is no pre-mined PoW mechanism, which is more equal and decentralized.
Grin is a community-driven project with no ICO and no pre-digging. The rules for generating blocks are constant: one block is generated every minute, and each block rewards 60 tokens. So Grin is an inflationary currency, but its inflation rate will gradually decrease over time, and eventually it will tend to zero.
Nervos Network is an open source public chain ecology, which contains a set of layered protocols compatible with blockchain technology as the core to solve the dilemma of blockchain scalability. Nervos CKB (Common Knowledge Base) is the underlying public chain based on PoW consensus mechanism in Nervos Network. While allowing any encrypted asset to obtain security, stability, and without permission, it can support smart contracts, a second-tier expansion solution, and the cryptoeconomic design of the "value store" enables the native token CKBytes to capture the value of the entire network.
About POC + trading area
The "POC +" trading area aims to discover the global potential high-quality POC mining projects for users. The digital assets of this trading sector are mainly based on the consensus mechanism of POC and POW. They have great development potential and are suitable for long-term holding. Most TOKENs based on ERC20 have a higher degree of communityization and a lower degree of centralization, and the transaction risks borne by users are more controllable.
The full name of PoC is Prove of Capacity, a Chinese name capacity verification mechanism. It uses the free space in the computer hard disk for storage to mine and obtain revenue. The larger the hard disk space, the more stored content can get more rewards. Compared with POW, POS and other consensus mechanisms, POC not only retains decentralized consensus, but also has the advantages of ultra-low power dependence, reduced trust costs, greater consensus strength and breadth. At the same time, the relationship between miners and hardware manufacturers is equal, highly scalable, and can absorb traditional world companies, capital, and manpower to join the ecology. In summary, the advantages of PoC are that the mining threshold is lower, the degree of decentralization is higher, the consensus is stronger, and the energy consumption is smaller.
The full name of PoW is Proof Of Work, and the Chinese name is the proof-of-work mechanism. It is used to confirm that a certain amount of work has been done. Take bitcoin as an example: bitcoin uses this mechanism in the process of generating blocks. Finding a reasonable block hash requires a large amount of trial and error calculation. The calculation time depends on the hash speed of the machine. If any node in the Bitcoin network wants to generate a new block and write it to the blockchain, it must solve the mystery of the proof of work of the Bitcoin network. Therefore, the proof of Bitcoin ’s workload is the main work we commonly known as “mining”. In the process of “mining”, our core purpose is to find the corresponding decoding, and for any one of the 64-bit Hash value, to find its decoding, there is no fixed algorithm, can only rely on computer random hash collision. The number of hash collisions a miner can make per second is the representative of its "hashing power", and the unit is written as hash / s.
VB Global will continue to tap high-quality POC and POW assets to provide you with high-quality digital currency investment targets!
1) Digital currency is a high-risk investment method. Investors should be cautious in buying and pay attention to the investment risk. V currency Network will not endorse any project or bear any responsibility of guaranteeing and compensating for the investment behavior.
2) Prices may fluctuate sharply at the beginning of trading due to poor liquidity or supply. Please pay attention to investment risks and trade within the scope of risks you can bear.
Thanks for your support!
VB EXCHANGE / 2020-05-06