RINO - A multi-signature based enterprise wallet, free for first year of use. RINO is the only enterprise wallet for Monero that has multi-signature security. Designed for teams and organizations, RINO provides features such as spending limits and four-eye approvals. Monero is the number one privacy-focused cryptocurrency in the world. While Bitcoin and Ethereum reveal every transaction to the world, Monero’s unique cryptography provides the privacy that traditional pre-crypto finance takes for granted. Businesses do not, in general, want…
Proof of Stake
Proof of Work (Pow) vs Proof of Stake (PoS)
Here is a short guide on Proof of Work (PoW) and Proof of Stake (PoS): Proof of Work (PoW) PoW is a type of algorithm used by cryptocurrencies to achieve distributed consensus. It is the most widely used consensus algorithm by cryptocurrencies such as Bitcoin, Monero, and Litecoin. In PoW, miners compete to solve complex mathematical problems called "hashes." The first miner to solve the problem gets to add the next block to the blockchain and is rewarded with a…
11 months ago 835 views
What is Proof of Stake (PoS)?
In a proof of stake (PoS) protocol, a new block's creator is chosen deterministic, depending on their stake (how many coins they hold) in the cryptocurrency. This is in contrast to proof of work (PoW) protocols, where the creator of a new block is chosen based on their ability to solve a computationally difficult problem. Here's how a PoS protocol typically works: The network selects the next block producer (often called a "validator") through a randomized "lottery" based on their…
11 months ago 476 views