ecosystem for entrepreneurs

marți, 12 aprilie 2016

Swiscoin utilizing blockchain technology

What is swiscoin ?

Swiscoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Swiscoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Swiscoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Swiscoin is a proven medium of commerce complementary to Bitcoin. Swiscoin is digital money used for secure and instant transfer of value anywhere in the world, with no borders or limits. There is no government, company, or bank in charge. Utilizing blockchain technology, Swiscoin are issued and managed without any central authority. Every user with a Swiscoin wallet plays an important role in processing transactions on the decentralized, peer-to-peer network. Interest is earned by each participant and users stay in full control of their money.

  Mining Reward

Mining is the process of adding transaction records to Swiscoin's public ledger of past transactions. Swiscoin nodes use the block chain to distinguish legitimate Swiscoin transactions from attempts to re-spend coins that have already been spent elsewhere. Miners are currently awarded with 12 new Swiscoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).

  Wallet Encryption

Swiscoin wallet store swiscoin as well as a physical wallet. The users of Swiscoin wallet only accept transactions for that block chain, making it the Swiscoin block chain that everyone else wants to use. When a wallet is encrypted, the passphrase is required to top up the keypool, thus, if the passphrase is rarely entered, it is possible that keypool might run out.

 Open Source Software


Swiscoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.


 Blockchain

Swiscoin blockchain is essentially just a record, or ledger — one that’s distributed, or shared between many different parties. The Swiscoin blockchain contains a verifiable record of every transaction ever made. It can only be updated through consensus of a majority of the participants in the system. Once entered, information can never be erased. It creates a true record of events, past and present.


SwisCoin is being a leading Crypto currency allowing the users to make instant payments and to make money transfers securely throughout the Internet, opening unique opportunities to Internet users and owners of the Internet businesses. SwiCoin targets to bring the transactions on the Internet to the ideal level! That is the currency you want to transfer and use that’s called SwisCoin. SwisCoin is an innovative payment network and a new kind of money, With a great compensation marketing plan. Swiscoin is a big idea. It is designed to be a world currency and the currency of choice for entrepreneurs. We combine development skills, International infra-structure, real world entrepreneurial know how, a Global network and user base, and a Global Vision in our DNA, creating a platform for growth second to none.


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