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Pascal Coin ( PASC ) is a decentralized virtual currentness presented without an ICO, and positioning itself as an altcoin for people, not creators .
description [edit ]
Pascal coin ( sometimes written as “ Pascalcoin ” ) ( PASC ) is a proof-of-work cryptocurrency that introduces fresh cryptanalytic structure called Safebox. It was developed by Albert Molina and Herman Schoenfeld. Developers announced the coin on August 12, 2016. The codebase is written in the Pascal scheduling terminology and is open source. This crypto had no premine or ICO. The chief mind behind the growth was to simplify the custom of cryptocurrency for the modal drug user .
By implementing the Safe Box, Pascalcoin aims to develop a Visa -like network with a theoretical limit of transactions speed close to 72 000 transactions per second. It provides users with a simple explanation name ( e.g. 12345-54 ), making it easier to use than authoritative cryptocurrencies .
PascalCoin plans to implement a hash algorithm called Random Hash to baron its proof-of-work. It is a low-memory GPU- and ASIC-resistant hashish algorithm. It is developed to provide users with CPU mine, which is the most egalitarian way of mining. approachability of the CPU and difficulties related to monetary value of building CPU mining ASICs make the cryptocurrency suitable for the batch borrowing. however, stream hashing function of the Pascal mint is SHA2- 256D .
The computer architecture of the Pascal coin makes it potential to develop a second layer on acme of it. That is a foundation for smart contracts, sidechains and monetized API s. The roadmap of the project mentioned the establishment of the POS -based level on top of the current network .
pascal coin may be used both for the guarantee transactions and public transactions. Users are offered to link a name/email/company name to the bill and pick up transactions of data, currentness and so on, directly to the report of the Pascal mint network .
The development of the coin is active, developers performed many commits in September and October 2018 .
here are technical foul specifications of the coin :
- Max supply is 42 million coins
- Hashing function is SHA2- 256D
- Block time is 5 minutes
- Block reward is 40 PASC
PascalCoin Price [edit ]
The live PascalCoin price is available on COIN360 doodad :
technology [edit ]
The developers managed to achieve the chief goal of the plan — PascalCoin does not save the history of operations in the network, but transfers all the information to a new cryptanalytic social organization. New blocks are placed in a special SafeBox repositing, which has each individual secret key. Each explanation is synchronized with early nodes. Each subsequent wallet created is a p2p node .
The Safe Box is a technology that manages a ledger balance. The developers of The Safe Box as a spreadsheet. Each quarrel of the spreadsheet represents an report ( PASA – Pascal history ) and each column indicates some place of that report ( i.e. PASC balance wheel, public key, etc ).
To contain all the necessary data PascalCoin uses the SafeBox where it places all the stream account balances and blocks connected as a blockchain. pascal Coin uses an concern feature to achieve high scalability. In the network of Pascalcoin, blocks are deletable past the checkpointing altitude of 100. checkpoint is a compressed SafeBox archive and is stored in the blockchain. It means that in every taken here and now of the function of the Pascal сoin network there is not more than 100 blocks necessary to maintain the network. When the new node starts participating in the network, it only has to download the latest checkpoint and several blocks, making it much more comfortable to use than other cryptocurrencies .
The accounts in the SafeBox are grouped in segments. And the SafeBox contains a checksum created as an aggregate hashish of all Account Segment hashes. This value is known as the SafeBox Hash and is attached after the last Account Segment in the SafeBox. Each new SafeBox references the former one in order to be valid. however, blocks in the blockchain are not directly linked to the former blocks. Blocks are referencing the SafeBox Hash, that is linked to the former auction block via the history segments stored in it .
dependable Box helps to perform something like a blockchain cut, by deleting unnecessary blocks from the network, making it lighter and easier to work with .
According to the developers, the maximum size of the SafeBox is up to 500 MB .
complete base hit from double outgo is preserved : investors do not need to wait for confirmation of payments for small purchases. Cryptocurrency is able to work with the same measure of memory for an unlimited amount of time. Every 100 blocks are removed, new blocks created constantly move to the end .
A particular sport of PascalCoin is that the investor will not be able to create an report on his own. It can only be earned by mining PASC or received as a give from the participants. If person manages to get 1 block, he receives 5 modern accounts, one of which earned coins. The remaining 4 can be donated or sold .
Advantages and disadvantages [edit ]
As the creators of the cryptocurrency are quite financially successful people, it is conditionally possible to consider that this project was not created to get-rich-quick. This information is common to most services that provide data about the virtual currentness. Speaking about the advantages of PASC, note :
- The lack of a clear premine and ICO.
- Availability of a basis for large contracts (second level architecture).
- Only the owner of the SafeBox account has access to the Account. It contains the key and the account balance. The size of the SafeBox is always under control.
- Fast synchronization.
- Short, easy to remember addresses.
- Possibility to return lost coins (but users should wait for 4 years).
Among the shortcomings for some users are the lack of russified interface of the official web site. For exercise, a detail WhitePaper can not be appreciated precisely because of the lack of translation. There are three main disadvantage of the virtual currency :
- The need for long mining to get an account, or the need to buy it, the price range varies from 0.5 to 1 USD.
- The presence of the wallets for Windows and Linux only.
- High equipment requirements for mining coins, a meager number of pools.
About a year ago it was reported that the unique, according to the creators, principle of Pascal Coin, is a model used for a long time by BitShares .
Where to buy [edit ]
It is potential to buy Pascal Coin on respective cryptocurrency exchanges – Poloniex, BKEX, QBTC, SimpleSwap .
PascalCoin Wallets [edit ]
There is an option to use a wallet on Poloniex on-line. Pascal mint has its wallet software, which can be downloaded from its official web site. It is available for Windows, Linux and Android. Wallets for the Mac OS and io are under development .
Pools [edit ]
then far merely 2 PascalCoin pools have been created : Coinotron and Nanopool. With attentiveness to Nanopool, a minimum payout of 5PASC is offered for 110 newly confirmed blocks. Users can get coins on the wallet, and immediately on the substitution. however, Nanopool has most of the hashing power and is discouraged to use ascribable to the potential decentralization .