Primecoin

Website

  • Libre
  • Web
Description

Primecoin is a cryptocurrency that is built on the same underlying technology as Bitcoin, but with a focus on prime number searching instead of the traditional SHA-256 hashing. It is designed to be a more efficient and accessible alternative to Bitcoin. The Primecoin network is secured by miners who use their computing power to search for special long strings of prime numbers. Each time a new prime number is discovered, the miner who found it is rewarded with Primecoins. Primecoin also has a built-in incentive system that rewards miners for their contribution to the network. By introducing an incentive system, Primecoin encourages miners to continue searching for prime numbers, and rewards them for doing so. Primecoin is a great way to get involved in cryptocurrency without having to invest in expensive hardware or software.

Categories
Bitcoin and cryptocurrency apps

Alternatives