Satoshi announced his plan to create the Satoshi Coin, a project that aimed to capture the essence of his original vision for a decentralized and sustainable digital currency. Unlike other cryptocurrencies, the Satoshi Coin would implement novel consensus mechanisms, designed to be more energy-efficient and eco-friendly, while maintaining the core principles of decentralization and security.
PoCP Is A New Protocol
Proof of Computing Power (PoCP) is an innovative and eco-friendly coin mining algorithm that sets a new standard in the world of cryptocurrency. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) algorithms, PoCP harnesses the existing computational power of users' computers without consuming any additional resources to produce new coins.
The core concept of PoCP revolves around reading the computer's specifications, such as CPU, GPU, and RAM, to determine the power it contributes to the network. Based on this analysis, the algorithm then calculates the rewards that the user is entitled to, making it a fair and transparent system for distributing coins.
Both mining and staking will use the PoCP protocol and rewards will last until 2050, to ensure all SAT is rewarded during our lifetime.
Mining, Staking With PoCP And The Halving Events
- Run the app and mine SAT, no SAT required, this ensures adoption of new participants in the ecosystem
- Stake and mine SAT, stakers get a much higher reward rate than Non-SAT holders
- Using PoCP, your system and holdings determines your reward rate
- Mining and staking lasts until 2050, so this is a long term rewards system like Bitcoin mining
- Satoshi Coin will have a halving event each year, this event will half rewards each year until 2050
- Due to yearly halving, rewards start off being larger and as the years go by the reward rate reduces making the token scarcer which should drive price as users will need to stake more to earn the same rewards as the previous year
- Available on Windows, MacOS, Linux, Android and iOS