$ 5.02
3 years ago
(0.02%)
FOIN aims to be the cryptocurrency bridging the finance sector with the personal investors by acting as a highly curated investment medium. FOIN will act as the de-facto cryptocurrency coin within this ecosystem made of financial services providers, blockchain applications and A.I. (artificial intelligence) modules.
From a technical point of view, FOIN is a hybrid cryptocurrency, meaning it uses Proof of Work for the initial distribution of coins but then switches to fully Proof of Stake to provide the network security. After the initial mining using Proof of Work is complete, the Proof of Work consensus mechanism is irrelevant for the long run. From the user's point of view, Proof of Stake is the only consensus mechanism available, thus providing a more secure, environmentally friendly, and more cost-competitive peer-to-peer cryptocurrency. In FOIN, Proof of Stake is the core consensus mechanism used to settle transactions.
Try our free Foin (FOIN) portfolio tracker if you want to efficiently keep track of your FOIN and other coin/token investments.