{"id":3707,"date":"2022-03-05T19:30:46","date_gmt":"2022-03-05T19:30:46","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/netcoin-whitepaper\/"},"modified":"2022-03-05T19:30:47","modified_gmt":"2022-03-05T19:30:47","slug":"netcoin-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/netcoin-whitepaper\/","title":{"rendered":"NetCoin Whitepaper"},"content":{"rendered":"<div id=\"post-1288\">\n<div class=\"entry-content\" readability=\"57.150997150997\">\n<p>Abstract<\/p>\n<p>INTRODUCTION<br \/>POS Implementation: Done Differently<br \/>After a period of time discussing with the Netcoin community, exchanges and<br \/>sourcing feedback from the general public, we decided that implementing POS was<br \/>necessary. Why?<\/p>\n<p>1. The fact that POW is not truly profitable anymore. ASICS are making Scrypt<br \/>POW mining actually unprofitable \u00ad look at<br \/>http:\/\/www.coinwarz.com\/cryptocurrency<br \/>2. POW requires a lot of energy (POS is more eco\u00adfriendly).<br \/>3. Netcoin wanted to continue to provide cutting edge features to the<br \/>community.<\/p>\n<p>However, with the increase in number of \u201calt\u00adcoins\u201d, copies, pump and dumps, etc \u2026<br \/>Netcoin needed to do something special to demonstrate it is not a simple copy of the<br \/>hundreds of other POS and POW cloned coins out there. We wanted to give the<br \/>community a truly unique coin, and that required some truly unique coding and<br \/>algorithms.<\/p>\n<p>So, to explain what PIR (Or Personal Investment Rate) is, and why it\u2019s different, we\u2019ll<br \/>need to explain \u201ctraditional\u201d stake rewards:<\/p>\n<p> <a href=\"http:\/\/netcoin.io\/\" target='_blank\"' rel=\"noopener\"> NetCoin Website<\/a> <br \/><a href=\"https:\/\/drive.google.com\/file\/d\/0BzKZ-_ykmcJ2bWZBbWxvT21ydHM\/view\" target='_blank\"' rel=\"noopener\"> NetCoin Whitepaper <\/a> <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract INTRODUCTIONPOS Implementation: Done DifferentlyAfter a period of time discussing with the Netcoin community, exchanges andsourcing feedback from the general public, we decided that implementing POS wasnecessary. Why? 1. The fact that POW is not truly profitable anymore. ASICS are making ScryptPOW mining actually unprofitable \u00ad look athttp:\/\/www.coinwarz.com\/cryptocurrency2. POW requires a lot of energy (POS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3707","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=3707"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3707\/revisions"}],"predecessor-version":[{"id":3708,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3707\/revisions\/3708"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=3707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=3707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=3707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}