{"id":4247,"date":"2022-03-05T20:30:03","date_gmt":"2022-03-05T20:30:03","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/primestonewhitepaper\/"},"modified":"2022-03-05T20:30:04","modified_gmt":"2022-03-05T20:30:04","slug":"primestonewhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/primestonewhitepaper\/","title":{"rendered":"PrimeStone\tWhitepaper"},"content":{"rendered":"<div readability=\"78.415776499589\">\n<p>Bitcoin is a cryptocurrency that has emerged as a popular medium of<br \/>exchange and is the first digital currency that has attracted a substantial<br \/>number of users. Since its inception in 2009, Bitcoin has been rapidly growing<br \/>in mainstream adoption and merchant usage. A main issue with the<br \/>acceptance of Bitcoin in point-of-sale (POS) situations is the time required to<br \/>wait for the network to confirm the transaction made is valid, alternatively<br \/>payment companies have created methods to allow vendors to take zeroconfirmation transactions, but these solutions utilize a trusted counterparty to mediate the transaction outside of the protocol. Bitcoin provides<br \/>pseudonymous transactions, with a one-to-one relationship between sender<br \/>and receiver.<\/p>\n<p>This provides a permanent record of all transactions that have ever<br \/>taken place on the network. Bitcoin is widely known in academic circles to<br \/>provide a low level of privacy, although with this limitation many people still<br \/>entrust their financial history to the Bitcoin blockchain. In this paper we<br \/>propose a series of improvements to Bitcoin resulting in a decentralized,<br \/>strongly anonymous cryptocurrency, with tamper-proof instant transactions<br \/>and a secondary peer-to-peer (P2P) networking technology.<\/p>\n<p>PrimeStone is a multifunctional and well-protected cryptocurrency that<br \/>focuses on the needs of diverse global users. Furthermore, PrimeStone<br \/>guarantees quick and smooth transactions. For the currency creation X11<br \/>algorithm is used and it enables mining of 60,000,000 coins. It should be also<br \/>emphasized that our cryptocurrency possesses some significant features, such<br \/>as: SegWit, Replay Protection, Unique Address Format, Zero Knowledge Proof,<br \/>Lightning Network.<\/p>\n<p>Furthermore, PrimeStone Coins can be mined on GPU, CPU or other<br \/>devices. It is worth mentioning that we provide competitive rewards for block<br \/>mining. This kind of benefits is based on the system that links rewards to<br \/>performance and its difficulty.<\/p>\n<p>At the same time, other vital matters are already resolved and<br \/>established. It is commonly known that fees are of significant importance for<br \/>users, because this particular issue sometimes turns out to be costly and, as a<br \/>result, disappointing or frustrating. However, PrimeStone has taken the<br \/>challenge of minimizing the cost of money transfers. Consequently, it can<br \/>safely be assured that PrimeStone ensures a low fee level.<\/p>\n<p><a href=\"https:\/\/web.archive.org\/web\/20190824050143\/https:\/\/primestone.global\/\"> PrimeStone\tWebsite <\/a> <br \/>PrimeStone\tWhitepaper <br \/><strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is a cryptocurrency that has emerged as a popular medium ofexchange and is the first digital currency that has attracted a substantialnumber of users. Since its inception in 2009, Bitcoin has been rapidly growingin mainstream adoption and merchant usage. A main issue with theacceptance of Bitcoin in point-of-sale (POS) situations is the time required [&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-4247","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4247","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=4247"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4247\/revisions"}],"predecessor-version":[{"id":4248,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4247\/revisions\/4248"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=4247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=4247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=4247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}