Zurich, Switzerland (PRWEB) August 05, 2014
ARCoin is a next generation low energy-cost Cryptocurrency willing to conquer Wall Street.
On August 20, 2014, ARCoin representatives are going to be on Wall Street handing out information about the new Cryptocurrency.
ARCoin was created on July 15, 2014 and offers some breakthrough improvements to the well known Bitcoin.
The new Cryptocurrency focuses on two crucial points: Network Security and Anonymity.
It offers a different system from Bitcoin's Proof of Work called Proof of Stake. In a Proof of Stake system, miners are rewarded with a yearly interest based on the coins they own, unlike Bitcoin, where the miners who own the machines with more hashing power are rewarded. The behavior of a Proof of Stake system can be compared to a Bond, where investors are "rewarded" with interest over a period of time. ARCoin reward interest is 5% per year. The advantages of Proof of Stake range from environmentally friendly to more security and stability in the network.
Additionally, ARCoin solves one of the biggest problems in the Bitcoin system: the transaction confirmation time. Unlike Bitcoin where transaction confirmations can take up to one hour, ARCoin makes it possible to confirm transactions in a matter of seconds. This may be a very good alternative for merchants currently accepting Bitcoin.
But that’s not all. ARCoin has also implemented a breakthrough technology called TOR. TOR is an open-source technology that allows Network Anonymity, which makes it possible for the ARCoin network to be completely anonymous.
The current supply of ARCoin is 500,000, while Bitcoin’s current supply is 13,000,000.
At the time of this writing, ARCoin’s price was $0.10 per coin, while Bitcoin’s price was at $590 per coin. This may be a good opportunity for early investors to step into ARCoin, since it’s a brand new Cryptocurrency and following the supply metric ARCoin is extremely cheap.