We offer blockchain consulting
Do you want to learn more about blockchain technology? Are you looking for an ecological blockchain, which requires less energy and enables faster transactions?
Blockchain is currently on everyone‘s lips. Indeed, it is a revolutionary technology with different application areas. At the same time, it is rare to find the people who understand this exciting new technology.
We can offer a serious advice, help to understand, clarify if a blockchain is right for your product or develop common strategies and concepts how to implement.
If you are serious about exploring blockchain or developing a product please don‘t hesitate to contact us.
An Innovative Ecological Blockchain
While most blockchains are dependent on resource-intensive 'mining', with a huge overall use of electricity, our blockchain technology is based on an energy saving 'Proof-of-Cooperation' (PoC) mechanism, where mining is neither necessary nor possible.
The PoC is the unique consensus algorithm developed for the cryptocurrency FairCoin. PoC mechanism not only requires less energy but also enables faster transactions.
How Does 'Proof-of-Cooperation' Algorithm Work?
What is different to other blockchain technologies is that instead of hundreds of computers solving difficult validation puzzles, Cooperatively Validated Nodes (CVNs) work together in cooperation to secure the network and to validate transactions.
The consensus algorithm determines which CVN has to create the next block. Each CVN approves that CVN by digitally signing with its unique identification number.
After the receptive CVN received all the necessary signatures of the other CVNs, it executes pending transactions and generates a new block. This new block is stored in the immutable and distributed blockchain database.
With this further development of the blockchain technology and the implementation of 'Proof-of-Cooperation' algorithm, an important step for diversification and independence from Bitcoin and previous mining technologies was created.