Condensate is being acclaimed by digital currency experts as the first real blockchain implementation that’s environmentally conscious. The platform has been created to reward those who have been keeping a close watch on the environment. In other words, whistleblowers and watchdogs associated with the field of environment will find this platform ideal for their kind of work. Condensate makes use of IoT approach for its system. Condensate has created RAIN Meters designed to track key water metrics that can assure high compliance and environmental friendliness.
Condensation gets triggered by the process of cluster formation within the volume. RAIN is distributed anonymously and in a highly secure manner across the network of the cryptocurrency. It also provides the ability to send encrypted messages. Dubbed as the Rain on the Chain, Condensate provides a mining award that’s highly randomized. This provides all users with a fair chance of catching a rain cloud. The future goal of the platform is science specific. There are networks, rewards, and tokens in the development mode of the platform as well as tornadoes and mobile devices.
All the work at RAIN is carried out in a highly transparent manner through the advanced Trello task management system. Professionals with a good knowledge of how the system works can join the network and get rewarded for their contribution to the advancement of the system.
Condensate uses the dual PoW and PoS algorithms to power the platform and secure all transactions and also in controlling the creation of extra currency units. There is no need for the presence of any third party or parties as RAIN uses a distributed network for allowing a P2P transaction. Encryptions are used to control and manage the creation of new currency units within the network and also to verify fund transfers. It operates completely independently of any regulatory body or central banking authority.
Condensate operates on a very unique and innovative concept that’s not common to other digital currencies available in the cryptocurrency market. It is the only coin in the digital space that aims to improve the environment friendliness factor by designing and developing a series of innovative measures.
The maximum supply of RAIN is 500,000,000 while the circulating supply is 97,703,104. It has a market cap of $5,404,867. The currency is presently trading at $0.055319 and is ranked 548 in the cryptocurrency market.
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