PascalCoin ushers an entirely new era that facilitates scale adoption with help of the new tier of scalability. This enables a planetary scale adoption, which has earned PASC a unique recognition of being the first and also the only Crypto that has shattered the barrier of hundred transactions per second. Online payments are enabled with provision of straightforward account numbers, domain names, and company names. Thanks to its robust architecture, PascalCoin empowers large scale smart contracts associated with Layer 2 Protocols. The introduction of an exclusive cryptographic data structure, named as SafeBox is behind unique and distinctive attributes of PascalCoin. This unique feature supports deletion of Blockchain without impacting the cryptographic security and integrity.
Albert Molina developed PascalCoin as its primary beta edition in July 2016. This followed creation of PascalCoin beginning square in the very next month. Albert decided to obviate use of BitCoin’s source code and thus built a Cryptocoin by leveraging Pascal dialect. PascalCoin was developed with a mass appeal so that any individual without an IT or cryptography background is able to appreciate functioning with help of simple terminologies. The account names can be easily recalled because these are not complex wallet addresses.
PascalCoin is developed to address the problem of diminishing storage that is the result of exponentially growing volume of transactions. The transaction history can become unmanageable as more and more transactions are being added. Since Cryptocurrencies are designed to scale indefinitely, they cannot bank on constant storage volume because this will ultimately lead to their failure. As the system runs out of existing number of nodes and the transaction volume keeps on inflating, synchronization of new nodes becomes complex. PascalCoin can be credited to be a pioneering Cryptocurrency to resolve this complex issue. PascalCoin retains security of cryptography by ensuring storage of only the last hundred blocks by leveraging the innovative SafeBox application. It keeps track of balances of user-accounts as well as ownership history. It concurrently retains proof of work difficulty in its aggregate form within the SafeBox. Forging of SafeBox is almost impossible as the process would mean re-mining the entire block history even if there is no trace of these blocks across the network. In short, PascalCoin does not store the transaction history but it stores the transaction flow without losing security of cryptographic SPV.
PASC can be exchanged on Poloniex and alcurEX exchanges presently.
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