LARGOCOIN: A PLATFORM WHICH FEATURES THE MOST REASONABLE CONSENSUS STRUCTURE

kellyz (39)in #blockchain • 4 years ago

INTRODUCTION

The blockchain has always been run with the traditional proof of work consensus algorithm that is limited in its application during the first ten years of its development. This has caused so much spending on mining equipments because that is primarily what powers that type of algorithm. That design was later discovered to be ineffective and wasteful because the more the blockchain grew, the lesser the Proof of work consensus became. That problem however gave rise to a solution called the proof of stake that is now accepted and able to counter the challenges of the old proof of work algorithm. Now, having used the proof of stake structure for some times, there are still loopholes it cannot fill because of the modification. Hoping to fix that, Largo platform came in o existence to make sure a new type of PoS that can serve now and later is developed and made available to every business entity and the financial programs of cryptocurrency users.

LARGOCOIN ECOSYSTEM

Largo platform team has studied the crypto transfer system to observe the impediments and has come with a solution to the peer to peer transfers that is done in it to be able to solve the problems. The first solution it provides is the development of a network that is able to support the type of transactions that involves different individuals that are engage in financial deals. The solution entails the use of the wallet provided to enable such processes in a more sophisticated environment. The ecosystem also provides transparency and security that ensures the ease of use of the coins or making transfers.

ABOUT THE LARGO FOUNDATION

This is the foundation that concieved the LargoCoin. It has succeeded in bringing all the professionals in the blockchain together to have the platform enjoy massive adoption. The foundation has achieved the expansion of LargoCoin platform through the professionals involved and will continue to have them contribute to it to ensure its exponential growth. This body makes the development of LargoCoin fast, it supported the release of the first open source code and is also releasing the wallet created for massive adoption. The next stage of development that is currently being planned is the constant upgrade of the ecosystem, to make users able to connect to it and adopt it easily to suit their demands for business and for sustainable security.

Credit

The current crypto market will experience trust as created by LargoCoin to make sure trade becomes smooth between participants. Apart from creating trust in the market, it also seek to improve the deal insurance globally and the way escrow services is done. The latest technology is at its disposal to take advantage of to make sure participants face little or no risk at all as they are provided with convenient tools for trading all kinds of assets.

CONCLUSION

The users therefore has to purchase the LRG token to start using the ecosystem. This is also good to begin accessing the escrow. Before long, the LRG token will be in full demand, circulating fast and also boosting the trading levels.

USEFUL LINKS
Website: https://largocoin.io/
Whitepaper: https://largocoin.io/wp-content/uploads/2019/06/WP-v4-converted.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5200762
Telegram: https://t.me/largocoin_chat
Twitter: https://twitter.com/largocoin
Facebook: https://www.facebook.com/LargoCoinPublic
Medium: https://medium.com/@largocoin
Reddit: https://www.reddit.com/r/largocoin/