LARGO COIN: A RELIABLE SOLUTION FOR THE CURRENT AND FUTURE NEED OF THE DIGITAL MARKET
INTRODUCTION
LARGO platform makes us understand the multifaceted nature of cryptocurrencies even better because having understood that there is need to improve on the existing framework to be able to effect a growth and stabiby in the market, it is imperative to give in to newer ideas that would help improve the market capacity. So it is not just about solving the present problems or limitations in the scalability or adoption, there would definitely be some issues coming up later as more scalability and adoption is achieved and that means all the past solutions that cannot be improved upon will become useless. That would definitely cause a significant setback because the adoption would reduce and then scalability would be affected all over again. But, a sincere solution would be to create new systems or cryptocurrencies which can be easily upgraded and improved on as more scalability is achieved and as more adoption is achieved, such that it becomes compatible with the kind of architecture it has as its foundation. LargoCoin is such a cryptocurrency like that. It has the architectural design that makes it able to both serve present need and also improve to fit the future need also.
LARGOCOIN PLATFORM
This platform is designed intentionally to be the a long lasting solution that would always meet every demand of the blockchain with no time constraints. So the more the blockchain grows, the more improved and suited for its needs it become. The market would be developed consistently on account of this ecosystem because the structure of the project makes it such a compactible tool that is capable of making so much improvement.
SOLUTION TO THE PROBLEMS OF PROOF OF WORK CONSENSUS ALGORITHM
One of the elements that makes LargoCoin so wonderful is the consensus algorithm it adopts. The old type of consensus is food but has its limitations, in that it requires a lot of spending and investing in mining equipments that consumes so much power. This however doesn't make it so acceptable because the more the blockchain becomes adopted, the more mining equipments would be needed and that is a lot of cost. However, on the contrary, the new type of consensus which is the Proof of stake (POS) has nothing to do with using mining equipments, it only involves the participation of cryptocurrency holder in validating various transaction blocks, the holders who stake more are considered suitable for this process. So the more you stake or freeze you tokens, the higher your chances of being chosen to validate blocks and then be rewarded with coins if the transactions you are assigned to verified are verified properly. This is basically what minting is all about.
CONCLUSION
The new consensus algorithm is helpful to the blockchain and through this platform that encourages it, the blockchain network can now enjoy security as and advantage for all users, thus making security an additional advantage to the market solutions the platform brings. LargoCoin is really so beneficial, not just to the blockchain but users as well because the solutions that affect the network would automatically affect the users in the same positive way.
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/
AUTHOR'S DETAILS
Bitcointalk Username: Conyema
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2802459