How CoinJanitor works

One of the mejor problems limiting the adoption of blockchain technology is that thousands of new coins are developed everyday as other coins are failing.

There are 4500+ Cryptocurrencies that can not be exchanged in the market today.

This causes a big loss to the founder, coin holders, and investors of faild tokens.

CoinJanitor Wants to Clean Them up and restore lost value of the crypto market.

Hence negatively affecting the entire crypto market.

How it works watch the video below!!

Video

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Get GitHub access from the Coin owner.

1. Remove other people's ability to commit (Remove all users except CoinJanitor developers from the GitHub committers).
2. Check and update the ledger CoinJanitor holds, or otherwise collect snapshots of the blockchain from peers.
3. CoinJanitor gets control of the consensus mechanism to be the only one who is able to mine.
4. Point mining power if needed to allow transfers (in case of PoW), and in some cases also decrease the complexity of mining.
5. Mint all remaining coins so no more coins can be mined, while updating the complexity andv rewarding rules.
6. Appeal to public for tokens.
7. Begin manual swaps.
8. Close first swap window.
9. Burn all tokens, i.e. transfer all tokens to 0x0 address.
10. Continue taking coins ad hoc verifying against snapshots

See the White-paper

To read more about CoinJanitor, visit the following links.

CoinJanitor Website:
CoinJanitor Products & Services:
CoinJanitor whitepaper:
CoinJanitors Next event:

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Disclaimer

The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.

Batte Billy Jackson.