Minerium is a mineable SHA256 crypto currency, a coin which use the bitcoin protocol and blockchain technology
In a new paradigm of crypto economics, the most important and critical function is the ability to store and exchange our digital assets in a secure manner. Centralized exchanges have been proven to be unreliable and insecure, often hacked or abused. We believe that in order to advance the mass adoption of crypto, a new architecture must be introduced to enable secure and direct peer-to-peer value exchange. The true philosophy of blockchain is to eliminate the need of middleman and to enable transactions without having to place trust in third parties.
Personally, as a cryptocurrency enthusiast and adopter, I love investing in secure platforms and networks.
People will realize that cryptocurrency is not a “bubble”; instead, it is a channel for massive unmet demand for private, sound money.
I'm talking about the real strength of a coin, not a pump and dump scheme or a Copycat-Masternode-Shitcoin.
Minerium coin - SHA256 cryptocurrency
Minerium Coin's goal is to be implemented for real-life use.
Minerium is not just a coin, it is a cryptocurrency.
First, we are aiming to increase its value, then to get a stable price, which will happen at the end of the block rewards process in 2 years.
A minimal value of 1000 Satoshis (0.00001000 BTC) is the ideal and what we will achieve.
This is why we are first focusing on an investment platform which will allow you to use Minerium to buy online.
A partnership with Amazon, Newegg and Netflix, for example.
We realized that many projects have a too long mining process lasting over several years which give fewer chances to the new miners to make profits.
The new SuperDay function is the best remedy for this situation, giving a chance to everyone during the mining process.
See the chart - Block_Rewards - for more details about this specifically.
Why Cryptocurrencies like Minerium is so Important?
People will realize that cryptocurrency is not a "bubble"; instead, it is a channel for massive unmet demand for private, sound money.
Keynesian fear mongering regarding "evil deflation" will be proven wrong as the truism that people must spend money to live, even deflationary money, becomes obvious.
Traditional banks will begin to crumble, much like J.C. Penny and Sears under the threat of Amazon. To survive, they will rely on customers who are late-adopters and laggards, among the very last to abandon the fiat system.
Crypto-banks will begin to dominate. They will be global rather than national. Most people will trust their private keys to these banks, realizing that there is no perfectly secure way to store them. Convenience and "good enough" security will be the dominant paradigm.
A small minority of die-hard users will continue to insist on storing their own private keys and signing their own transactions, much like a few people today insist on compiling their own Linux kernel or building their own PC.
Crypto-banks will be thought of as just that - banks, not "exchanges." The fact that they provide currency exchange services will thought of as an obvious and necessary feature of any banking system.
There will be no government-backed "FDIC" for crypto-banks. However, banks will compete on security, among other features, giving rise to private insurance that protects deposits.
Banks will provide traditional savings-and-loan services, denominated in cryptocurrency.
Minerium over the years:
The reward's period lasts 730 days (2 years). After this, the miners will be compensated by the rewards of the transactions fees.
Compared to Bitcoin, Minerium has the capacity to adjust its difficulty much faster at every 3 blocks.
Its ratio "max PoW/difficulty" is set up to never go very high on the mining difficulty, to avoid the blockchain being stuck and struggling for hours or days.
This will allow a very fluid circulation of the blocks on the network and make a real-life use of Minerium.
For example, anyone can easily help the blockchain with a single CPU, or a cellphone and be rewarded with the mining fees.
This would be a great income as the coin's value at this time will make it be worth for the very low ratio electricity/mining cost.
The remaining coins that will not be bought during the Presale period (which ends on the 1st of May) will be burnt by being thrown into a river.
Everything will be recorded in an uncut video. Its private key will be unknown to everyone, even the team.
The public wallet address will be available to anyone (by block explorer or the cli-command in the wallet) and you will have access to it at any time to verify that no coins will ever be spent.
The goal is to have fewer coins in circulation. This will increase its value, giving less control to one person or a group in the market.
Minerium is a cryptocurrency that has to be used and developed by and for the people.
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