Most coins have a block reward. Cronas coin does not operate that way. You receive rewards daily at midnight GMT. The point of a block with bitcoin is to offer a reward if a miner finds the solution. Cronas is based on Time. Each day produces a new block. Think of how a merchant processes their daily sales. At the end of the day he or she sends a “Batch” which is the sales for the day. But throughout the day the transactions were verified when the customer swipes their card. The total batch will then be deposited in the merchants bank.
Cronas coin works on this principle. The transactions are verified during the day and then the block occurs at midnight GMT and all of the daily transactions are added to the database. The operator of the validator receives a validator reward which is the transaction fees collected for the day. No coins are stored on the validator. Only wallets can contain coins.
Who pays that?Cronas coin works on this principle. The transactions are verified during the day and then the block occurs at midnight GMT and all of the daily transactions are added to the database. The operator of the validator receives a validator reward which is the transaction fees collected for the day. No coins are stored on the validator. Only wallets can contain coins.
We propose a network that offers super fast confirmations, thousands per second combined with the benefits of a distributed crypto network
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