Nodecoin - is a second generation cryptocurrency made from scratch on node.js. It was created from scratch to contain many improvements and additional features over a first generation crypto currency such as Bitcoin.
Unlike other cryptocurrencies, Node doesn't strive to replace Bitcoin, but in contrary encourages its adoption and spreading. We believe that Bitcoin is the pylon that holds everything in place, the infrastructure and economy of the crypto-world was created around bitcoin, and our goal is to maintain that spirit. One of the objectives we've set in order to fulfill that goal is to integrate BTC with Node. The initiative is remarkable, so we took it to another level and added USD and EUR to the Integration List, making a total of 4 assets within one Wallet. In order to understand the working principle we'll examine the crypto aspect of Node.
Node cryptocurrency?
What makes node different and unique, is the cutting edge technology that was used to program it: Node.js®
Node.js® is a platform built on Chrome's javascript runtime for easily building fast, scalable network applications. Node.js uses an event-driven, non-blocking I/O model that makes it lightweight and efficient, perfect for data-intensive real-time applications that run across distributed devices. For more intelligence visit Wiki.
Nodecoin uses Curve25519 , that is a state-of-the-art Diffie-Hellman function suitable for a wide variety of applications, as its encrypting algorithm and SHA256 as its cryptographic hash function.
New Forging system: Proof of Activity (PoA) implementation. Node relies on an new mechanism for a secured an equitable forging process. Learn More
Instant Transactions - Node's transactions stream has impressive response time, added security measures which lead to an untraditional block generation.
New Block generation concept - unlike other cryptos, Node's Blocks are created on demand. No empty blocks are created, as result the chain is light and fast loading.
First hybrid international electronic payment system that allows you to pay bills and shop online, send and receive remittances. NodePay - includes crypto currency Node, Bitcoin and centralized currency USD - EUR
The system has a high degree of security, speed of transactions and a wide range of input methods-withdrawal. Also feature NodePay are some of the lowest fees (ranging from 0%), client (simple and intuitive interface), full automation of operations and qualified customer support.
What are the advantages NodePay?
Freedom of payments - This is an opportunity to send or receive any amount of money instantly, anywhere in the world, at any time. No bank holidays. No boundaries. Any imposed restrictions. Bitcoin allows users to fully control their kriptovalyuty and real money.
Very low commissions - platezhina currently produced either no commission either incredibly small commissions. Users can enable the commission in a transaction that would be given priority in processing, resulting in more rapid confirmation of network transactions. In addition, NodeBank exist, for that would help entrepreneurs in conducting transactions, translating into NodePay fiatnye currency and placing funds directly to accounts of entrepreneurs every day. Since these services are based on the platform Node, they may be provided with commissions much lower than using PayPal, or credit card network.
Less risk for entrepreneurs - Transactions NodePay safe, irreversible, and do not contain sensitive or personal information about the customer. This protects businesses from losses due to fraud or fraudulent return fees and no need to meet the standards PCI - Security Standards Payment Card Industry. Businesses can easily expand into new markets, where not available or credit card, or unacceptably high ratings fraud. This network gives lower commissions, large markets, and less administrative costs.
Security and control - users NodePay fully in control of their transaction; entrepreneurs can not without your knowledge or desire to withdraw money, as can happen with other payment methods. Payments can be made without reference to the personal information of the transaction. This gives strong protection against theft of personal information. NodePay users can also protect their money with the help of backup and encryption.
Transparent and neutral - All information regarding most of the money supply NodePay always available for all units in the chain, in order to check and use in real time. No one person or organization can not control or manipulate protocol Node, because it is cryptographically secure. Allowing trust central Node, for its neutrality, transparency and predictability.
U can also check the whitepaper
https://docs.google.com/document/d/1zDlGZn7sICIA8bUPhe6jPPzGOxA4YgTgi6J4XilFpgs/edit?pli=1
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