Slimcoin - Proof of Burn, Proof of Work and Proof of Stake

A while ago I briefly mentioned Slimcoin, in the context of a PoB (Proof of Burn) discussion. When it started, in 2014, Slimcoin was the first crypto currency to implement such a counterintuitive (and sometimes mind boggling) generation algorithm.

I followed the project closely, both on the bitcointalk thread and on Github, and I also played with the wallets (both GUI and CLI). The project kept gaining momentum and, although is not at all trendy and fancy and visible like all those coins you see in the top 20 positions in Coinmarketcap, it's becoming a serious cryptocoin.

Lately, the community helped to test the 0.5 version which is now tagged as "stable" on Github and right now they are updating the website (which you can see here). One of the most interesting features of the 0.5 version is the addition in the GUI of the "inscribing" feature (making use of the OP_RETURN operation of the blockchain) which basically opens the road towards a serverless, censor-resistant content delivery engine.

Right now, Slimcoin is only traded on Novaexchange but I think it's just a matter of time until it will be adopted by other exchanges too.

Again, it's not fancy, but it does have some impressive features (the most important one being that it packs 3 coin generations mechanisms: Proof of Bur, Proof of Work and Proof of Stake).

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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