Essentially, Accolade coin happens to be a reward program that has completely revolutionized the way digital rewarding works. As of yet, there are a number of incentives (advertising platforms) working in the market which reward their users in terms of data and other means. However, we have taken this practice to a whole new level by establishing a Global reward system.
Acco Coin enables you all, including merchants and developers, to incorporate our API into your systems and hence, give away the accolades as rewards. This is such a robust measure that if, in the future, any one of you would want to give social rewards, you could give accolades instead of ‘mere likes’. For instance, if you like someone’s blog post, go ahead and give them a couple of accolades instead of just upvoting their efforts. As a whole, you will all be able to login to our social platform with your respective IDs and share Acco coin as a token of appreciation, harmony, and love. Isn’t that brilliant?
Let us have a look at our technical specifications to realize our efficiency and countermeasures to defy any cybersecurity event.
Master node
This is a big deal. Well, Acco Coin is one of the few digital currencies operating on Master node, which is a computer. However, this computer possesses a sheer capability to run dash wallet and make intelligent decisions in a matter of seconds. Therefore, it is fair to accept that master node possess a certain degree of Artificial Intelligence as well.
Well, it should be noted that this computer operates on a dedicated IP address and is able to run for straight 365 days, possessing a maximum downtime of 1 hour (even that does not occur!)
Let’s explore its features:
- Unlike most of the ‘celebrated’ platforms, it offers instant transactions
- The transactions are anonymous
- The entire system is decentralized
- Operates on dash, which is a decentralized payment processor
Proof of Work
This protocol aims to halt the distributed denial-of-service attack, which has the purpose of sending an array of fake requests to the system, which ultimately leads in the exhaustion of resources.
At the moment, it is used by a huge number of cryptocurrencies, ranging from Bitcoin to Acco coin and in order to grasp its working and concept to an absolute level. Let us consider a situation where you are solving a math exam, and the class is filled with a lot of students. The students who come up with a solution, as well as a comprehensive proof of their answer that determines how they reached the final answer, must get a reward. Now it is very understandable that if a student does both of these tasks, he uses significant brain power and a considerable amount of energy is also required which is demanded from the entire body.
Now, if we map this exact concept to the World of cryptocurrency, the math exam is your transaction and the classroom maps to the entire World where consumers and this network lives. Moreover, the student refers to the hardware that is running very complex algorithms and requires an immense computing power (brain power in the previous example). Lastly, the term ‘lot of energy' is explicitly relevant to a huge amount of electric power required to operate the backend of Acco Coin.
Proof of Stake
Its mode of operation is quite different from PoW. Even though Acco Coin is utilizing this robust algorithm to validate transactions, it was initially used by Peercoin in 2012, as a result of a suggestion posted on bitcointalk in 2011.
Unlike the process of PoW, where miners are rewarded for solving mathematical problems and creating new blocks, PoS focusses on the creation of new blocks and the creator of each block is chosen depending on his wealth. However, it should be noted that no block rewards are involved in this mechanism, and all the currencies created in the past remain unchanged under all circumstances. Because there is no block reward here, miners take the transaction fee. Hence, in this protocol, the miners are called ‘forgers’.
Acco Coin on the Internet
Find us on exchange: https://coinsmarkets.com/trade-BTC-ACCO.htm
Within a week, one thousand people installed the wallet and joined the discord. Invitation link to Discord: https://discord.gg/DHKCmbF
- Bitcointalk: https://bitcointalk.org/index.php?topic=2510448.0