About Onecoin
BLOCKCHAIN
The Onecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
WALLET ENCRYTION
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Onecoin.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
MINING REWARD
Miners are currently awarded with 25 new Onecoin per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).
The Onecoin network is therefore scheduled to produce 84 million Onecoins, which is 4 times as many currency units as Bitcoin.
The Onecoin network is therefore scheduled to produce 84 million Onecoins, which is 4 times as many currency units as Bitcoin.
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