Which product does Charity Coin propose?We want to create a platform where everyone can easily gain information on any global humanitarian problemas well as on the organization working to solve this. A platform where indidviduals and organizations can offer andimplement their project aimed at solving a particular social problem. The platform that will be integrated into theglobal financial network and thus when each user conducts a cryptocurrency transaction, it will contribute to solving a global problem
Where Can I Get the Charity Coin Wallet?You can download the wallet from the official repository on GitHub or go to our Download page.
How to Install Charity Coin Wallet?1. Download the wallet from the official website or repository on Github.2. Run the installation file.
Can I mine CHRY?No, the coin is not mineable. We only support PoS and Masternodes.
What is PoSProof-of-stake (PoS) - is a method of protection in cryptocurrencies, in which the probability of forming aparticipant of the next block in the blockchain is proportional to the share that belongs to this participant's settlementunits of this cryptocurrency from their total number. This method is an alternative to the method ofconfirmation, Proof of work (PoW), in which the probability of creating the next block is higher for the owner of morepowerful mining equipment.
When using the PoS method, the block generation algorithm is independent of the hardware capacity, but it is morelikely that the block will be formed by the account with the currently larger balance. For example, a participant owning10% of the total amount will generate on average 10% of new blocks.
What is a Masternode?A Masternode is actually a computer wallet, or a cryptocurrency full node, with the copy of the blockchain. By owninga Masternode, you not only support the whole system but also get some passive income, meaning a Masternode can becompared to a share. However, Masternodes are different from ordinary nodes by their purpose: they not only supportthe blockchain by validating transaction blocks but also
1. ensure the privacy of transactions2. increase speed of transactions3. pay a bit higher interest rate compared to simple staking.
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