Since October 24, China has announced a heavy news to the world that China will launch its own digital currency DECP, affected by this, bitcoin prices once again broke through the price of 10,000 US dollars overnight. Bitcoin's gratifying price trend is enough to prove the bright future of blockchain technology. For ordinary people, however, the entry barrier of Bitcoin is really high. It requires a professional mining machine. Electricity and maintenance costs are also a quite large expense. These make the previous investment too high, but the price of Bitcoin is fluctuate, and for most people, the risk is too high to bear.
As we all know, cryptocurrency under the PoW consensus requires huge energy consumption. However, as climate issues become more prominent and energy competition becomes fiercer, the direction of cryptocurrency mining towards green energy conservation must be the general trend. Therefore, the PoC consensus has sprung up and become a dark horse in mining.
Bitcoin uses the PoW consensus mechanism, which determines its future (unless Bitcoin changes the consensus mechanism like ETH). ASICization and cluster centralization have gradually become the characteristics of bitcoin mining. The huge miners have become the oligopolistic organizations in the market. In addition to being the most cryptocurrency with the largest market value, BTC also shows an unreachable image. This has created a high threshold for ordinary people to participate in the cryptocurrency and blockchain industries, and even turned out to be the entire industry stage.
Contrary to Bitcoin, Diskcoin adopts hard drive to mine. So what is DISC? Diskcoin is an energy-saving peer-to-peer cryptocurrency that retains Bitcoin's advantages, such as peer-to-peer networks, streamlined network frameworks, security features, etc., but is more energy efficient than Bitcoin. Diskcoin adopts the CPoC consensus algorithm (conditional proof of capacity) to reduce energy consumption, save energy, and lower the entry barriers; and make the cryptocurrency generation process more decentralized without affecting its security. The reason why BTC has been blamed is that it consumes energy and electricity, and it has high entry barriers. The emergence of the POC consensus mechanism can solve these problems. It adopts hard disk as the main body to reduce resources waste without affecting its security.
For miners, mining DISC is easier and more convenient. If you stake, you can get the most benefit. The Staking mechanism makes the Diskcoin circulation in a certain quantity, avoiding the situation that the price decrease dramatically caused by dumping Diskcoin.
The DISC has a total circulation of 21 million coins, without pre-mine, with a block time of 4 minutes and a half-cycle of four years. The control of its circulation will be carried out by adjusting the difficulty of mining. The output of DISC and the proportion of Staking will work together to maintain the price stability and ecological prosperity of DISC. DISC has already launched several exchanges and pools, and Baobi Exchange is the starting platform. In addition, it has also launched on many mining platforms including UUPOOL, PoolX, B3Pool, OnePool, FoxyPool and HDPool.
DISC has set up the Diskcoin Foundation has already started the ecological pool support plan. Diskcoin will Stake a certain proportion of DISC to the mine pool according to the comprehensive situation of the mine pool to increase the reward of the mine pool. Any pool who has launched the Diskcoin can submit applications to the Foundation.
In general, DISC adopts the CPoC consensus, which is more energy efficient than most of coins, and has many excellent features. For miners, DISC has a very low entry barrier and uses relatively few resources to maximize the benefits for miners. It is easy to see that DISC has strong application value, financial value and ground-breaking performance. It has made outstanding efforts in energy conservation and environmental protection and a new generation of consensus mechanism. It is not known how the mining industry will develop in the future, but now it seems that DISC has the potential to become the mainstream currency, an excellent successor to Bitcoin.