Recently, CoinMarketCap added two Cryptos a couple of weeks before 2016 ended that deserve mentioning. Fargocoin and Byteball have got something new and unique to enrich the ecosystem. They deserve our attention and resources.
With its unique Blockchain platform designed to increase network security and improve the limitations and functionality of initial cryptocurrencies such as Bitcoin, Fargocoin’s Proof of Stake concept allows mining without massive hash power.
A Spokesman of Fargocoin told Cointelegraph:
"Proof of Stake is the best alternative solution to the original Proof of Work system that Bitcoin pioneered. A proof of stake system provides increased protection from a malicious attack on the network."
The Crypto company claims since Proof of Stake is less energy, it is seen as a greener way to run a cryptocurrency network. Actually, the concept requiring spending no electricity to mine, creates an incentive for all to keep their wallets running 24/7.
Tony Churyumoff, CEO of Byteball, believes they are on board with a number of technical differences, which are important, but most of all ease of use, which is commonly neglected in the crypto market. As at the time of filing this report, Byte was at number 26 on CoinMarketCap. That is very impressive for a digital currency that was listed less than two months ago.
To expand beyond the narrow niches that the industry currently occupies there is the need for user experiences that appeal to average users who are not experts in cryptography. Byteball makes payments easier with an integrated communication making most interactions in Byteball wallet conversational.
Churyumuff revealed:
“We have a built-in chat which allows users to accomplish tasks quite fast and in the lightweight interface with payments that can be done in two clicks. ”
The cryptocurrency's decentralized platform for payments gives users the degree of control that they never had before. It allows to be connected to payments of events happening in the real world, and this is achieved through smart contracts that are user readable, easy to understand, and don’t require to trust a developer.
"Comment to know how byteball is giving free bytes for linking bitcoin wallet"