2016/08/04 11:21 PM
LEOcoin, calling itself “the bitcoin like cryptocurrency for entrepreneurs,” has transitioned to a Proof of Stake mining algorithm after completing its Proof of Work phase. In addition to this mining transition, the project has added new products to its portfolio.
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The LEOcoin Foundation reports that the coin’s transition to Proof of Stake will allow everyone to participate in mining without having to acquire specialized equipment. This low cost approach allows people to stake the coin through a simple button-click in the free wallet client. The Foundation also touts the energy efficiency of Proof of Stake, calling its cryptocurrency a “greener alternative to Bitcoin.”
Moving into the Proof of Stake phase, LEOcoin co-founder…