CUTcoin: anonymous cryptocurrency based on PoS consensus

Editorial & Review Staff

Editorial & Review Staff

Editorial & Review Staff articles have been checked and revised.

Share This Post

CUTcoin — Concealed Untraceable Transaction coin — is the world’s first cryptocurrency that combines total anonymity and Proof-of-Stake consensus algorithm. CUTcoin enables untraceable and anonymous transactions: using a distributed public ledger, the sender and receiver are kept anonymous. The development team was repelled from the base code of Monero (CryptoNight algorithm), which was significantly improved.

CUTcoin emission started in December 2018 with PoW mining stage (2% of total supply), and later in March 2019, it has successfully migrated to Proof-of-Stake. At the moment, CUTcoin team members are working on various privacy tools for blockchain and DLTs and also designing a framework for asset tokenization using the CUTcoin core.

How concealed staking works with CUTcoin?

To put it simply, you just need to create a wallet and start staking (choose in wallet “Advanced”, then “Staking”). According to PoS calculator on a website, with initial 10,000 CUT coins, staking will bring you 20% reward within 31 days with almost 98% probability. So, taking into account the growth potential, staking CUT coin can be considered as an alternative to existing investment options in the cryptocurrency market.

Learn more about CUTcoin and start staking at: https://cutcoin.org.

If you enjoyed this article please share it for others to read

Articles reflect the author's own opinion.

In any circumstances can CCG be responsible for potential losses regarding investments or services, either referenced by the author in the article itself or by any links provided.

This platform is intended to share educational knowledge, open for several external author's and in no way represents any financial advisement.

Editor Note

Leave a Reply

Your email address will not be published.

Recent Articles

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Explained

Borrowing USDC with FOX: A Guide

Fringe Finance, an all-new and inclusive DeFi lending platform, saw the integration of $FOX as a collateral type into its Primary Lending Platform (PLP). With

Explained

How you can make money with DeFi Yield Farming

Innovative ways to make money from cryptocurrency investments can be found in the DeFi (Decentralized Finance) industry. As the global financial system continues to move

Do You Want To Boost Your Business?

Send us a Press Release or article about your business

Have a new token to present? Some interesting project that uses blockchain? Or maybe one idea you'd like to write about? Share it to the world here.