Since the advent of blockchain, the world has seen a tremendous rise in cryptocurrencies, each with their unique and distinct features. These coins have revolutionized the financial sector, logistics, data security and a host of other groundbreaking advancements to the paradigm Shift.
The success of bitcoin, the first coin that was launched on the blockchain, opened the gates for many other currencies to be launched, among them, is OhmCoin. A refreshing, innovative yet altruistic in its goals towards humanity.
Features of OhmCoin
One of the main features of OhmCoin is the AOK (Act of Kindness) Platform. This platform provides an opportunity for individuals to give back to society, and in return be rewarded for their acts of kindness towards others. The most prominent feature of the AOK platform is that the positive deeds of the Ohm community members are integrated as transactions which builds the blocks on the blockchain.
Fast
One of the main reasons why cryptocurrencies are rendering current financial systems obsolete is due to the speed of their transactions. Unlike like some of the more notable cryptocurrency coins, OhmCoins transaction settlement times are essentially instant due to the implementation the lightning network.
Privacy
OhmCoin also provides maximum protection for all transactions that are created and settled on its Blockchain, by using the option of private send within the Ohm wallet. This allows for anonymity and privacy throughout all aspects of the transactions between senders and receivers.
Proof of Stake- POS
True to its nature OhmCoin is inherently a conservator making proof of stake the algorithm of choice for minting or validating block transactions. This means that holders of OhmCoins will benefit by being rewarded newly minted coins in their wallets for supporting the network. Another benefit that makes POS attractive to newcomers into the crypto sphere is that it drastically reduces the cost as far as the barrier to entry, which is always a plus for newcomers to the space.
KarmaNode
Being true to their mission and vision for OhmCoin rather than simply being known as Masternode ohm has dubbed its version of masternode a KarmaNode. A KarmaNode is extremely integral to the OhmCoin ecosystem as it secures the coins network. Due to its significance, operators are rewarded with Ohm for running one or multiple nodes. Another noteworthy mention of the KarmaNode is that node holders will be given the opportunity to vote on donation campaigns similar to crowdfunding on the blockchain.
OhmCoin is a remarkable project with great purpose and potential, by giving its holders the opportunity of being one of those at the forefront of the rapidly rising blockchain technology while giving back to humanity. Learn more about this exciting project at www.ohmcoin.org or join the community on discord https://discord.gg/PFxtjeN.