PCH is not a ‘Dark Coin’
Dear participants,
I would like to share some information about POPCHAIN’s mainnet and the wallet.
- PCH is not a ‘Dark Coin’.
POPCHAIN is a project mainly influenced by Bitcoin and DASH, and POPCHAIN is using the master node system.
However, it is not meaning that PCH is a dark coin. We determined to accept the master node system only for that it is necessary to maintain the decentralized content ecosystem of POPCHAIN.
In the case such as DASH, you need to stake 1,000 DASH to become a master node and do not have any other conditions. Through this, the master node users can get high reward(45% of mining node reward) and use the private send which is untraceable.
This increased number of users who participate as master node only for the rewards and Anonymous trading. As a result, the number of low-performance nodes increases, the mainnet network slows down.
POPCHAIN foundation aims for the decentralized content ecosystem and transparent transactions. We knew the problems of the master node system and made our decision very carefully.
POPCHAIN’s master nodes do not stake PCH and not able to use Private Send. Master nodes will be operated by the Foundation’s partners responsibly. Partners must continue to operate the nodes to maintain the POPCHAIN ecosystem, with only a small reward(5% of mining node reward). This is to ensure that partners in more responsible positions operate nodes so that POPCHAIN does not break its original vision and prohibit to create a structure in which only a few nodes can get the benefit.
POPCHAIN do not have any plan to apply Dark coin system and promises to keep our ecosystem transparently.
2. POPCHAIN uses UTXO.
POPCHAIN is using UTXO(Unspent Transaction Outputs) system, so the transaction system is different from Etherium. For more information about UTXO, there is a good article to reference, so I will attach a link. As a result, POPCHAIN’s wallet is configured to be easy to use without worrying about these features and has an advantage in security. Our network fee is also fixed at 0.0001 PCH, so we solve one of the issues of UTXO.
-Link: https://medium.com/@sunflora98/utxo-vs-account-balance-model-5e6470f4e0cf
And also, if you use the POPCHAIN wallet, you can see that your wallet address changes every time. This is a typical feature of UTXO which is for security. You can still check your total volume of PCH and transaction history through your wallet no matter you use which address.
In addition, the official desktop wallet will be released soon.
We look forward to more supports and activities of you.
Thank you.
POPCHAIN Foundation
