After years away from public eyes honing his craft, Sunny King has returned to the blockchain battlefield. Along with the release of project VEE, he advised the establishment of Primecoin Foundation to develop his previous brainchild, Primecoin.
When it was first released in 2013, Primecoin shocked the industry with its ingenuity and transaction capacity. It rapidly took the third place in blockchain market capitalization in 2014. Many believed that it could be the next most significant blockchain after Bitcoin. However, lacking a dedicated development team, that hope was never realized. To date, Primecoin remains far from achieving its potential. Primecoin Foundation is established to fulfill the long absent development team, alongside the return of the “King”.
Primecoin Foundation is a non-profit, volunteer based organization funded by generous donors. It supports and promotes the evolving Primecoin protocol and its community, engages in cutting edge base layer research to preserve the legacy of Useful-Proof-of-Work Consensus Primecoin introduced, and establishes an easily accessible ecosystem that realizes the future of decentralization. It also sponsors Primecoin or blockchain related events and maintains websites, forums and social media. It provides financial incentive and technical support worldwide for developers and its users.
Under the advice and overseeing of Sunny King, Primecoin has planned a development campaign for the next 5 years. While carrying on the heritage of scientific, useful and environmentally friendly cryptocurrency, Primecoin will first be compatible with Bitcoin version 0.16, upon which smart contract, lightning network, atomic swap, decentralized exchange and use-friendly clients will be available to its users shortly.
Primecoin seeks innovation and excellence. It strives to produce real world value and application and make them easily accessible to users. The establishment of the Foundation will facilitate the transmutation and to contribute to the blockchain future.
