About Kronecoin
Kronecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. This is an open source, global payment network that is fully decentralized without any central authorities. Yes, The may be just another cryptocurrency but the goal over the few next years is to help people who want to mine to do so with small hardware resources.
They are not an IPO and they don’t own any pre-mined coin, they are not promising you the moon. What Kronecoin offers you are faster transaction confirmation times and an improved storage efficiency compared to the leading math-based currency. With substantial industry support, trade volume and liquidity, Kronecoin aims to become a valid alternative to Bitcoin.
Kronecoin Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Kronecoin |
| Short Name | KRONECOIN |
| HashRate | 0,01 GHs |
| Coin Supply | 36,180,849 of 84,000,000 |
| Official Project Website | Click Here To Visit Project Website |
Features
Resources
The Mining Pool EU Kronecoin Mining Pool US Block Explorer Buy / Sell Kronecoin on C-CEX Buy / Sell The on Cryptopia Source Code on GitHub Bitcointalk Thread
Open Source Software
This is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Blockchain
The Kronecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
WALLET ENCRYPTION
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending.
Mining Reward
Miners are currently awarded with 50 new coins per block, an amount which gets halved roughly every 840,000 blocks. The network is therefore scheduled to produce 84 million kronecoins.
How To Mine
Mining Kronecoin is very easy. First you have to create your Krone address using a Desktop Wallet (Windows, Linux, Mac).
On Windows open the Desktop Wallet
Go to Help
Click on Debug Window (a console to execute commands will open)
Type setgenerate true -1 to start mining with 1 CPU or type setgenerate true -n to start mining with n CPU if you have more
Your Windows computer will start to mine, to stop it type setgenerate false
On Linux or Mac OSX we suggest Minerd as CPU miner software
Download cpuminer from GitHub follwing this LINK
Move the file from Download folder to your Desktop (unzip if needed)
Open a Terminal console and move to the Desktop typing cd Desktop/ and pressing Enter
Run minerd using 1 CPU typing
./minerd –url=stratum+tcp://kronepool.org:3008 –userpass=YOUR_KRONE_ADDRESS:1234 –threads 1
or
Run minerd using n CPU typing
./minerd –url=stratum+tcp://kronepool.org:3008 –userpass=YOUR_KRONE_ADDRESS:1234 –threads n
Is Kronecoin Secure?
Yes, This is designed to be secure. The decentralized nature of the network reduces the risk of single points of failure or vulnerabilities. Transactions on the blockchain are cryptographically secured, making them tamper-proof. However, as with any digital currency, it is essential to practice good security measures, such as protecting your wallet and using secure networks.
Conclusion
As a peer-to-peer Internet money, This is revolutionizing the realm of digital payments. It provides people all around the world with a practical and affordable alternative thanks to its capacity to permit quick and nearly cost-free transactions. It guarantees transparency and does away with the need for centralized authorities by being an open-source and decentralized network, giving people total control over their finances.
This international payment system has the potential to close financial gaps, give people more power, and promote economic development. To maintain its long-term stability and success, like with any new technology, it is essential to monitor its development and conform to regulatory frameworks. With the help of, borderless, secure, and quick transactions will soon become the standard.
FAQ
What is Kronecoin?
This is a peer-to-peer Internet currency that allows users to make instant and near-zero cost payments to anyone globally. It operates on a decentralized network, meaning there are no central authorities controlling or overseeing transactions.
How does Kronecoin work?
They operates on a peer-to-peer network, where users directly transact with each other without the need for intermediaries. Transactions are validated and recorded on a blockchain, a public ledger that ensures transparency and security.
What are the advantages of Kronecoin?
They offers several advantages, including near-zero cost payments, fast transactions, and global accessibility. Its decentralized nature ensures that users have control over their funds, and the open-source nature of the network encourages innovation and community participation.
How can I use Kronecoin?
To use Kronecoin, you need a digital wallet compatible with the currency. You can obtain by either purchasing it from exchanges or by participating in the mining process, where you contribute computing power to verify transactions and earn rewards.
Is Kronecoin secure?
Yes, Kronecoin is designed to be secure. The decentralized nature of the network reduces the risk of single points of failure or vulnerabilities. Transactions on the blockchain are cryptographically secured, making them tamper-proof. However, as with any digital currency, it is essential to practice good security measures, such as protecting your wallet and using secure networks.
