The Future of Digital Cash
Tuesday, July 24, 2018
Lonero is a newly emerging cryptocurrency that aims to be the future of digital cash. The problem with current privacy coins, alt coins, and emerging cryptocurrencies relies mainly on stability, security, and an unknown future. We aim to fix many of these stability issues, be extremely decentralized, and have technology that actively supports the community. We are utilizing some of the most advanced techno- logical protocols in order to do so. This includes our consensus protocols that support less barriers amongst ASIC vs. Non-ASIC systems, along with the Cryptonote foundationâ€™s widely trusted ring signature protocols, multiple layers of security, and a utilization of â€œProof of Workâ€ and â€œProof of Spaceâ€ mining. Among the technology we are also integrating a Decentralized Autonomous Organization or DAO, bounty programs, and a mathematical proof that allows further decentralization. We believe that mining rewards shouldnâ€™t merely be limited to hardware specifications but also to total mathematical knowledge, so we provide a fair market game to everyone involved.
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