Details about POC Blockchain cryptocurrency
€17
1,000,000,000
2.242
Unknown
https://www.pocblockchain.io/
@POCblockchain
9558x
€1176.92
POC Blockchain price charts
POC exchanges
POC Blockchain, the crypto
POC Blockchain (POC) is a type of blockchain that uses Proof of Capacity (POC) consensus algorithm, also known as Proof of Space and Time (PoST). It was invented by Burstcoin (BURST) founder, who was seeking a way to make mining more energy efficient and eco-friendly.
The point
The main point of POC Blockchain (POC) is to reduce the amount of energy needed to mine a block in a blockchain network, thus making it more sustainable and eco-friendly. POC uses idle storage capacity on hard drives to mine blocks, instead of relying on expensive and power-hungry ASIC mining rigs. This makes it accessible to more people and reduces the centralization of mining power.
The problem
POC Blockchain (POC) tries to solve the problem of energy consumption and sustainability in blockchain networks. Traditional Proof of Work (PoW) mining algorithms require a lot of energy and computing power to secure the network and validate transactions. This has led to a concentration of mining power in the hands of a few players and raised concerns about the environmental impact of blockchain technology. POC tries to address these issues by using idle hard drive space to mine blocks, which is more energy-efficient and accessible to more people.
Compare POC and BTC performance
| Timeframe | POC | BTC |
|---|---|---|
| 1h change | -0.0909221 % | 0.275037 % |
| 24h change | -0.08 % | 1.05511 % |
| 7 day change | -1.23 % | 1.71708 % |
| 14 day change | 0.07 % | -7.61859 % |
| 30 day change | -12.9 % | -6.80856 % |
| 200 day change | 42.29 % | 129.346 % |
| Year change | -2.61 % | 139.298 % |