CryptoBullion Announces PoSP Algorithm and Expansion to Chinese Market

CryptoBullion is one of the oldest alternative digital currencies. In an attempt to innovate and stand out from other cryptocurrency projects, the CryptoBullion team is pleased to announce an unprecedented Proof-of-Stake-Participation algorithm and expansion into the emerging Chinese market.

The CryptoBullion team is extremely interested in keeping CBX on the cryptocurrency technology leading edge. Designed to be rare and valuable, less than 1 million CBX are in circulation, with a variable annual interest rate of over 2% for stakers.

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Launched in June of 2013, the CryptoBullion always tried to be an exclusive cryptocurrency. CBX has successfully completed its distribution phase and has reached the planned stage where its money supply grows by 2% per year.

The Team is now starting the development work on the innovative PoSP (Proof-of-Stake-Participation) algorithm to replace the existing Hybrid PoS/PoW. The implementation of PoSP will coincide with a new release of the ‘CBX Vault’ wallet software.

PoSP will maximize network security via a pay-for-work poliCryptoBullion_article_middleimage_NewsBTCcy that operates using a highly energy efficient alternative to Bitcoin’s Proof-of-Work (PoW).

PoSP will insure that a 2% annual interest

Read more ... source: TheBitcoinNews