ONZ coin- DPOS block chain for social networksby Melissa W. Content Writer
It can easily be argued that block chain has become like the new internet. Based on its level of security and the fact that it is very efficient in crypto currency, block chain has become reliable software for online transactions and business around the world. There has been for a long time plans to try and Inco-operate this technology into social network. Today, we can proudly say that this has been successful thanks to ONZ coin crypto currency. This article discusses was in which ONZ coin has been successful.
Transforming appreciation for social media
The idea behind ONZ coin was to find a way of connecting block chain technology to social media by making it possible for block chain ICO to become an ONZ crypto currency token that could be transferred. The question of value here is answered in terms of community appreciation for the coin.
By using the DPOs technology, ONZ coin then becomes more efficient, fast and affordable crypto currency on the market. Together with this, the security level associated with DPOS makes it impossible for anyone to alter a transaction. This means that a transaction can remain secure for a long time and evidence and history of the transaction will be there long after it is completed.
Quick confirmation process
Only a few trusted block signers are allowed to participate in the transaction process. This means that, there will be no need to have many signers imposed which slows down the process. In turn, DPOS block chain makes it possible for the network to reduce need for confirmation hence producing and increase in speed of transaction times. With this technology ONZ coin operates at very high transaction level. Considering the fact that social media has the most subscribers and probably a lot of transactions may be expected, this coin done marvelously.
Value of the coin
The coin itself has been made affordable to many people compared to other crypto currencies. It can be noted that this is one of the reasons why it seen such a tremendous performance on the market. Apart from this, the coin has seen vast appreciation across all social networks.
There are many reasons apart from the above that makes ONZ coin outstanding. Even though it is not easy, and maybe not yet perfect, but the team working on it remain positive that in the near future, ONZ coin will be the best block chain platform on the market.
Created on Jan 3rd 2018 23:28. Viewed 521 times.