What is Noir?
NOIR (NOR) is a decentralized cryptocurrency that aims to provide a secure and untraceable payment service for its users. Built on the cryptographic technology of the Zerocoin protocol, NOIR ensures anonymity and privacy to its users whenever required. The platform is designed to be completely governed by the community and belongs to everyone who wants to participate in shaping its future.
According to the team, NOIR offers an alternative to traditional payment systems that rely on centralized authorities. By utilizing the blockchain technology, NOIR provides a decentralized payment system that enables users to transact directly without the need for intermediaries. This system is more secure and less prone to hacking and fraud.
The platform's next steps for development include the implementation of Sigma protocol and the switch from PoW to PoS. The Sigma protocol is an advanced version of the Zerocoin protocol, which provides increased security and privacy to the platform. The switch from PoW to PoS will make the platform more energy-efficient and sustainable.
NOIR is a rebrand of Zoin, a cryptocurrency that was launched on 13th June 2017. The platform is a fork of Zcoin, which was launched on 5th November 2016. The team behind NOIR has worked hard to ensure that the platform is user-friendly and accessible to all.
NOIR's community governance model ensures that the platform's direction is determined by the community. The community has a say in every aspect of the platform, from development to marketing. This approach ensures that NOIR is more responsive to the needs of its users, making it more attractive to investors and users alike.
The platform's focus on anonymity and privacy is its biggest selling point. Users can transact anonymously, without the risk of their transactions being traced back to them. This feature makes NOIR a popular choice for those who are concerned about their privacy.
NOIR has a total supply of 21 million coins, with over 2 million currently in circulation. The platform's mining process uses the Proof of Work (PoW) algorithm, which requires miners to solve complex mathematical problems to validate transactions and earn rewards. The switch to Proof of Stake (PoS) will make the platform more energy-efficient and allow users to earn rewards by simply holding coins in their wallets.
In conclusion, NOIR (NOR) is a decentralized cryptocurrency that offers users a secure and untraceable payment service. The platform's community governance model ensures that the community has a say in every aspect of the platform. NOIR's focus on anonymity and privacy makes it an attractive choice for those who are concerned about their privacy. The platform's upcoming developments, such as the implementation of Sigma protocol and the switch from PoW to PoS, demonstrate the team's commitment to providing an innovative and sustainable payment solution for its users.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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