PAC Protocol

PAC Protocol

PAC
$0.000073819%-5.04

Key Metrics

Price$0.000073819
Real Volume (24H)$30,666.28
Marketcap$1,287,596.81
Fully Diluted ValuationN/A
ATH$0.01888026
ATH Date3/24/2021, 10:09:20 AM
ATL$0.0000001431
ATL Date10/10/2017, 3:00:00 AM
Circulating Supply17B
Total Supply50B
WebsiteN/A
WhitepaperN/A
Popularity Rank2256
Chart
What is PAC Protocol?


PAC Protocol, also known as PAC, is a digital payment network that aims to connect merchants, consumers, and commercial enterprises worldwide. By utilizing blockchain technology, PAC Protocol enables users to conduct fast, secure, and inexpensive transactions without the need for expensive intermediaries.

The PAC Protocol utilizes masternodes and Proof-of-Stake (PoS) mechanisms to ensure quick and secure transactions worldwide. Masternodes, which play a crucial role in governing the cryptocurrency network and validating transactions on the blockchain, operate on a collateral-based system. PAC Protocol uses PAC as its native coin, and each registered masternode requires 500,000 PAC coins to run. By setting up collaterals, PAC Protocol ensures that participants have an equal share of network rights.

PAC Protocol's built-in penalty system tracks and validates trustworthy masternode hosts, making the network secure and reliable for fair transactions. Moreover, PAC Protocol utilizes an upgraded Proof-of-Stake (PoS) mechanism or POSv3 to optimize network support and scalability. The staking consensus primarily focuses on environmental sustainability and encourages carbon neutrality. Thus, PAC Protocol employs minimum resources to mine crypto-assets and schedule block verification while striving to increase the use of renewable energy for validating blockchain transactions.

Users can stake PAC coins and participate in the network, and PAC tokens are utilized for distribution purposes as rewards to appreciate users for utilizing minimum resources to create new blocks on the chain. PAC tokens can be stored or promptly traded across the network, and the protocol features PACSquare, a community-based decentralized web store trading goods, charity, services, and more.

PACapp is the mobile application of PAC Protocol, allowing users to transact PAC crypto-assets securely and quickly. Drew Saunders chairs the board of PAC Protocol, and the litepaper was published in mid-2021.

In conclusion, PAC Protocol is a digital payment network that seeks to eliminate the need for expensive intermediaries and provide quick and secure transactions worldwide. With its masternodes, PoS mechanism, and built-in penalty system, PAC Protocol ensures a secure and reliable network for fair transactions. The use of renewable energy and the encouragement of carbon neutrality demonstrate PAC Protocol's commitment to environmental sustainability. The availability of PACSquare and PACapp offers users a convenient and straightforward way to participate in the network and transact PAC crypto-assets.

Disclaimer

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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