PlatinCoin

PlatinCoin

PLC
$0.240044992%-0.01

Key Metrics

Price$0.240044992
Real Volume (24H)$4.8
Marketcap$1,200,482.53
Fully Diluted ValuationN/A
ATH$62.38
ATH Date7/5/2019, 12:04:33 AM
ATL$0.00114157
ATL Date12/19/2022, 3:36:07 AM
Circulating SupplyN/A
Total Supply600M
WebsiteN/A
WhitepaperN/A
Popularity Rank2319
Chart
What is PlatinCoin?

PLATINCOIN (PLC) is a revolutionary blockchain-based peer-to-peer cryptosystem that empowers users to make instant payments for a wide range of daily services and goods. At the core of this ecosystem lies the PLC coin, a digital currency specifically designed to address the challenges of online payments. The platform is accessible to anyone, anywhere, as it operates without restrictions and is open to all. With its foundation based on Litecoin, the PLC network offers cost-effective, fast, and secure international transfers in the form of immediate payments. The primary objective of PLC is to foster the widespread adoption of blockchain technology by simplifying entry into the crypto industry for millions of users worldwide.

Recognizing scalability as a persistent challenge in decentralized systems and the crypto industry, PLC places great emphasis on addressing this issue. To achieve scalability, PLC incorporates the technologies of Segregated Witness (SegWit) and Lightning Network (LN).

SegWit is a technique that increases the block transaction limit on a blockchain by removing signature data from transactions, thereby expanding the limit. Additionally, PLC implements the Lightning Network proposal, which introduces hashed timelock contracts (HTLCs) with bi-directional payment channels. HTLCs are transactional agreements used in the cryptocurrency sector to enable conditional payments. In essence, an HTLC requires the receiver or beneficiary to acknowledge the receipt of payment before a predetermined deadline or time. The bi-directional payment channels established by the Lightning Network enable secure routing of payments across multiple peer-to-peer channels.

In addition to scalability, PLC offers a monetization process through the sale of business packages. These packages provide unique solutions and cover various aspects, including:

  1. Academy Points: PLC Academy is an online platform that offers comprehensive training packages to users, allowing them to acquire knowledge and skills in a clear and user-friendly manner. The academy's learning materials encompass validation tests, video lessons, and articles. Academy points serve as the gateway to accessing the learning materials, and the accumulation of points corresponds to the user's learning levels on the platform.

  2. AdPoints: PLC Network is a social network that brings together members of the PLATINCOIN community. AdPoints enable users to advertise within the PLC Network without incurring additional costs.

  3. Voices: PLC Business provides users with a platform to present their projects to the public, offering opportunities for implementation. Users actively participate in the development of their projects by deciding, supporting, and voting on various aspects. Voices are used as a voting mechanism within the PLC Business platform.

  4. PLC: PLC serves as a marketing solution integrated into the PLATINCOIN cryptosystem, granting users access to the full benefits of the platform's technologies.

PLATINCOIN has a rich history, with Alex Reinhardt serving as its founder. The cryptosystem is supported by PLC Group AG, a technology company, and Platin Genesis, a consultancy firm specializing in sales, marketing, installation, maintenance of administrative and marketing structures, as well as client and partner support.

Regarding the creation of new PLC tokens, PLATINCOIN utilizes a hybrid model that combines proof of work (PoW) and proof of stake (PoS) mechanisms. Initially, the coin distribution cycle employs PoW, and subsequently transitions to the hybrid model where both PoW and PoS work in tandem to ensure network resilience and enhance security.

In the hybrid model, PoW blocks function as checkpoints, containing no transactions but serving as anchors for both themselves and the PoS chain. This combination effectively addresses the "nothing at stake" problem by preventing nodes from forging blocks on multiple chains simultaneously, ensuring the integrity of the network.

PLATINCOIN (PLC) stands as an innovative and inclusive blockchain solution, striving to revolutionize online payments while promoting the adoption of blockchain technology on a global scale. Through its advanced features, scalability enhancements, and unique monetization opportunities, PLC aims to create a robust ecosystem that empowers users and drives the future of digital transactions.

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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