12] [13] This could be worked around using centralized check-pointing.

12] [13] This could be worked around using centralized check-pointing.

Novacoin (code: NVC) is the 2nd known cryptocurrency based on an implementation of a combined proof-of-stake/proof-of-work system. It is presently the twelfth largest cryptocurrency., according to Coinmarketcap. [Two] [Trio] [Four]

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A peer-to-peer network treats Novacoin’s transactions, balances and issuance through scrypt, the proof-of-work scheme (Novacoins are issued when a puny enough hash value is found, at which point a block is created, the process of finding thesis hashes and creating blocks is called mining). Read More