Grand50 ICO

Description

The Grand 50 Coin is viable crytpocurrency sculptured after Satoshi Nakamoto’s sight of bitcoin. It is a decentralized peer-to-peer transsactional cryptocurrency developed to offer a solution for the proof of Work Currencies. As , in proof-of-work the relative quantity of the voting power is bifurcated among Miners , developers and other members of the community which makes it implausible because of the super charged mining power. Grand50 commutes an easy to go proof-of-stake algorithm that is easy to be mined on any computer without using the high computational power or Graphic processing unit. The Grand50 coin is evaluated with a proof-of-stake consensus that is economical in terms of the use of energy. The purpose of the Grand 50 Coin is to allow the miners to mine with the masternode with fixed block rewards so that there can be statistical distribution of the coin by fair means. 85% of the block rewards are for the masternode miners. While 10% of the block rewards are for stakers and the rest 5% for the governance pool that is decentralized. The masternode structure of Grand50 allows equally weighing of the coins around the network it means the large wallets do not receive the higher amount of benefits as they were used to before. The concept is easy that owners of the masternodes will get the same amount of reward as per the block. The total Supply of Grand50 Coin is 5,000,000,000 (5 Billion). The mechanism of the Grand50 Coin is based on Bit green that has been adapted to utilize both proof-of-stake and masternode consensus.