pascal coin

The SafeBox is composed of many account segments Each account segment contains a set of N accounts (N is 5 for now) Each account contains a user’s public key, current balance, etc Blocks are mined using Proof-of-Work, with 5 minutes confirmation time Every new block appends an account segment to the SafeBox These accounts are awarded to the miner 1 of these accounts contains the mining reward with PASC Copy of the block header is kept in the account segment (V2) Blocks contain signed transactions (operations) which update balances/keys of existing accounts New blocks reference the hash of the SafeBox, not last the block. Only 100 blocks are kept for difficulty calculation, rest can be deleted freely. Nodes process and update their SafeBox’s independently, ensuring P2P decentralisation Nodes only accept the SafeBox with “most-work”. The work for each block is determined from the proof-of-work payloads inside the block headers maintained in account segments. Nodes dist...

PascalCoin was written in Free Pascal, a modern, system-level, object-oriented programming language with advanced features. It was originally designed as an alternative to C, and with it’s modern advances and upgrades, has become a great language for writing high-performance, cross-platform native code.

Self-Funded Community without need for ICO PascalCoin was a 100% fair launch without any pre-mine, ICO or investment rounds. The PascalCoin developer community are independently wealthy, self-funded evangelists who believe in, develop and promote this game-changing technology. As a result, the currency has a healthy distribution without disproportionate early investor hands, as is the case with many ICO coins. We are a genuine project written on an original codebase introducing new innovative technology, not a get-rich-quick-scheme.

Assets, Sub-Tokens and Smart Contracts By leveraging PascalCoin’s Layer-2 architecture, it is possible to achieve Assets, Sub-Tokens and Smart Contracts in the same way Rootstock achieves Ethereum over Bitcoin. Running Ethereum Virtual Machine over PascalCoin would be possible by maintaining a side-chain pinned to an account (as Rootstock does). Transactions to this account would embed Layer-2 protocol commands that govern the EVM side-chain.

Account Names and Types One of the key new features of PascalCoin is that accounts can have unique names which are publicly visible, much in the same way as the domain names system. This allows a user to receive funds to their email address or chat moniker. It allows a shop to receive payments to their domain name or brand name. Payments still refer to accounts via numbers, but the name is used to lookup the account number just as a domain name is used to lookup an IP address.

Whilst large payments should always wait for a reasonable number of confirmations, merchants will be able to accept 0-confirmation PascalCoin payments for small purchases thanks to the (planned)  Double-Spend-Detection-Service . This service queries nodes throughout the planet to see if a double-spend has been detected. If after 5 – 10 seconds, no such double-spend has been detected, merchants are almost assured that the 0-confirmation payment will clear. Good enough for Coffee.

Reliable & Instant Unconfirmed Transactions Since PascalCoin is state-based currency the security guarantees of 0-confirmation transactions are much stronger than in Bitcoin and other UTXO-based currencies.

Infinite Scaling Infinite Scaling is the ability for a cryptocurrency to run for an infinite period of time using the same amount of storage (at a constant throughput). All other cryptocurrencies will eventually fail over a long period of time since their history of transactions become so large that new nodes cannot synchronise and existing nodes run out of storage, among many other failures. PascalCoin is the first cryptocurrency to solve this major shortcoming.

PascalCoin’s powerful architecture lays the strong foundation for large-scale smart contracts in the form of Layer-2 protocols. PascalCoin achieves all this by introducing a new cryptographic data-structure known as the  SafeBox.  The SafeBox compliments the Blockchain in a way that allows the Blockchain to be deleted whilst retaining its full cryptographic security.

Based on a groundbreaking and unique new idea in crypto, PascalCoin pioneers a  new tier of scalability  suitable for planetary-scale adoption. It is the first and only cryptocurrency to have broken the 100 transactions per second barrier! By offering simple account numbers that can be associated to emails, company names and domain names, payments have never been easier.