Proof of Stake
Just Hold PENG coin in your wallet, you will get rewarded depending on network difficulty
Build a masternode to be a part of our network family and be rewarded with a 70-80% block payout reward
You can trade PENG on Cryptopia, more exchanges coming soon.
Helping the future with blockchain. PenguinCoin is inspired by a creature that routinely endures and overcomes tough conditions just to survive. Man-made and natural disasters are sadly very much features of the world we live in and so we must strive to provide much needed assistance to the less fortunate, irrespective of their location or background.
HERE TO HELP
Since we generate donations in the form of PenguinCoin, which is a cryptocurrency, we have opened up a new route by which essential funds can be sent into crisis areas.
This pioneering approach is efficient, rapid, reliable and scalable and empowers altruistic people with more options to contribute to their favorite organizations. Charitable donations in the US alone for 2015 totaled approximately $400bn. However, more than 25% of this donated money went into “running costs and raising funds”, leaving less money available for the actual causes. That year, donations were essentially “eroded” by approximately $100bn. PenguinCoin not only provides an accessible platform for generating donations to charities that in turn help causes but also a technology that helps the charities themselves. The blockchain based tools that are being developed by our team will provide an erosion resistance effect to funds passing through these charities. Ultimately, the speed and ultra-low-cost intrinsic to our “green” cryptocurrency solution make us very confident that all funds generated by PenguinCoin will be used as efficiently as possible.
PENG: THE DRIVING FORCE
Penguin Coin strives to provide the world with an easy to use, functional and meaningful cryptocurrency. A cryptocurrency of both utility and charity. A coin which can reach across borders and barriers to quickly and securely provide support where it is needed most .
The central idea behind Penguin Coin is to provide essential aid and help to people and animals in need, regardless of background or location. Man-made and natural disasters are sadly still very much features of the world we live in and routinely imperil the lives of humans and animals alike.
As a result, the Penguin Coin network will generate and distribute funds to international organizations known for their efficiency and honesty as well as smaller scale local efforts like that have been verified by Penguin Coin environmental ambassadors and the Penguin Coin community.
Since full transparency is also one of the key pillars of the project, all generated funds will be in a publicly visible wallet on the blockchain, and all donations can be tracked and will be communicated through various media.
It utilizes a network of masternodes for an openly visible decentralized governance and increased transaction privacy.
The main goal is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all the users involved. While we are well on our way to achieving this, some of the features are under development and should appear in the near future.
Zerocoin is a very well respected 3rd party project that seeks to fix a major weakness of Bitcoin, namely the inability to unlink transactions from the public ledger (i.e. privacy). In order to imbue PENG with 100% untraceable, anonymous and secure sending/receiving, we have leveraged the powerful technology suite of Zerocoin and so refer to this new variant as zPENG. zPENG will be enabled at block 10,000,001.
zPENG is 100% private and fungible. It is anonymous and untraceable. Every coin sent has no transaction history. Large wallets, attractive to scammers, are totally opaque. zPENG is stored by the zerocoin protocol into a shared, decentralized pool and the blockchain perfectly tracks the amount in circulation. Whenever a user wishes to send zPENG to another wallet address, the sender’s wallet issues a zero-knowledge proof to the blockchain which coverts some of the zPENG in the pool back to PENG and sends to the recipient in a single step process. As long as a spender can provide zero-knowledge proof of zPENG ownership within the shared pool, new zPENG will be created. This essentially unlinks the coins transaction history from any previous addresses, which in turn makes the transaction untraceable.
WE ARE THE FUTURE OF CRYPTOCURRENCY
PenguinCoin is driven by a powerful suite of technologies. The underlying principles supporting PenguinCoin are those of accessibility, altruism, and sustainability.
Accessibility is achieved by launching PenguinCoin on a broad array of platforms from iOS, Android, Windows, Linux, Mac and Web.
Proof Of Stake (POS)
With sustainability, we actually cover two meanings of the word. First, the scrypt algorithm developed for PenguinCoin was deliberately written to permit seamless integration of modifications and functional enhancements. This important design choice will ensure that the code can readily adapt to future technology developments. Second, the coin is based on PoS (Proof of Stake), which is a green algorithm (i.e. computationally not intensive).
Mode: Proof Of Stake PoS / Masternode
Stake Age: 1 Hours
PENG FINAL FIGURES
Maximum supply: 17,147,480,000 after 52,560,000 blocks
Distributed over the next 100 years
MN Collateral: 5.000.000 Coins
Block Time: 60 Seconds
Stake time: 60 Seconds
PenguinCoin is firmly committed to enabling positive change for humanity via the application of blockchain technology in philanthropic endeavours.
We will help them together.
Litecoin = LVsQQ54wQKiCGWRH2jopwfUay1675M5u8S
Ethereum = 0x4b38ec004b36ce2cec661e8785e8e47f2ebcc020
Bitcoin = 1E5D8nqNidjNwcm7ea9PDQWguENRFS2DVU