Itasecoin (ITASE)

Itasecoin is a cryptocurrency created for France’s high school and college students. It is a lite version of Litecoin, using the Scrypt hashing method as a proof-of-work algorithm.

Itasecoin is a crypto-currency aimed at “deflating” the dominant podium of current crypto-currencies. Unlike traditional currencies (also known as fiat currency), Itasecoin, like most crypto-currencies, is not issued and administered by a banking authority. It is issued using the Itasecoin protocol, which governs the blockchain.

Through Itasecoin, the goal is to create a viable alternative to other crypto-currencies, which is both environmentally friendly while retaining the spirit and taking over the source code of Bitcoin, without new specificities, and to be part of a process of dilution of crypto-currencies, a process of decomposition of the current monopolies, to hope for democratization of this type of currency in our daily lives.

My thought is this: the more viable, community-supported, and available to all, easily accessible crypto-currencies there are to choose from, the more crypto-currencies will be used in everyone’s daily lives. Despite the use of a proof-of-work-based crypto algorithm, if what I think is true, the energy consumption of miners would be diluted across all available networks, not just on a few blockchains aggregating more than half of the world’s computing power, and wasting energy finding more and more complicated blocks to mine.