Karmacoin (KARMA)

Karmacoin (KARMA), formerly known as Karma, is a digital cryptocurrency that operates on the X11 algorithm. It embodies the philosophy of reaping the consequences of one’s actions, hence the name Karma. The developers behind Karma aim to establish it as the leading digital currency for rewarding good deeds and spreading positive karma by supporting charitable causes and assisting others.

Karma is a unique way to express appreciation towards family, friends, organizations, and causes. It acts as a token of gratitude, with the ultimate goal of becoming a global “currency with a heart.” Users can utilize Karma for tipping, donations, purchases, and micro-financing, enabling them to send small amounts of money to friends, family, colleagues, neighbors, charities, and other deserving causes.

Karma implements the X11 algorithm, a proof-of-work (PoW) protocol that was hard forked in 2014. This algorithm employs multiple rounds of 11 cryptographic hashes, making it highly secure and sophisticated. It offers fast and efficient hashing for GPUs and CPUs, keeping graphic cards cooler, reducing power consumption, and making it ideal for environments with high electricity costs. Additionally, using X11 discourages ASIC miners’ short-term or mid-term use, promoting a longer mining period for CPU and GPU users.