
The Most Anticipated Metaverse Summit, is Coming in Hot this Summer in Paris
Paris, France, 7th July, 2022, Chainwire With the world slowly adapting to new advancements in technology and the web as
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“Itasecoin is a cryptocurrency originally created for high school and college students in France. It is a very 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 on 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, in order to hope for a 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.”
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