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Penguin Coin (PENG) is an open-source public blockchain platform that supports instantaneous value transfer at zero risks. Built on the “Unspent Transaction Output” model common to most blockchains, PENG Coin is a Proof of Stake (PoS) based platform with a Decentralized Governance Protocol (DGP) that allows for the modification of specific blockchain settings through the use of smart contracts. It provides an enabling environment for smart contract coding, deployment, and execution, making it business-friendly and investor-friendly.
PENG Coin operates as a decentralized and open-source application platform, compatible with existing blockchain infrastructure and capable of adding new technology. It offers full transparency, eliminates the need for intermediaries, and provides opportunities for everyone in the network to contribute. Additionally, PENG Coin provides enterprise blockchain services, utilizing faster consensus protocols, parallelization, and optimized environments to ensure high performance, resilience, privacy, and security.
PENG Coin is developing one of the world’s largest Proof of Stake peer-to-peer networks, similar to Ethereum and Bitcoin, where transactions can be done directly between peers without needing a central server. It also features a Decentralized Governance Protocol (DGP) that rapidly modifies blockchain parameters without disrupting the ecosystem. The platform’s abstract account layer decouples applications from the underlying protocol, allowing virtual machines like EVM to run atop the UTXO model that powers PENG Coin. With a wide range of crypto wallets supported, PENG Coin holders can engage in various industries without restrictions. The platform’s global nodes are distributed across six continents to ensure a wider reach.
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