Since its establishment, CageChain has spent numerous hours of research and exploration in the area of cryptocurrency mining. After considerable examination in conjunction with our recent collaboration with the GoldCoin/GLC team, CageChain is proud to present our first mining pool of GLC! Before we give more information on how to get involved, here are some details on the GLC project:
What is GoldCoin?
As one of the original altcoins following in the footsteps of Bitcoin, Goldcoin is a script-based fork of LTC that has been steadfastly focused on security and scaling. The GLC community is a decentralized community-based project that has thoughtfully and patiently grown over the years to remain regulatory compliant with distributed governance. GoldCoin has come a long way, but also has a long way to go, which is why this mining pool presents a unique opportunity.
The Reverse Bitcoin Hardfork (RBH):
RBH serves as a solution to problems inherent in the Proof of Work (POW) consensus model, while simultaneously combining the best features of Bitcoin, Bitcoin Cash, and Bitcoin SV thereby making Goldcoin fully scalable. The RBH will do things like enlarge the block size to 32 megabytes, increase the block interval to two minutes, and enable free transaction among others. These changes will once again allow GLC to move towards full scale-ability as well as advance a very ambitious road-map.
What’s to Come from GLC:
As mentioned, Goldcoin seeks to replace Proof of Work (PoW) and resolve the threat it poses to our environment through the utilization of Proof of Participation (PoP). PoP indiscriminately distributes a block reward evenly across the network through a lottery process, regardless of the amount of computing power a person has or the amount of coins they possess. Also, the GLC team is in advanced talks support a gold-backed token that will be tied to grams of real gold!
How to Join:
For more information, send an email to info@cagechain.io and someone will contact you as soon as possible.