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BitcoinOil Announces the Implementation of its Proof of Stake Algorithm

BitcoinOil GmbH plans to solve the existing environmental and processual problems of the cryptocurrency sector by implementing a Proof of Stake algorithm on a Bitcoin based Blockchain instead of the widely used Proof-of-Work structure.BitcoinOil (BTCO) is a new cryptocurrency, a hard fork of the original Bitcoin blockchain that is anticipated to be launched in 2019. The implementation of the BTCO hard fork, currently in BETA testing, is designed to create the most technologically advanced...

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