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WHAT IS NUMIV COIN AND WHAT IS SPECIFICATION?

WHAT IS NUMIV COIN AND WHAT IS SPECIFICATION?

Posted in: NUMIV LATEST
Thu, Nov 2, 17, 09:13, 6 Months ago
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NUMIV is a decentralized cryptocurrency with special features of trade, mining and staking

Vision Statement
The primary objective of the ecosystem is to facilitate the Business Purpose by setting up a Secure Blockchain investment environment. NUMIV is a decentralized cryptocurrency with special features of trade, mining and staking.

Why NUMIV is different?

1: very easy to mining from pc while using Scrypt Algorithm

2: Lending Program

3: Staking 5% year

4: Trade NUM and Earn daily.

1: mining with your pc while using the scrypt algorithm. Here are some of the benefits of minning with the Numivcoin with the proof of stake,

 Numivcoin makes mining very easy and simple by holding the Numivcoin you can mine more coin by staking your coin in your wallet. This process of staking consumes less power resource and doesn’t requires heavy mining equipment to mine anybody with a core wallet and some Numivcoin has the power to secure the Numivcoin network and earn some coin in return. As opposed to mining other blockchain cryptocurrency No need to consume large quantities of electricity in order to secure a blockchain (eg. it's estimated that both Bitcoin and Ethereum burn over $1 million worth of electricity and hardware costs per day as part of their consensus mechanism).

 Because of the lack of high electricity consumption, there is not as much need to issue as many new coins in order to motivate participants to keep participating in the network. It may theoretically even be possible to have negative net issuance, where a portion of transaction fees is "burned" and so the supply goes down over time

 With the Numivcoin Proof of stake opens the door to a wider array of techniques that use game-theoretic mechanism design in order to better discourage centralized cartels from forming and, if they do form, from acting in ways that are harmful to the network (eg. like selfish mining in proof of work).

 With the Numivcoin proof of stake algorithm, they will be Reduced centralization risks, as economies of scale are much less of an issue. $10 million of coins will get you exactly 10 times higher returns than $1 million of coins, without any additional disproportionate gains because at the higher level you can afford better mass-production equipment.

Lending program
With the Numivcoin lending program we provide a peer2peer platform which solves a critical problem in the crypto-space by allowing the Numivcoin community to acquire crypto-loans and help each other. The system works in such a way that If the borrower does not repay the loan, the pledged coins are transferred to the lender, who can sell the coins on exchange to regain any losses. Why the Numivcoin decided on joining the existing P2P lending platforms, is because there is a huge demand for loans. Banks are withdrawing credit and charging higher interest rates, a trend that has become even more pronounced since the crisis in 2008. This turn has led to the growth of peer-to-peer lending. Peer-to-peer lending has been enjoying rapid growth due to its convenience, lower rates for borrowers and higher returns for investors. As has been previously mentioned, P2P also has lower opex. You can invest in Numivcoin in Numivcoin lending platform exclusively from the Numiv coin Dashboard. This investment option involves profiting from Numivcoin trading bot and our special volatility software. You will receive daily profit based on your investment option. Upon investment term completion, you will receive your capital back to take out from the Numivcoin lending platform or optionally reinvest back in lending platform to continue receiving daily profit.

(POW/POS).
The Numivcoin is a cryptocurrency that is built upon blockchain, which is underpinned by the consensus mechanism called the Proof-of-work (POW)/ proof of stake (POS). The POW is similar to Proof-of-Stake (POS) with the main difference being that it integrates behavior trusted to be positive for the entire economy, while POS derives importance from the user‘s account balance. Numivcoin major algorithm is that of Proof-of-Stake (POS), because it does not require large scale computing resources for maintaining the Blockchain. The Numivcoin network emphasizes security and trust-less computing. The AbjCoin blockchain is run by a network of nodes operating together in a p2p configuration. The nodes record and verify transactions that are transmitted on the network. At block time (periodic intervals), these transactions are grouped together and then go through a hashing process that connects them to previous blocks. The network’s participants are anonymous and there is no restriction on their caliber.

SPECIFICATIONS
Coin Algorithm scrypt :(POW/POS)
Coin Name: NUMIV
Coin Abbreviation: NUM
Coin Base Maturity:50blocks
Total coin supply:28million
Minimum stake age:8 hours
Maximum stake age:365 days

FEATURES

Anonymity The feature makes the Blockchain truly decentralized, with no checks, with this feature huge amounts of funds are transferred on the network without been traced or even knowing the parties involved.
Lower fees and smart contracts This awesome feature makes the transaction on the Blockchain less expensive and no need for a third party to confirm the transaction.
Transparency The technology Blockchain technology is behind the innovation of cryptocurrencies like Bitcoin makes it possible that all parties involved in a transaction can both monitor and have a copy of the transaction, hence making it decentralized. This feature of Blockchain further fosters trust and honesty between the sender and the receiver of any business transactions carried out. The Numivcoin Blockchain technology will help industries to be more efficient, reliable and trusted. Lots of business are currently been structured around the blockchain technology. Indeed Blockchain Is the future of innovation.
These are the features which Numivcoin integrates to birth an innovative and advance cryptocurrency.

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