Insurance (SEC) is a sustainable cryptocurrency modeled after Satoshi Nakamoto’s vision for Bitcoin. It is a decentralized, peer-to-peer transactional currency designed to offer a solution to the problem posed by the exponential increase in energy consumed by Bitcoin and other proof-of-work currencies. Proof-of-work mining is environmentally unsustainable due to the electricity used by high-powered mining hardware. Insurance utilizes an energy efficient proof-of-stake algorithm, can be mined on any computer, and will never require specialized mining equipment.
- Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftTX.
- Decentralized blockchain voting providing for consensus based advancement of the current Masternode technology used to secure the network and provide the above features, each Masternode is secured with a collateral of 1,000 SEC.
| Block Time | 90 Seconds |
| Premine | 105,000 SEC |
| MAX Supply | 7,000,000 SEC |
| Block Height | Reward | Masternodes | PoS |
|---|---|---|---|
| 2-.... | 1 SEC | 90% (0.9 SEC) | 10% (0.1 SEC) |