CUT coin uses the latest advances in cryptography to allow anonymous transactions. Wallet balances, transaction amount, sender and receiver are private by default on our blockchain. Our innovative Proof of Stake consensus is the first in history to keep the total amount of coins even in staking wallets completely concealed.
Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.