Nimiq NIM to Primas PST Exchange

Crypto Pair Details: NIM to PST

Nimiq NIM

Nimiq is a browser based blockchain. It was written in Javascript ES6 and because of this, the complete blockchain runs in the browser. The main goal of Nimiq is to solve the payment solution, and to provide a browser based payment solution of sending money. They also have nearly instant transactions as well. Nimiq is a CPU only mineable coin, since it uses the Aragon2D algorithm. Nimiq intends to lower barriers of entry for blockchain technology, and make it accessible for mainstream use. With an operational betanet already live, users can experience how simple it is to mine inside a browser - installation free. Nimiq is making blockchain technology as accessible as the internet, with a vision to truly decentralize the web. Current available cryptocurrencies are complicated and counterintuitive for the average person to use. True internet decentralization is impossible if access to blockchain technology is limited to only the technically oriented people. Until blockchain can be picked up with general recognition and general usage, its true power remains unrealized. Nimiq originally began as an ERC20 (Ethereum) token, known as NET or Nimiq Exchange Token. Nimiq held its ICO throughout June and July of 2017, and raised over 10 million USD. NET trading was enabled shortly after the ICO, and development began on the project’s Github. NET was converted to NIM, the currency that is based on the Nimiq blockchain and network, on March 31st of 2018. Nimiq’s wallet (Nimiq Safe) is built right into the Nimiq website, which means there is no need to download or sync a wallet application. The wallet will lead you through a setup guide, which will help backup and secure your wallet in the case of data loss. As the Nimiq wallet is based in the browser, however, erasing your cache could delete your balance – so keeping a backup is highly recommended.

Primas PST

Primas is a platform for high-quality content centred in Distributed Trusted Content Protocol or DTCP. It utilized blockchain technology in ascertaining content credibility and also utilized economic incentives to speed up the creation and circulation of the content of high quality. It also gives the readers the capacity to view the customized content of high-quality via social recommendations. Traditional internet application can also make use of APIs in accessing Primas, thereby gaining instant access to the power offered by Primas. The token spreading on Primas platform is known as PST. It is utilized for rewarding the creators of valuable content on the Primas DApp as well as the miners who aid in the upkeep of the Hawkeye crawlers and Primas Node. The utilization of POS secondary networking ensures high scalability, hastened accessing speeds and the capacity to support massive scale applications simultaneously. Users are not required to hold on for block confirmations to attain a user experience which is consistent. This also greatly minimizes the cost of the transaction of utilizing blockchain and sorts issues of bottlenecking. A totally decentralized structure which employs an economic incentivization system and technique for node discovery lets anyone partake or quit by utilizing the Primas node at any moment without having an impact on end users. Presently, the secondary network linked to Ethereum is compatible with the use of a massive amount of users. In the event of serious overcrowding on the Ethereum network, users will still have the capacity to utilize Primas without stalling. They also are not required to make payment for gas fees.

SOURCE: COINGECKO

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