We are living in the Blockchain era, and now as the world’s interest and investment in cryptocurrencies, especially Bitcoin are on the brink of revolutionizing our economy, another wave of innovation is taking place. It has been called “Next Generation Blockchain”, and it is called – Jinn
What is JINN?
JINN is a new generation cryptocurrency, which was created to solve the most pressing problems and challenges of the blockchain industry. This innovative project was developed by a team of professional IT experts using the latest technologies, who decided to change the way people interact with each other, as well as to improve their safety and security.
JINN has a number of advantages over other cryptocurrencies:
⦁The latest technology of mining on smartphones based on cloud mining;
⦁A new algorithm called Proof-of-Importance;
⦁The size of JINN’s block is 4 times smaller than that of Bitcoin;
⦁Solutions for anonymous transactions.
What makes Jinn better than other cryptocurrencies?
Jinn is a cryptocurrency that provides the user with confidentiality, anonymity and data-protection. Jinn has a unique system of trustless mixing of transactions that protects the users’ privacy and data without the need for any external trusted parties.
So what makes Jinn better than other cryptocurrencies?
Jinn is a privacy-focused cryptocurrency that uses a unique system of trustless mixing of transactions to protect users’ privacy and data. The system is based on the Zerocash protocol with improved performance, increased anonymity and faster transactions.
It is possible to send Jinn anonymously via the Lightning Network, which allows instant and private transactions. The Lightning Network is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants. Transactions are not recorded on the main chain, but are conducted privately between two parties in seconds and at almost no cost.
This technology offers efficient high-speed low-cost anonymous transactions as well as fully confidential assets (coins) with no inherent transaction record while maintaining Bitcoin’s security model to ensure safety against double spends, fraud and other attacks.
What is the Just-in-time consensus?
The consensus mechanism is the key technology for reaching a common goal in the blockchain. By consensus, we mean a mechanism that allows several parties to agree on a specific result within a given period of time. The reliability of this mechanism will determine the reliability and security of the entire blockchain.
At present, there are several types of consensus mechanisms: proof-of-work (PoW), proof-of-stake (PoS), proof-of-elapsed time (PoET), etc. Most of them were created before blockchain era. Hence, they do not fully meet the requirements of blockchain technology.
Why is the Just-in-time consensus critical to the blockchain technology?
The development of any industry depends on its infrastructure. The same applies to Blockchain technology. The fact is that the majority of available consensus mechanisms do not ensure a high speed and efficiency required by today’s applications. That is why they cannot be used in Blockchain applications which require high performance and scalability.
Just think about it: In order to satisfy users’ needs, Google has to process more than 40 000 search queries per second. Meanwhile, Bitcoin handles 7 transactions per second, Ethereum – 15 transactions per second and Ripple – 1500
What is a quantum-resistant cryptocurrency?
A quantum-resistant cryptocurrency is a cryptocurrency that can resist hacking attempts with the help of quantum computers. Quantum computers are able to perform tasks much more quickly than classical computers, but they’re still in development and not expected to be available for use by the general public for at least several years.
When quantum computers become more widely available, they could pose a threat to many current cryptocurrencies. The blockchain that underlies these currencies will no longer be secure and could be hacked using algorithms developed for quantum computing.
How to mine JINN?
Mining is the process of verifying transactions on the blockchain, which involves solving cryptographic equations with your computer’s processor or graphics card. For each equation you solve correctly, you are rewarded a portion of a Jinn coin (the reward decreases over time).
While you can solo mine Jinn coins on your own computer, it’s not recommended unless you have an extremely high-end CPU or GPU. The reason for this is that there are thousands of people trying to solo mine at once using their home computers, making it nearly impossible to actually generate any Jinn coins by yourself.
In order to increase your chances of generating coins, you need to
Wrapping it all up!
The decentralized nature of blockchain technology is making it possible to transfer value (in the form of cryptocurrency) anywhere in the world. This eliminates the need for third party involvement, as all transactions on the blockchain are performed and approved by a network of computers.
Jinn was created to make it easier for people to transfer money and value to one another in a secure, inexpensive, and anonymous manner. Unlike many other cryptocurrencies, Jinn offers the ability to scale, thus eliminating the possibility of delays or higher transaction fees.
Jinn is unique in several ways. The Jinn cryptocurrency is based on a brand-new blockchain protocol that’s been developed from scratch using Golang. It was intentionally designed to be highly scalable and resistant to quantum computing. Additionally, Jinn can be mined using both GPUs (graphics cards) and CPUs (processors), which makes mining more accessible and affordable for everyone.
JINN can be purchased from any Bittrex Exchange under JINN/BTC Pair
There are different types of cryptocurrencies and many users, investors and companies have risk in investing in all of them. However, the correct investment method, price movement and potential to get more return should be considered by everyone. The best cryptocurrency is seeking to find ways to replace centralized payment gateway efficiently through peer-to-peer transactions based on blockchain technology without any fee or charges for each transaction. And JINN coin can eliminate the need for several third-party services and provide efficiency in terms of time and cost.
