StrongHands is a cryptocurrency with proof-of-stake consensus as a security model, and a combined proof-of-stake/proof-of-work minting system. StrongHands is based on Bitcoin, and possesses a new security model, energy efficiency, better minting model and more adaptive response to rapid change in network computation power.
As it was announced on the official website of StrongHands, its hard fork will occur on Saturday, February 17, 2018 either at 12:00:00 AM GMT, or at block 589500. All the users are recommended to download the new StrongHands wallet before the hard fork.
The above mentioned hard fork addresses the issue of hyper inflation, as the extended time of 1200% can make even the smallest amount insanely large. The fork will reduce inflation, but will keep coin supply the same. PoS rewards will be reduced from 1200% to 250,000 coins/block, and PoW rewards will also be increased to match PoS, so as initially to 500,000 coins/block, then to 250,000 coins/block. This should help to increase network security by attracting miners.
At the moment of press, these are main parameters of StrongHands:
- Average Price $0,000001
- 24h Volume $83 026