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Sunny King, a legendary blockchain developer, is the inventor of the Proof of Stake (PoS) consensus mechanism, and the founder of three blockchain projects: V Systems, Peercoin and Primecoin.
A peer-to-peer crypto-currency design derived from Satoshi Nakamoto’s Bitcoin. Proof-of-stake replaces proof-of-work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run.
Sunny King is a pseudonymous developer known for being the creator of Proof of Stake (PoS) consensus algorithm for cryptocurrencies. In 2012, King was the first to introduce a PoS-based cryptocurrency, Peercoin. King has subsequently created Primecoin in 2013.
19 Αυγ 2012 · A peer-to-peer crypto-currency design derived from Satoshi Nakamoto’s Bitcoin. Proof-of-stake replaces proof-of-work to provide most of the network security. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run.
Sunny King, the creator of v.systems, has a history of innovation in the blockchain space. He also established a Bitcoin research team to explore ways to enhance Bitcoin technology, bringing a wealth of experience and expertise to the development of v.systems.
3 Δεκ 2018 · So Sunny started his quest for affordable blockchains with a focus on consensus. He invented proof-of-stake (PoS) consensus with Peercoin in August 2012 to break the Bitcoin blockchain’s linkage...
Peercoin, also known as Peer-to-Peer Coin, PP Coin, or PPC, is a cryptocurrency utilizing both proof-of-stake and proof-of-work systems. [1][2] History. Peercoin is based on an August 2012 [3] paper that listed the authors as Scott Nadal and Sunny King. King, who also created Primecoin, is a pseudonym. [4] .
