Brisbane, Australia, Nov. 06, 2020 (GLOBE NEWSWIRE) — Scalable, Flexible and Applicable to Multiple Use-Cases Metrix Coin and its ticker MRX is not just another PoS cryptocurrency, but rather a blockchain technology that offers benefits to consumers and businesses, scalable to encompass growth and flexibility to implement in multiple use-cases.
About PoS cryptocurrencies
A little background about PoS crypto algorithms first. In this kind of algorithm, anyone with a certain amount of coins participates in the transaction validation and block creation process that renders a stake reward (a process known as staking). It is simple, one must create a wallet, hold coins until maturity is reached, and have it connected online participating in the network to start receiving stake rewards. In order to prevent centralization and monopolization of the network by someone with the highest value of coins at stake, a number of techniques (i.e. randomization, age of holdings, staking limits, etc.) are used in the consensus algorithm to determine which user will create the next block.
About Metrix Coin
There is no dearth of PoS cryptocurrencies in the crypto economy. However, few of them have enough flexibility built into them that they can be used for a wide range of use-cases. Most of them are built for specific use cases only (i.e. gaming, e-commerce, P2P payments, etc.). But for mainstream adoption of PoS cryptocurrencies, it is necessary that PoS cryptocurrencies become multipurpose. Metrix Coin has fast transaction speeds of 10,000 transactions per second, ~90 second block times, is cost affordable, and harbors Bitcoin’s Unspent Transaction Output (UTXO) and Ethereum Virtual Machine (EVM) environments which make it perfect for e-commerce transactions and smart-contract development. The Metrix Coin blockchain is a hardfork from Quantum. However, Metrix Coin offers products and services that make it a robust blockchain and project overall that is for everyone and everything.
Consumer Benefits
Metrix Coin has incorporated a deflationary model that may attribute the value of the coin to appreciate over time. Consumers that stake their Metrix Coins will receive per annum in succession 10% for 2 years, 5% for 4 years, 2% for 6 years and 1% until max supply is reached. People may hold their Metrix Coin using any of the following products made in-house: Altitude, a desktop wallet available in multiple operating systems (OS); MyStakingWallet, an online wallet staking 24/7 that is also available as a mobile app for either android or iPhone; or MyNodePool, a stake pool service.
Business Partner Benefits
Metrix Coin aims to enhance business models customized to the needs of the business practice while also focusing on improving business-to-consumer (B2C) relationships. Partners that integrate Metrix Coin blockchain technology may expect to grow their brands to a worldwide audience while participating in Metrix Coin’s Partner Network at zero costs.
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Read more:Metrix Coin: An Efficient Decentralized Proof-of-Stake (PoS) Cryptocurrency That
