Florin

Florin is simple. An easy-to-use cryptocurrency that uses proven technology and is extremely scarce. Because people care about value which traditional money loses through inflation.

PROOF OF WORK + HOLDING

A holder is a Florin user that locks his/her Florin in the desktop application for a certain period of time. Holding secures the blockchain and in return the holder is rewarded Florin. Blocks that are mined by a miner can only be part of the blockchain after a holder has verified them. Holders are anonymous and are chosen randomly. Therefore, for verification purposes, the miner must broadcast its block to the entire network. The holder also transmits the verified block to the entire network. This means that a miner cannot extend the blockchain without sharing the block with the entire network. This solves several problems of a standard Proof of Work blockchain.

If you would like to know where to buy Florin, the top cryptocurrency exchange for trading in Florin stock is currently STEX.

Mining for everyone Miners can use the Florin application to use the computing power of their computer to confirm transactions. Every 4 minutes a transaction can be confirmed. The miner that successfully confirms a transaction receives 0.025 Florin.