Golos (cryptocurrency)

Golos, also known as Golos Gold, is a Russian social media and blogging platform that is a licensed hard-fork of the Steemit project, and is built on the Graphene blockchain. Golos is dedicated to the Russian community and is only available in the Russian Language. The Golos platform uses three different cryptocurrency tokens to reward and promote user engagement, they are: GOLOS (primary trading token), Golos Power (voting rights token), and Gold backed by Golos (token rewarded to content creators with a— fixedGlolos valuemeans of'voice' 1in milligramthe ofRussian gold)language.

The Golos platform uses three different cryptocurrency tokens to reward and promote user engagement, they are: GOLOS (primary trading token), Golos Power (voting rights token), and Gold backed by Golos (token rewarded to content creators with a fixed value of 1 milligram of gold).

Golos is developed by a company that invests in blockchain startups called Cyber Fund, and officially launched on October 15th. A crowd sale for Golos was held 15 days after the launch of the cryptocurrency and raised approximately $453,000.

Every transaction occurring on the Golos platform requires network validation from several nodes. Golos uses a combination of Proof-of-Work (PoW) and Proof-of-Stake (PoS) for its consensus mechanism. The Golos consensus mechanism selects 21 delegates through voting by the platform token holders to validate a block; this process repeats 21 times for all 21 blocks required to validate a transaction. Every block has a production time of 3 seconds.

Golos is a Russian social media and blogging platform that is a licensed hard-fork of the Steemit project, and is built on the Graphene blockchain. Golos is dedicated to the Russian community and is only available in the Russian Language. The Golos platform uses three different cryptocurrency tokenscryptocurrency tokens to reward and promote user engagement, they are: GOLOS (primary trading token), Golos Power (voting rights token), and Gold backed by Golos (token rewarded to content creators with a fixed value of 1 milligram of gold).

Golos is a Russian social media and blogging platform that is a licensed hard-fork of the Steemit project, and is built on the Graphene blockchain. Golos is dedicated to the Russian community and is only available in the Russian Language. The Golos platform uses three different cryptocurrency tokens to reward and promote user engagement, they are: GOLOS (primary trading token), Golos Power (voting rights token), and Gold backed by Golos (token rewarded to content creators with a fixed value of 1 milligram of gold).