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Decentralized, peer-to-peer (P2P) transactional system which achieves consensus via distributed computing
Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto’s Bitcoin, Primecoin introduces an unique form of proof-of-work based on prime numbers, and is the first cryptocurrency in the world designed with scientific computing as its work.
The innovative prime proof-of-work in Primecoin not only provides security and minting to the network, but also generates a special form of prime number chains of interest to mathematical research. Thus Primecoin network is energy-multiuse, compared to bitcoin network. Primecoin is designed to sustain a prosperous mining market and high level of security, while maintaining good scarcity property like gold. Primecoin also processes payment transactions 10x faster than bitcoin network.
Disk Requirements - Primecoin blockchain (public transactional database) size
- As of 29 March 2015, the total size of the XPM blockchain was 970.86 MB