Ouroboros is a next-generation cryptocurrency that achieves high transaction throughput and low fees while being easy to manage.
We’re focused on fast and secure transactions since that’s the most important thing for most users.
One of our features is the transaction throughput – the blockchain generates a new block every ~6 seconds, and it can handle up to 1k transactions per second (based on our stresstesting results).
But the most exciting feature is “Paramining” – a blockchain-based technology that generates new coins to your wallet depends on your current balance.
PRIZM introduced the Paramining technology, but unfortunately, the developers made some serious mistakes, and that led to the problems – we have considered all the mistakes of our predecessor and designed both technical and economics parts with keeping their mistakes in mind.
Perhaps the most outstanding factor Ouroboros has to offer is its very own creation, Paramining. Mining itself is often a very expensive, inefficient process that is difficult for users as it often requires special hardware and massive amounts of energy.
All ParaMining requires is a user having at least 0.1 OURO in their wallet, whereupon additional coins will be ParaMined into the wallet.
The speed of extraction of new coins with the help of Paramining is calculated from 3 main parameters: this is the number of coins in your personal wallet, the number of coins on the wallet of your followers at 100 levels in-depth and how many days pass since the latest transaction (“savings multiplier”).
Adding somebody to your followers is pretty simple – all you have to do is just send some OURO to a new wallet (that didn’t have any transactions yet).
After creating a new wallet, the system captures the first transaction from another wallet (sender) and sets up a permanently referral\follower chain (receiver => sender) that cannot be changed, which makes it easy to build global networks and increase the speed of new coinage.
The Paramaming system is the perfect tool for promotion and popularization, as it has no analogs in any modern cryptocurrency. The main advantage of Paramaming is that no network user can interfere with this mechanism and falsify new coins; anyone can monitor the number of coins issued by the system.
The savings multiplier is another interesting feature – every 30 days without outcoming transactions give you additional paramining multiplier. Incoming and reinvest transactions won’t reset your savings multiplier, but any outcoming transaction will do that.
What Makes Ouroboros Unique
- Safety – We are always focused on the security of every part of our ecosystem.
- Optimal Economic Model – Calculations of interest rates and odds support the coin rate stable high
- Fairness – We strictly follow the principles of justice and honesty – we believe that’s the most important thing in the world.
- Stable Growth – Every year the system will credit new coins to the genesis wallet based on the growth of the population in the world
- Democracy – The blockchain system is built on a voting concept to resolve controversial issues in the community
- Various Opportunities For Earnings – You can sell your wallet to another user thereby monetizing your structure
- Open source – before the end of this year, we’re going to publish all the services under the open-source license – we’re totally fine if anyone wants to use it for his purposes or somebody wants to launch a fork. Also, we’re going to publish a few examples of how to work with our blockchain per different language (PHP, Python, JS)
How to buy Ouroboros (OURO) in 2020?
If you want to buy cryptocurrencies like Bitcoin (BTC), Ouroboros (OURO) or any other altcoins, you have two options: if you don’t mind KYC (Know Your Customer) policy, you can create an account with CoinBase. Because of KYC policy, the site will ask for various papers like ID, proof of address and so on. If you want to go anonymous, you can create an account with Binance or KuCoin. On those last two sites you won’t need any proof of identity as long as you don’t exchange large amount of cryptocurrencies. Just click on one of the above link and follow some simple steps to open your own crypto account.