Page 15 - ARUBA TODAY
P. 15
LOCAL A15
Friday 2 February 2018
ArubaCoin: A Social Experiment, Just Like Bitcoin
Continued from Page 14 of bitcoin and other coins like zcoin it would be unprofitable. The POW “Most adoption it’s fueled by ne-
and ethereum, so yes we have col- (proof of work) algorithm which bit- cessity, if it solves a problem there
Where can people find informa- laborations with broad spectrum of coin is working on miners are using will be users and growth.
tion? prominent developers and com- green cheap energy where there is And we see many opportunities
munity members in the space.” excess electricity, like Iceland and and use-cases that can be used
“You can find more information China. ArubaCoin is built on ethe- with it, that otherwise could not be
at www.arubacoin.org and follow What can you say about the com- reum and does not use the sha-256 accomplished. We are focused
our Facebook community page or ments that digital currency comes algorithm that bitcoin uses. on the local community and eco-
telegram group.” with high energy costs? And soon the protocol should be system, tourist are not the priority.
switching to PoS which is more en- Of course you have Aruban com-
Do you have cooperation with oth- “High energy cost will depend on ergy efficient.” munity members that live abroad,
er digital currency? which algorithm/mining hardware those are already participating
your talking about (asic). The high Why would people choose for digi- in ArubaCoin, they also have a
“The community members and de- energy cost is based on the coun- tal currency? How would tourists unique use-case because they
velopers are community members tries where nobody mines because benefit from this? could send $10 from Europe in-
stantly and the received can pay
their bill instantly, within minutes.
ArubaCoin is very new, we do not
recommend anybody to take this
as an investment advice.
Bitcoin, ArubaCoin or any crypto-
currency can be HIGHLY volatile,
we do not recommend anybody
buying cryptocurrency without
doing due diligence how to use
it. If you lose your private key or
password or don’t properly back
it up, nobody can retrieve those
coins.”q
