The Breakout Coin payment system is unique in that it supports several currencies, each with different properties. This type of currency system is brand new and is termed a “Multicurrency”. The properties of each currency of the Breakout Coin Multicurrency payment system influence the ways in which the currencies are used. Breakout Chain is a decentralized blockchain ledger that carries several currencies, which we term a multicurrency blockchain. Each of these currencies is a first class currency in that each is transferrable using the Bitcoin-like input/output mechanism. The principal currency is Breakout Coin, but the blockchain is secured by Proof-of-Work (PoW) by mining Sister Coin and Proof-of-Stake (PoS) by staking Breakout Stake. It is the first blockchain system where interest earning capacity has been separated from the principal. It is also the first blockchain system where PoS and PoW produce different coins. Breakout Chain has a number of other features such as delegated fees, fee scavenging, nonmalleable transactions, and atomic currencies. Each described herein. In addition to these existing features, Breakout Chain plans a Turing complete smart contract system that is amenable to pegged sidechains, making Breakout Chain fully scalable. Breakout Chain smart contracts will have the property of directed acyclic graphs by use of transaction control points that regulate logical recursion. The combination of existing and planned features will allow for a breadth of applications, some of which are outlined herein.

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Coin’s Details

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  • Volume 24H

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  • Blockchain

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  • Proof type

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  • Team Location

  • First announced