Zeitcoin

Zeitcoin is a decentralized cryptocurrency and open source platform created to help advocate for sustainable use of resources. The founding team insisted that to achieve a sustainable future, they had to bridge the real world by bringing the community to the digital realms. The focus of the extended mandate saw the team add helping the needy, running environmental protection, and innovation added to the core objective. They wanted to change negative outlook that dogged the cryptocurrencies especially in the first few years of the application after release by Satoshi Nakamoto. The Zeitcoin was forked from the PeerCoin and launched on 20^th March 2014. The community believed that the blockchain technology is an idea whose time has come, and if applied well can be a pillar for a sustainable future. The Zeitcoin was launched as a hybrid of proof of work (PoW) and proof of stake model (PoS). However, the development team later shifted to purely proof of stake consensus protocol. Here is a closer look at the coin’s value performance in the market.