Pascal Coin is a decentralized cryptocurrency that enables instant transactions and uses bank accounts instead of cryptographic addresses. Use of bank accounts makes it easy for new entrants who are still foreign to digital currencies and blockchain technology to start using cryptocurrency. This platform is more or less similar to a bank but on the blockchain. It is infinitely scalable allowing 72,000 transaction per second, and uses layer-2 protocol for security. It is also the firstShow more [+] multi-purposed coin that aims to quickly achieve mass adoption.
PASC was not premined and never had an ICO (Initial Coin Offering) but can be mined using PoW (Proof-of-Work). The account numbers used with this platform contain very few digits that are easy to manage and powered by safebox technology. It uses zk-SNARKS while still maintaining its infinite scalability and smart contracts capability. It can be mined with low power GPU thanks to its Random Hash algorithm that is also resistant to ASIC miners. PASC transactions are free and instant. There is a total supply of 42 million PASC, with five minutes blocktime and 50 PASC block reward. PASC has its own official wallet and is listed on Poloniex exchange for trading. Users transfer these coins using keys to the coin's wallet and deletes all previous transactions. One is required to buy an account to access the wallet instead of just creating one. Five wallets are created for every block that is mined.
PASC was developed by a blockchain expert called Albert Molina using Pascal programming language in May 2016. It now comprises of a small community of blockchain and cryptocurrency enthusiasts who help manage the coin's ecosystem.
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