PrimeCoin (XPM) is a coin issued on its native blockchain to solve the problem of high-energy usage and slow transactions in the Bitcoin. Primecoin introduces an innovative form of a proof-of-work algorithm which is based on searching for prime chains (A sequence of arrangement of prime numbers). Three types of prime chains are qualified as a proof of work named as Cunningham chain of 1st kind, Cunningham chain of 2nd kind and bi-twin chains. The benefit of using this kind of proof of work isShow more [+] that the transactions happen 10 times faster than the Bitcoin blockchain.
Primecoin was developed as an experimental project by Sunny King, an anonymous person behind the development of Primecoin and Peercoin.
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