LeoCoin is a decentralised platform which allows users to send and receive LeoCoins in a fast and secure way through a peer-to-peer network. The LeoCoin transactions are considered extremely anonymous and the system behind it makes it a 100 percent secure currency. The founders of LeoCoin envisaged it to be widely accepted cryptocurrency globally and its platform is designed to address some of the key needs of entrepreneurs and small business owners.
LeoCoin is an exchange platform and a digital cash. It is based on an open-source protocol and is fully decentralised and the key feature of the platform is privacy, which is defined as the heart of the currency. LeoCoin helps the transactions to create a high level of anonymity and security through encryption which is termed as 'ring of trust' technology. The privacy feature also allows the LeoCoin wallet users to communicate privately with other LeoCoin wallet users and also send LeoCoin (LEO) privately. All the transactions are recorded in the blockchain but the coins are not assigned to the user until he/she converts it into a fiat currency.
The Vision of LeoCoin
LeoCoin is a big idea. It is designed to be a world currency and the currency of choice for entrepreneurs. We combine development skills, International infra-structure, real world entrepreneurial know how, a Global network and user base, and a Global Vision in our DNA, creating a platform for growth second to none.
LeoCoin is a modified version of Litecoin and used scrypt-jane as PoW and PoS algorithm. In July 2016, it shifted to proof-of-stake (PoS) procedures to prove ownership of a certain stack of LeoCoins by users. The LeoCoin has been developed in a user-friendly way while making it secure and also without consuming a large amount of energy.
Privacy: It is the main feature of the LeoCoin. Through advanced use of cryptography and encryption, LeoCoin manages to be the truly private currency and also secure.
Secure: With state-of-the-art security and PoS validation method makes LeoCoin among the most secure currency out there.
User-Friendly: LeoCoin facilitates a fast and simple way to transfer money globally eliminating the transaction fees, middlemen and banks from the system.
Leocoin was created in June 2014, and is the first digital currency to be launched in UK LeoCoin is developed by LeoCoin foundation, a non-profit organization that supports is development and financing by creating new possibilities to win users for the cryptocurrency. Dan Anderson is the Chairman of the Foundation and also the co-founder of Learning Enterprises Organisation Limited (LEO)
LeoCoin is the digital currency and an exchange platform which facilitates the transaction in the fast and secure way. The cryptocurrency is developed addressing the needs of entrepreneurs and small businesses.