Securus is a fast, easy and POS cryptocurrency which allows you to send coins to friends and businesses and buy products.
One of Securus goals is to make things as simple and accessible as possible for everyday people, creating a cryptocurrency which is inviting, fun and friendly.
There are multiple different types of wallets you can choose to use for Securus: paper wallets, CLI wallets, and GUI wallets.
We recommend making a paper wallet so that you can start receiving funds, and later import them into a GUI or CLI wallet.
The main purpose of a paper wallet is to quickly create a wallet to start receiving funds. You will not be able to spend or send your funds to other people until you set up a CLI or GUI Wallet.
Staking is the process of holding money (coins) to obtain rewards while contributing to the operations of a block chain
Contrast to Proof of Work (POW)
In contrast to Proof of Work (PoW) block chains, which rely on mining to verify and validate new blocks, PoS chains produce and validate new blocks by staking. This enables the production of blocks without the use of mining hardware (ASICs). So instead of competing for the next block with a lot of computing effort, the PoS validators are selected according to the number of coins they use.
Due to the decentralized structure of a crypto-currency network with master nodes, there is no fixed regulatory body that can make network policy decisions alone. As the operators of the master nodes are de facto providers of the network, they also have voting rights and thus constitute the decision-making body as a whole.
Applications or Topics to be discussed are called proposals. During the vote, each operator of a master node can either agree to the proposal, reject it or abstain. Likewise, each master node operator may submit proposals and put them to the vote. The developers of the network then comply with the result of the vote and implement the proposal or not. This process is called decentralised governance.
ProxyNode was created to serve as a decentralized platform that provides a more secure platform for virtual private servers. A new team has been formed and Proxynode is now a community project with use cases and future plans. We appreciate changing ownership may deter potential investors, however we feel the need to be honest and transparent as transparency has been lacking since this project started.