Counos Coin is a crypto-coin that was developed based on the Litecoin source code and operates within a completely independent network. The coin uses a SCRYPT-based algorithm which is similar to that of Litecoin. The proof of the Counos Coin functionality is created via “Proof-of-work” technology in the form of a peer-to-peer network, which is comparable to Bitcoin and Litecoin. Counos Coin has a mining capacity of 21 million coins, which represents the cap. At the time of introducing this coin to the market, a total number of 16.8 million units have been mined. A residual amount up to the cap is available to be mined independently. The purpose of Counos Coin is to provide the highest standards from a reliability perspective for financial transactions and payments worldwide. The unit can be used to purchase gold from sellers online. In addition, the users are able to purchase and receive Counos Coin from the community, agencies which offer Counos Coin, or exchange services. Counos Coin is a decentralized cryptocurrency and its legal ownership remains with the users until the time of forming the transaction. Furthermore, this cryptocurrency is accepted in the Counos Payment Gateway currently, 1.5 units of Counos Coins will be rewarded for every mining block in Counos Coin network. The average speed of computation and mining of a new block in Counos Coin is equal to 10 minutes.
Counos Coin Block Explorer