POS Consensus Algorithm
The main technological feature is the use of the scrypt function as a hashing algorithm and a POS generation system.
Proof-of-stake (PoS) – a method of protection in crypto currencies, based on the need to prove the storage of a certain amount of funds on the account. When using this method, the algorithm of crypto currency is more likely to choose an account with a large amount of funds in the account to confirm the next block in the chain.
In other words, the blocks are signed by the nodes of the stakes (the owners of the shares). The probability of signing the block increases depending on the size of the stake. Therefore, the crypto currency is resistant to most attacks to which POW systems are vulnerable. In addition, coin self-organization will be carried out through mining, where a direct stimulus to the support of the network will be the issue of new coins.
Another not unimportant advantage is that the OCC mining technology does not require the cost of power supply for storage and processing of colossal databases serviced by huge mining farms.
OCC Mining is more energy efficient!