Pascal is a next-generation cryptocurrency that pioneers a new tier of scalability with groundbreaking new technology called Safebox
Safebox is an alternative to the traditional blockchain used in cryptocurrencies like Bitcoin.
Safebox complements the blockchain in a way that allows the blockchain history to be deleted whilst retaining its full cryptographic security. This is allowed because SafeBox only stores the last 100 blocks (but the entire information of the blockchain is still available and cannot be altered). SafeBox stores the balance of the ledger rather than the ledger itself (history of transactions). SafeBox boils down to being a list of accounts that store the details of every user. This permits easy participation, scalability, speed and security, and without the problem of double spending.
SafeBox also allows participants (nodes) to begin participating very quickly (in less than 5 minutes).
No, Pascal consists of an original codebase and architecture and it is 100% written from scratch by Albert Molina.
Safebox is an alternative to the traditional blockchain used in cryptocurrencies like Bitcoin.
Safebox complements the blockchain in a way that allows the blockchain history to be deleted whilst retaining its full cryptographic security. This is allowed because SafeBox only stores the last 100 blocks (but the entire information of the blockchain is still available and cannot be altered). SafeBox stores the balance of the ledger rather than the ledger itself (history of transactions). SafeBox boils down to being a list of accounts that store the details of every user. This permits easy participation, scalability, speed and security, and without the problem of double spending.
SafeBox also allows participants (nodes) to begin participating very quickly (in less than 5 minutes).
The SafeBox is the ultimate source of truth in PascalCoin and maintains a ledger balance of all users’ funds rather than the full ledger. Structurally, it is like a spreadsheet where each row denotes a bank account (PASA) and each column denotes a property of that account (i.e. Pascal balance, public key, etc.). The “address” of an account is simply its index within the SafeBox (with an appended checksum). Every time a new block is minted, the transactions or operations contained within that block are eventually applied to the SafeBox which results in a mutated state. The resultant hash of the mutated SafeBox must then be referenced by the subsequent block in order to qualify as the next block.
Unlike traditional UTXO-based cryptocurrencies, the blockchain in PascalCoin is only used to mutate the SafeBox. Whilst a Proof-of-Work blockchain is still required to facilitate Byzantine consensus (up to a checkpoint), it is not permanently required. As a result, the blockchain in PascalCoin is capable of being deleted without any security compromise.
Since only the ledger balance is required for consensus and not the full ledger, PascalCoin attains exponentially higher transaction throughput per unit of storage than UTXO-based cryptocurrencies.
Instead of complicated cryptocurrency addresses, Pascal works with ordinal numbered accounts e.g. “1000-84” (account is called PASA). If someone wants to send you PASC, you only need to give them your account number (PASA)
Unlike Bitcoin addresses, You cannot create aPASA on your pascal wallet, PASAare added only via mining. Each 5-minute block produces 5 accounts (PASAs). (PASAs) are also traded, given away for free in official telegram/discord channels, and soon will be obtainable via a Tweet.
If you cannot mine PASA, You can:
- Get a free PASA from FreePASA.org
- Buy One through the Blaise Wallet on Android & iOS
- Buy
PASAsfrom GetPASA.com - Obtain a one for free via a Tweet (coming soon).
- More ways (coming soon)!
- Solved the “blockchain trillema” in which scalability/decentralization/security typically vary depending on another’s degree. Not in PascalCoin!
- Solved the infinite storage problem of blockchain with the SafeBox.
- Solved the GPU/ASIC mining centralisation problem with the RandomHash algorithm.
- Instant, zero-fee transactions without the spam problem.
- Developing an ultra-scalable smart contract solution (V5).
- Account numbers are only few digits and could also be associated with any name.
- And much more!