Cobo – Gain Reward Proof Of Stake with Cobo Wallet

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Cobo – Gain Reward Proof Of Stake with Cobo Wallet

Cobo – Lately, there has been a widespread circulation of e-wallets, indeed the e-wallet has many advantages. Besides being more practical, it is also very safe from theft. And today I will explain a new e-wallet called Cobo.

Cobo wallet

Cobo, a Beijing-based e-wallet startup, has raised $ 13 million Series A to enter new international markets. round led by DHVC and Wu Capital, a family office based in China. Cobo plans to expand in the United States and Southeast Asia, particularly Vietnam and Indonesia. Cobo is currently accepting pre-orders for Cobo Vault, purse hardware (pictured above), which he claims to be military grade. Cobo Serie A brings the total up to 20 million USD to date.

Cobo Wallet allows users to store both stocks and shares proof. One incentive for people to choose the application on competitors is the ability to group assets proof with other users so that they can increase the possibility of exploiting and validate a new block in the blockchain. Since its debut earlier this year, Cobo said its e-wallet has attracted more than 500,000 users.

Why You Should Use Cobo Wallet?

For the first secure, military-grade hardware in the world of electronic money

When you invest and have a number of electronic money (digital cash), you should always be careful when doing online transactions as well as know how to save money on long-term investments, avoid looking computer hacker and virus programs.

With Cobo wallet, keep your personal key really a secret, do not have to worry will be exposed. Your money will be saved offline, so no one could get it (including hackers) on your hands.

When you need to make a transaction, simply connect Cobo to your computer (including the infected computer) and enter the PIN code of your device and you are 100% safe.

Cobo is a wallet based on Proof-of-Stake (POS) and Masternodes that can be used as a new payment method or exchange of goods and services. Through the application is available for Android and iOS devices.

What is Proof-of-Stake (PoS)?

Proof-of-Stake (PoS) is an alternative method of proof-of-Work (POW) in mining cryptocurrency. As Pow, PoS is to reach consensus and avoid cases of double spending in Cryptocurrency transaction. Unlike Pow, this method does not require the code-breaking process in making a block but based on a percentage of the existing coins. The greater the number of coins that Miner has, the coins he can.

Why PoS in demand as blockchain development support?

One plausible reason is that it saves energy and does not require miners like Pow concept.
Blockchains number could be more than doubled, and the same thing happened to the number of miners increased.

How it Works Stake Proof:

Pow in which users must validate the transaction and create a new block by way of computing. But in the PoS system, each coin holder must show proof of ownership of crypto to get the prize.
In PoS, creating new blocks by a method of pseudorandom which depends on the number of coins, called Stake. Proof-of-Stake in the block called Forged or print. So, there is no term PoS mined, validate transactions and creating new blocks with Forge.

PoS users, they are called counterfeiters (coin forgiving) will receive a transaction fee as a reward. To validate the transaction and make the blocks, counterfeiters have to put them in pole coins. After forging coins, they will get a share of the coins in the process of forging. It’s called incentive in Exhibit Stake methods.

The system works to make coins PoS determined based on the account balance. the larger the account balance used to coin the risk, the greater the chance to get a piece of fake income. But to limit the monopoly, especially for users who have more coins, the random method was created. This method made unique by the combination of the lowest hash value and the account balance will be used as a printer next coin.

PoS, Master node and Wallets:

The core of stability Cobo Wallet is Pegs and Proof-of-Stake Masternodes that can be used through a custom-made purse. The use of technology enabling transaction darkened high anonymity thanks to a special algorithm which combines the funds were sent.

Has a number of cryptocurrency in your wallet can give a decent prize at stake. You have to open your wallet and stay open for this sole purpose. betting prizes ranging up to 200%.

Next-generation security

Bank-level encryption chip exclusively with the proper firmware meets the BIP 32, 39 and 44 protocols to ensure that your private key stored in the encryption chip all the time.

Cobo wallet supports BTC, ETH, BCH, DASH, LTC, etc, TRX, EOS and ETH, TRX, EOS … and store more than 500 kinds of Ethereum sign running on ERC20 protocol. You can make deposits, receive money, check accounts and manage multiple addresses of some electronic currency on the same device.

Step by step instructions to Earn Reward

DASH

The careful reward sum is influenced by three factors and is liable to change on week by week premise. The three components are:

1. The number of master nodes in the DASH organizes: The more the number of master nodes, the fewer rewards each master node gains.

2. Traffic of DASH organize: the more traffic (more squares mined in a specific period ), the more rewards each master node wins

3. A measure of DASH you have in the reward wallet: Cobo has multi-can remunerate rate approach, it implies the more DASH you store, the higher rate of honors you will procure. The multi-pail is around partitioned as pursues:

  • ≥ 1000 DASH
  • 880 – 999 DASH
  • 500 – 879 DASH
  • 200 – 499 DASH
  • 1 – 199 DASH (Cobo requires just 0.1 least stores for you to acquire DASH rewards. Typically, to set up a DASH Master node, clients are required to bolt up upwards of 1000 DASH)

These components are elements. The rate of honor changes steps by step as the above variables change. You can check the DASH rewards estimation rate and master nodes insights from this connection: https://cobo.com/pos/dash

LBTC
  • The framework will naturally payout remunerations that have surpassed 0.1 LBTC in esteem.
  • Reward sums that don’t meet the 0.1 LBTC limit will be moved over to the following cycle.
  • Cobo pool possibly charges 7.5% oversee expense if vote Cobo hubs.
  • New clients of Cobo Wallet that store LBTC will appreciate the best reward rate accessible (Cobo will just charge a 5% the board expense).
XZC

The careful reward sum is influenced by three factors and is liable to change on week by week premise. The three components are:

1. The Number of master nodes in the XZC arranges The more the number of master nodes, the fewer rewards each master node acquires

2. Traffic of XZC arrange the more traffic ( more squares mined in a specific period ), the more rewards each master node wins

3. A measure of XZC you have in the reward wallet: Cobo has multi-basin remunerate rate approach, it implies the more XZC you store, the higher rate of honors you will procure. The multi-can is roughly isolated as pursues:

  • ≥ 1000 XZC
  • 880 – 999 XZC
  • 500 – 879 XZC
  • 200 – 499 XZC
  • 0.1 – 199 XZC (Cobo requires just 0.1 least stores for you to acquire XZC rewards. Ordinarily, to set up a ZNode, clients are required to bolt up upwards of 1000 XZC to set up one)

These elements are the elements. The rate of change of honor step by step as the above elements changed. You can check the estimated level Zcoin rewards and master nodes insights from this relationship: https://cobo.com/pos/xzc

Secure Data Transfer

Really conditioned to securing your transactions from hackers. Eliminate the ability of WiFi / Bluetooth / NFC / Bandwidth to prevent any attempts to attack the network

Self-destruct mechanism to prevent side-channel attacks, Web authentication to prevent a supply chain, remove all USB ports to prevent active attacks, Upgrade firmware through TF card for maximum security, Multi-signs to improve safety.

New Point

  • HD Wallet support setting iOST TK, e-commerce, and Dapp;
  • Online wallet Lightning Network, GD experience very quickly;
  • Discover the latest session channel;
  • Wallets HD supports the signing of several names USDT;

Conclusion

Startup founded last year by CEO Shixing Mao, known as Discus Fish in society vague, and CTO Changhao Jiang, a former engineer platforms on Facebook and Google, co-founder of Bihang, wallet Discus Fish acquired by OKCoin in 2013. Discus Fish, meanwhile, is known for launching F2Pool, China’s first mixing tank.

Cobo Vault meets the military standard MIL-STD-810G military for US equipment, hardware head Cobo, Lixin Liu, adding that it was built with proprietary software specially created. for the device. and military grade aluminum encoder chip.

To know the latest information about the Cobo project you can visit the link below:

Website: http://cobo.com/
LinkedIn: https://www.linkedin.com/company/coboofficial
Facebook: https://www.facebook.com/coboOfficial
Twitter: https://twitter.com/Cobo_Wallet
Telegram: https://t.me/cobowallet
MEdium: https://medium.com/cobowallet
Youtube: https://www.youtube.com/channel/UC4pPHVxoBYQubw19zL9tu-A/videos
Blog: https://cobo.com/blog
Android Apps: https://play.google.com/store/apps/details?id=cobo.wallet&us=en
iOS Apps: https://itunes.apple.com/us/app/cobo-cryptocurrency-wallet/id1406282615

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Bitcointalk username: ubay
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=376156
Telegram username: @ubaygates
ETH: 0xEDDbb1aFc2439FeA77B19c44bEac8556313dA822

Disclaimer: “I’m not a representative or a member of the Cobo team, I just give you the latest ICO info”

Post Author: Admin

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