WHAT IS OVATO COIN?
Ovato coin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Ovato Coin is an open source, fully decentralized global payment network. Mathematics secure the network and empowers individuals to control their own finances. Ovato Coin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume, and liquidity, Ovato coin is a proven medium of commerce complementary to Bitcoin.
Find support across a growing number of Ovato Coin communities:
- Ovato Coin Forums
- Ovato Coin Telegram
- Reddit Ovato Coin
- Search for Users on Twitter
- IRC Free Node network channels #ovatocoin (for general users) and #ovatocoin-dev (for developers)
Find general information as well as a list of services and exchanges that support Ovato Coin at the Ovato Coin Wiki. Up-to-date network statistics can be found at Ovato Coin Block Explorer Charts.
Source code for Ovato Coin and related projects are availabe on Github.
Open Source Software
Ovato Coin is an open sources software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The Ovato Coin blockchain is capable of handling higher transaction volumes than is counterpart – Bitcoin. Due to more frequent block generation, the network is capable of supporting many more transactions without the need to modify software in the future.
The result is that merchants get lighting fast confirmation times while having the ability to receive additional confirmations for larger ticket items.
Wallet encryption ensures security and peace of mind that your Ovato Coins are safe. You are able to view account balances and transactions freely but are required to enter your security protocols before spending or sending any Ovato Coins.
This provies protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Miners are currently awarded with 25 new Ovato Coins per block, an amount which gets halved roughly every 4 years (every 840, 000 blocks).
The Ovato Coin network is therefore scheduled to produce 34 million Ovato Coins, which is 4 times as many currency unit as Bitcoin.