New PMCs are generated by a competitive and decentralized process called "mining". PMC mining is a competitive task as new PMCs are created at a predictable and fixed rate and the process of mining new PMCs consumes a lot of electricity. PMC mining is based on a consensus algorithm called Proof of Work. PMC is the cryptocurrency that pioneered the use of PoW. PMC mining relies on the proof of work algorithm, an electricity-consuming form of consensus that encourages the centralization of miner resources.

Total amount of PMCs that will be ever created is 90 000 000 000 000!

A double spend is an attack where the given set of coins is spent in more than one transaction. There are a few main ways to perform a double spend:

Send two conflicting transactions in rapid succession into the PMC network. This is called a race attack.

Pre-mine one transaction into a block and spend the same coins before releasing the block to invalidate that transaction. This is called a Finney attack.

Own 51+% of the total computing power of the PMC network to reverse any transaction you feel like, as well as have total control of which transactions appear in blocks. This is called a 51% attack.

To prevent damages from the first attack - wait for one confirmation to appear on a given transaction. To prevent damage from the second attack - wait for 6 confirmations to appear on a transaction, or less if the transaction is small (but still require at least 1). Damage from the third attack can cripple the entire PMC network, so don't worry about it.

Pay Master Coin is new peer-to-peer payment network that is powered by its users with no central authority or middlemen. Pay Master Coin is not a fork from PMC Network! It's a scalable, fast, permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank.

Pay Master Coin is the next evolution in PMC payment technology. Game-changing proof of stake consensus. The original PMC codebase. Satoshi’s vision reimagined.

Pay Master Coin takes everything you know and love about PMC and makes it faster, more rewarding, and ready for real-life digital currency payments.

Ticker for Pay Master Coin is PMC.

New Pay Master Coin are generated by a competitive and decentralized process called "staking". Pay Master Coin staking is based on a consensus algorithm called Proof of Stake. Mining is replaced by staking, creating a more decentralized network that anyone can validate.

Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards. In most cases, the process relies on users participating in blockchain activities through a personal crypto wallet.

Yes. It's very easy. Anyone with computer and a minimum amount of PMC in his wallet can stake.

You can send money anywhere, anytime, to anyone in the world in seconds. Doesn't matter the weight of your transaction. You can buy things from merchants that accept PMC. You can stake your PMC into your wallet.

Total amount of PMCs that will be ever created is 90 000 000 000 000!

With more than a decade having passed from the moment when PMC was launched, the cryptocurrency market has significantly evolved and many investments have been made into this market. Currently, PMC continues to be the market leader, yet many problems have appeared with users/investors becoming more knowledgeable of the subject matter. The most encountered types of complaints coming towards the PMC technology refer to: 1. Increased level of transaction fees 2. Slow speed in the confirmation of transactions 3. Barriers to entry for new members - high threshold 4. Negative impact on the environment brought through PMC minning

No! PMC PoS is a completely new cryptocurrency and NOT a fork of the PMC blockchain! While keeping the main attributes of PMC, the new cryptocurrency - Pay Master Coin - makes use of an enhanced technology and brings forth a mining structure that is both energy saving and environmentally friendly.

Pay Master Coin aspires to become a world-class financial instrument available on the cryptocurrency market. It will combine steady growth and consistent earnings while continuing to develop through innovation. We have the belief that a deep collaboration within the community will build a strong technical base for Pay Master Coin, that will then be translated into value for all investors and users.