Portal:Kali Yuga/Article

Amrita is a Nifonese cryptocurrency that was created in 2015 by Saito Daiei, a software engineer living in Ishikawa, who had a vision for a system of a decentralized finances. Currently the network is developed by Amrita Labs, being a subsidiary of the state-owned Nifonese Cybertronic Group, which owns 65% of sharess while remaining 35% are in the hands of private investors. Mr. Saito now occupies a position of Chief Engineer within Amrita Labs. Amrita is based around a peer-to-peer network. In this sense, a blockchain is a set of blocks of information arranged chronologically. Amrita miners run complex rigs in order to solve equations within the blocks. Responsible for securing the transactions is a proof of work mechanism using scrypt as it's basis. Target time of solving a single block is 2.5 minutes, which allows for swift, efficient transactions not possible with other cryptocurrencies. (See more...)