Midas Lists Prometheus59 (P59) - Decentralized Super Computing powered by Masternodes

Midas announces the listing of Prometheus59 (P59) to the Midas platform as an Instant Share. Invest today to receive instant rewards.

What is P59 and what does it offer?

One of the main advantages of blockchain technology is that it is a decentralized network. At its core, the term “decentralized” refers to anything that is dispersed from an area of concentration. This idea is often applied to governments, industry, the internet, and cryptocurrencies being a form of decentralized money. Decentralization is important because it creates efficiency, security, and eliminates the need for trust in transactions.

P59 is taking the revolutionary idea of decentralization and pairing it with super-computing. The idea is to create a decentralized, blockchain-based supercomputer that leverages computing power from a distributed network of contributing computers and devices. This will be accomplished through what is called “parallel processing.” After the mainnet launch, any user who opens and runs the “Wallet 2.0” found on the P59 website will have the ability to contribute computing power to the P59 network.

There are many complex tasks that can give low-powered computers problems. Rendering large video files, compiling long lines of code, or solving complex equations using algorithms are just a few examples of applications that would be useful to utilize the P59 network. Prometheus is revolutionary because it seeks to give access to super-computing power to anyone, regardless of income level. To ensure its accessibility, the P59 network will be donating 10% of all computing power to charity. This means that people who are not able to pay the network will still be able to access the Supercomputer.

The P59 network is also powered by masternodes, thereby providing investors with a second method of earning P59 coins. This also enables organizations which require frequent use of the P59 network to buy one or multiple Masternodes, giving them a steady amount of access through spending the rewards. Masternodes also serve a function in the SuperComputer application, and act as a “gate” through which processing requests must pass. If any task requires a large amount of data, computing nodes only receive information after it has passed through the “gate” of a MN. The task is then executed upon the availability of computing power.

A plan is in place to control the available supply of P59 coins, and the team has implemented a coin-burn structure to ensure healthy coin economics. Any time that the supercomputer executes a request, rewards are sent to a number of places, including: the gate masternode that processed the request, rewards to the 2.0 wallet owners, the development fund, and the burn wallet. This ensures that as long as the SCpu is being utilized, a deflationary economic model is running. The burn rate is dynamic, meaning that it can be adjusted according to market conditions.

Team

Leonel Donaldson – CEO/Founder
Kenyon Sheppard – Marketer
Richard Randall – CTO/DEV
Dylan Chase – DEV
Leila Church – Community Manager

Where can I purchase P59?

Cryptobridge: https://wallet.crypto-bridge.org/market/BRIDGE.P59_BRIDGE.BTC

Coin Specs

Type: PoS/PoC
Algorithm: X11
Block Time: 59s
Total Supply: 59,000,000
Premine: 0.59%
Collateral: 1000

Please see the below table for the block reward schedule:

Can I get more information about P59?

Website: https://prometheus59.net/
Whitepaper: https://prometheus59.net/files/Prometheus59-Whitepaper.pdf
Explorer: http://explorer.prometheus59.net/
MN Stats: https://masternodes.online/currencies/P59/
Exchange: https://wallet.crypto-bridge.org/market/BRIDGE.P59_BRIDGE.BTC
Discord: https://discord.gg/a6X8aK8
Twitter: https://twitter.com/59Prometheus
BTT: https://bitcointalk.org/index.php?topic=5127242

Why have Midas offered P59 to our community?

Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.

Do you want to become a Midas partner?

Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.