Fuloos – The New Age Money

The growth of banking and finance world increasingly shows the stagnant condition, even tends to decline. This is the effect of various symptoms that are local and global. The all events of politics, economics, trade, sentiment towards domestic and foreign policies greatly affect the inflation of a currency. One of the main weaknesses is greatly felt by economic actors, whether small or large. To be sure, this is the result of a centralized system born of a state policy.

You can remember from the head, a big event in Europe, where the United Kingdom decided to get out of the European economic common, known as Brexit. This referendum also makes to a derivative effect on the currency of Great Britain, Poundsterling. We have not lost our memory of the event, now the people of Italy are preparing to arrange strength and confidence to come out also from the EU that uses the common currency, the Euro. What about the fate of Lira's next currency? The world community is still watching carefully.

The effects born of a system that is centralized, the waves will be very large. Interpretation of a government policy will force economic actors to also produce an analysis of their capacity. So, do not be surprised, that the policy of purchasing a used fighter aircraft by third world countries, the effect can boost the high price of staple needs. Plus, the global ones. This is the most worrying.

Correspondingly, the strategy created in the technological blockchain world, inevitably forces us to see better opportunities for a means of exchange of payments, which is crypto money. You are very familiar with the name Bitcoin, Ethereum, Dash, Lite Coin, and so on. They are a custom tool that is mutually agreed upon by anyone who uses it. Decentralized. Easy to use. No physical storage required. The accompanying technology is available, the advanced computerized system available in blockchain technology. And of course, the internet network is getting wider and faster up to 5G. Each country sees this opportunity carefully, so it can prepare the anticipation if suddenly there are obstacles.

So, I need to mention a new crypto currency called Fuloos. As I understand on their website: https://fuloos.org/ Fuloos uses Scrypt for encrypting blocks on its Blockchain. A password-based key derivation function (password-based KDF) is generally designed to be computationally intensive, so that it takes a relatively long time to compute (say on the order of a hundred milliseconds). Legitimate users only need to perform the function once per operation (e.g., authentication), and so the time required is negligible. However, a brute-force attack would likely need to perform the operation billions of times, at which point the time requirements become significant and, ideally, prohibitive.

Previous password-based KDFs (such as the popular PBKDF2 from RSA Laboratories) have relatively low resource demands, meaning they do not require elaborate hardware or very much memory to perform. They are therefore easily and cheaply implemented in hardware (for instance on an ASIC or even an FPGA). This allows an attacker with sufficient resources to launch a large-scale parallel attack by building hundreds or even thousands of implementations of the algorithm in hardware and having each search a different subset of the key space. This divides the amount of time needed to complete a brute-force attack by the number of implementations available, very possibly bringing it down to a reasonable time frame.

Get prepared and enjoy your new money.

Fuloos Roadmap<?b>

Fuloos Team

Coin Details

Coin Name : Fuloos
Ticker : FLS
Mining Mechanism : POW + POS Algorithm
Algorithm : Scrypt
Block Time : 90 Seconds
Block Size : 3 Mb
Initian PoW Reward : 1000 FLS
Reward Having Rate : 10000 Blocks
Total Supply : 100,000,000 FLS
Circulating supply : 30989908.732444 FLS
POS Difficulty : 2.73490586
POW Difficulty : 0.06100439
Current Price : $0.0535
Current Price (BTC) : 0.00000700 BTC
Currenct Trading Vol. : 0.007084 BTC
Time Lock : Absolute
Proof of Work Duration : 312.5 Days
Proof of Stake Rewards : 5% Per Annum
Minimum Stake Age : 24 Hours
Maximum Stake Age : 7 Days
Coin Maturity : 77 Blocks
Stake Mechanism : In-Wallet, Manual Action with Absolute Time lock
Proof of Stake Fee : Wallet Service Driven
PoS Penalty : Wallet Lock Down
Platform : ERC20 Standard

Useful Links

Website : https://fuloos.org/
Facebook : https://www.facebook.com/Fuloos.org/
BitcoinTalk ANN : https://bitcointalk.org/index.php?topic=2586410
Telegram :
Global : https://t.me/Fuloos
India : https://t.me/Fuloosindia
African : https://t.me/FuloosAfrica
Philipines : https://t.me/FuloosPhil
Middle East : https://twitter.com/realfuloos
France : https://t.me/FuloosFR
Twitter : https://twitter.com/realfuloos
Discordapp : https://discordapp.com/invite/Yk7KkrT

Author:

Name: Yuni Tango
Bitcointalk username: Arwani112
Bitcointalk profie link: https://bitcointalk.org/index.php?action=profile;u=1345832
Telegram: https://t.me/yunitango
ETH address: 0x150564A1Fbe12a1D03F74a2e152Fc7468b7Cd7bD