Vulcano(VULC) is a community-oriented coin on the Vulcano platform. Moreover, VULC is a cryptocurrency based on proof-of-stake. The development team of Vulcano aims to develop an ecosystem that would facilitate the growth of the research investment and community in specific domains related to sustainability and renewable energy. Also, the Vulcano platform seeks to use blockchain technology to raise funds for technologies like geothermal power. The platform strives to be an effective community-based effort that advances scientific research.

One of the main features of Vulcano is that it does not depend on the inefficient system of proof-of-work. Instead, it focuses on proof-of-stake that is more efficient in improving the sustainability of the ecosystem.

Vulcano is in the process of developing a data-asset blockchain platform. Data assets are of vital importance to both large corporations and the average citizen alike. Today, the daily generation of data is around 2.5 quintillion. However, at this point, many organizations find it challenging to access enough data to make accurate decisions. In other words, organizations have access to large amounts of unstructured and extremely disorganized data. Its whitepaper states that Vulcano tries to resolve this problem by creating a data-asset blockchain platform or a data-based ecosystem. The data asset blockchain platform allows users to create tokens that represent data on an easy-to-use platform.

The Vulcano network seeks to support two types of data tokens. These data tokens include Non-Fungible Data Tokens (NDFTs) and Fungible Data Tokens (FDTs). Fungible Tokens are cryptographic tokens that are similar or identical in nature and functionality. An NFDT allows data from specific sources and specific time intervals to be monetized. In the case of a Non-Fungible Data Token, ownership of the token grants ownership of the data itself to the users. On the other hand, ownership of an FDT would grant users partial ownership of all data within a specific domain.

Vulcano was originally launched at the end of 2017. In August of 2018, a new development team relaunched the platform under new management. Since August 2018, the skilled team of Vulcano has worked tirelessly to drive advances and create value for the $VULC ecosystem. In November of 2018, the team signed a research partnership with Rajamangala University in Thailand. This partnership helped Vulcano to support the development of a seismic sensing network.

Actualizamos nuestro VULCANO a EUR en tiempo real. Obtén el precio de VULCANO actual en Coinbase.