Cheese strives to tackle the shortcomings of traditional transfer methods. Our vision is to establish a trustworthy, confi dential, and effi cient worldwide fi nancial transaction platform; a safe haven for all users to interact and transfer digital assets at will, without a single concern, their activities are monitored. Therefore, we are determinant to set an environment where privacy is held in high regard and reciprocated with trust and respect.
Cheese (CHEESE) is a cryptocurrency that combines two consensus approaches at once — Proof-of-Work and Proof-of-Of-Stake — making it a so-called hybrid coin. In simple terms, it's a digital money system where transactions are verified both by miners doing computational work and by coin holders staking their balance. The project has a fixed maximum supply of 1,000,000,000 coins, which means no more than that will ever exist.
Cheese is a hybrid cryptocurrency running on a combined PoW/PoS consensus, whereas Bitcoin uses only Proof-of-Work. This hybrid model is meant to make the network more balanced: mining secures it, while staking rewards holders for keeping their wallets online. It also has a hard cap of 1 billion coins — a much larger maximum supply than Bitcoin's 21 million.
Part of the network's blocks are produced through Proof-of-Work, meaning miners solve computational puzzles to validate transactions. The rest come via Proof-of-Stake, where users who hold coins in a staking-enabled wallet get picked to forge blocks and earn rewards. The idea is to get the security of mining plus the energy efficiency and decentralization benefits of staking.
Cheese has a hard cap of 1,000,000,000 coins, so the total supply can never exceed that number. New coins enter circulation gradually through block rewards paid to both miners and stakers. Once the cap is reached, no additional coins will be created.
Like most PoS-capable coins, CHEESE is stored in the project's official wallet, which you can download from the official site at cheesecoin.tk. Keeping the wallet open and connected also lets you stake your coins and earn rewards. Beyond holding and staking, you can transfer CHEESE to other users as a regular peer-to-peer currency.