Breakout chain is a decentralized blockchain platform that supports several currencies, referred to as the multicurrency blockchain. Besides, each of the currencies on the Breakout chain is transferable through a Bitcoin-like input and output mechanism. The major currency on the chain is Breakout coin while the Breakout chain remains a secure network. In this network, the interest earning capacity is separate from the principal. The platform embraces the Proof of Stake (PoS) and Proof of Work (PoW) concepts, making it the first blockchain network on which these aspects can produce different coins.
The Breakout Coin
This payment system is only one of its kind because it supports multiple currencies, each with different characteristics. The properties of each currency on the Breakout chain influence the utilization of each currency.
Breakout Chain—A Global Payment System With The Least Fees
The Breakout Coin (BRK) is the major currency in the Breakout chain system of payment. The Breakout Chain management seeks to promote the adoption of the coin. To achieve that objective, the platform has a reserve of 7 million BRK, which it intends to lend to vendors for the purpose of adoption and promotion of the business.
Besides, the business operates on strict clauses with regard to loan disbursements. For example, recipients cannot sell the coins on exchanges. Loans are supposed to be used as award points or incentives. All loans bear interest, which is payable to the coin company. Based on the terms of the loan, the borrower is encouraged to be a net buyer in the open market. Additionally, if the price of BRK goes up during the loan repayment period, the buyer is not penalized.
The Breakout Chain—Proof Of Work/Proof Of Stake
The Breakout Chain is a combination of a Proof of Work and Proof of Stake (PoW/PoS) blockchain. Contrary to other PoW/PoS hybrids, the two different security systems produce two different coins in the Breakout chain platform. While PoS produces the Breakout coin through staking Breakout stake, the PoW produces the Sister Coin. This type of system is completely new and exceptional to Breakout chain.
Global Multicurrency Payment System
As noted earlier, the Breakout Chain is a global payment system that embraces multiple currencies such as Breakout Coin and Breakout Stake. The Breakout chain system can send money instantly to any part of the world. Besides, its decentralized ledger provides a secure storage to all transactions on the platform. This implies that no government, bank, or other authority can influence any aspect of the payment system. As such, the payment system on the Breakout chain remains so transparent that anyone anywhere in the world can audit every transaction that takes place on the platform.
Breakout Coin Final Thoughts
More importantly, the breakout chain employs top-notch technological safeguards that lead to balanced transactions every time. In the end, nobody can spend money that is not his or hers neither can anyone on the platform spend money twice. The three currencies supported by the Breakout Chain are Breakout Coin, Breakout Stake, and the Sister Coin.