Scorecoin provides game developers and gamers a cryptocurrency that can be used in-game on a variety of games and platforms. Scorecoin SCORE is a Proof of Work and Proof of Stake hybrid. A masternode is a node which has staked sufficient coins to be allowed to participate in the Proof of Stake mining algorithm used by Scorecoin. Scorecoin SCORE was published back in February 2017 for use as a currency in gaming applications. Scorecoin is designed to revolutionize the in-game economy for mobile gaming apps. By providing a scalable, secure in-game currency that can be used on a variety of mobile platforms and within many gaming applications, Scorecoin SCORE revolutionizes the industry. Scorecoin was initially designed as an in-game currency based upon a Proof of Work paradigm for the generation of new blocks. Since then, Scorecoin has been updated to use only Proof of Stake. The switch enables Scorecoin to make lightning-fast transactions and removes the need for the large-scale energy consumption of Proof of Work cryptocurrencies. Proof of Stake also incentivizes users to lock-in or “stake” their coins to earn new coins periodically through the PoS block generation. SCORE uses the Scrypt algorithm.
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