Ultracoin is a hybrid cryptocurrency between the Proof of Work and Proof of Stake protocol. It was founded in 2014 by Steven – Ultacoin‘s CEO, Usukan – the team leader and Aleneeva – the head pool director. The number of total coins in circulation is 100,000,000. Block time is 1 minute. With the Proof of Stake and Proof of Work miners receive Ultracoins for mining block and investors earn rewards by staking coin in their wallet. The platform uses Chacha scrypt algorithm, which is not possible for mining by ASICS. Ultracoin‘s mission is to be the first easy-to-use, decentralized cryptocurrency that can attract the interest of the mass audience and become a devastating force in the current market economy..