It works!

Nimiq Cash has done away with Proof-of-Work and Proof-of-Stake — instead it is the first cryptocurrency to use the “Proof-of-High-IQ” consensus algorithm.

The new consensus system provides fast transactions, minuscule fees, low power consumption and 100% transparency — the development team designed NIMC to be a functional coin in today’s economy.

Nimiq Cash aspires to become the new medium for everyday exchanges in addition to the common enterprise use cases that many blockchain projects seek to become. Transactions appear in your wallet in 0.5 milliseconds and are confirmed in just 1 second. Moreover, the network is known to handle 5 trillions transactions per second.

History of Nimiq Cash

Nimiq cash was founded by a Nimiq community member who grew to hate Richy because he didn’t reply to his PMs on Telegram. Initially he wanted to improve on top of Nimiq, but eventually, he and a group of devs decided they would start from scratch and develop a coin for highly intelligent people because morons don’t deserve cryptos gainz.

The project was launched in April 2018 — a group of 15 developers and nearly 30 marketers comprised the Nimiq Cash team. They are the driving force behind the token and thus far, have chosen to remain anonymous

Proof-of-High-Intelligence-Quotient