Stohn Coin (SOH) is a decentralized digital currency created in June 2021 with a focus on smaller crypto investors who missed out on the early days of older cryptocurrencies. This cryptocurrency uses cryptography to keep the asset secure, with no physical coins and a balance kept on a public ledger that can be viewed by anyone.

Transactions in Stohn Coin are a transfer of value between wallets that are added to the blockchain. Each wallet contains a secret private key or seed that is used to sign transactions and prevent any changes once they have been signed. The transactions are then shared with the entire network to confirm their validity.

Stohn Coin uses nodes to store transactions by relaying information from users to miners. Any person with a storage device that has enough memory can connect to the internet and run a node, making Stohn Coin decentralized.

The blockchain of Stohn Coin uses a proof-of-work system for mining and verifying transactions. The mining algorithms use a double-SHA-256 process, and the miner who verifies the most recent block will receive Stohn Coin as a reward. Mining rewards start at 100 Stohn per block and are halved every 200,000 blocks until all 40,000,000 Stohn Coins have been mined, with the last predicted to be mined in August 2076.

Transactions in Stohn Coin can be viewed publicly through the blockchain nodes using a blockchain explorer. However, user information and private keys are kept private and are not stored on the blockchain, although it is recommended to use multiple keys in your wallet for added privacy.

The private key is an important component of Stohn Coin and is used to authorize and verify transactions. The private key is created by feeding a large string of random bits into the SHA256 hash algorithm. The public key is used to send Stohn Coin to the wallet when creating a transaction and is calculated from the private key using elliptic curve multiplication.

In conclusion, Stohn Coin is a decentralized system built to create electronic transactions without relying on a central authority. It is a peer-to-peer network using proof-of-work that records transaction history using CPU power into synchronized nodes, making it a strong and safe network for worldwide payments with low processing fees.

Link: https://stohncoin.org/