Golos, also known as Golos Gold, is a Russian social media and blogging platform that is a licensed hard-fork of the Steemit project, and is built on the Graphene blockchain. Golos is dedicated to the Russian community and is only available in the Russian Language — Glolos means 'voice' in the Russian language.
The Golos platform uses three different cryptocurrency tokens to reward and promote user engagement, they are: GOLOS (primary trading token), Golos Power (voting rights token), and Gold backed by Golos (token rewarded to content creators with a fixed value of 1 milligram of gold).
Golos is developed by a company that invests in blockchain startups called Cyber Fund, and officially launched on October 15th. A crowd sale for Golos was held 15 days after the launch of the cryptocurrency and raised approximately $453,000.
Every transaction occurring on the Golos platform requires network validation from several nodes. Golos uses a combination of Proof-of-Work (PoW) and Proof-of-Stake (PoS) for its consensus mechanism. The Golos consensus mechanism selects 21 delegates through voting by the platform token holders to validate a block; this process repeats 21 times for all 21 blocks required to validate a transaction. Every block has a production time of 3 seconds.
Documentaries, videos and podcasts
- SteemitSteemit is an online social media platform built on the Steem blockchain that is based out New York City, New York. Steemit rewards users for creating and curating content by leveraging a robust digital points system (Steem) for digital rewards.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- RussiaTranscontinental country in eastern Europe and northern Asia