Jasper is a cryptocurrency platform with a focus on speed, efficiency, and security. It also enables users to mine real-life products such as beer, wine, or chocolate.
The company states that it has decentralized and democratized mining practices. It uses minimum central processing unit consumption, allowing for global users from various backgrounds to mine cryptocurrencies. Users can also use JasperBerry, which allows for mining of Jaspercoins and is intended to streamline the process of mining.JasperPay is also an available application through the company and aids users in managing their cryptocurrency wallet.
Jasper uses the Proof of Elapsed Shift algorithm which makes each mining node wait its turn to mine. It also states that the platform is safe due to its use of blockchain.The JasperChain is a network used by the company for peer-to-peer trading of cryptocurrencies.
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- 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.