NeuCoin - Definition from the Hotspot Shield Encyclopedia

NeuCoin is a cryptocurrency that was first released in 2015, and is a derivative of Peercoin.

NeuCoin uses a proof of stake system that pays interest for each stake created.

The currency has a large amount of investment and during its release it presold 100 million NeuCoins in exchange for a sum of Bitcoins. NeuCoin is decentralized and is mainly used for micro transactions; it is easy to use, free to start using, provides a secure transaction method, has support from non-profit foundations and has also branched out to create two different Facebook games. The block creation time for NeuCoin is just 60 seconds which is extremely quick, however this does open the currency up to potential security flaws.