A Swiss public-benefit Foundation, the Swiss Shakti Foundation, headquartered in Zug, Switzerland, is about to unveil a blockchain-based currency called Shakti Coin (SXE) that promises to usher in a new era of smart money. The new stablecoin is based on a revolutionary blockchain protocol called Proof-of-Effort (PoE) that is intended to democratize mining and make Shakti Coin the world's most practical medium of exchange.
This news comes a decade after the launch of Bitcoin, the world's first blockchain-based currency developed by Satoshi Nakamoto. Shakti Coin's developers learned from Bitcoin's strengths as well as its shortcomings to develop a true medium of exchange for day-to-day transactions. Shakti Coin highlights include easy to use, stable value, legal compliance, speeds of over 10,000 transactions per second (TPS), direct wallet-to-wallet transfers, as well as mining that is both democratized and energy efficient.