What is Jolofcoin (JOL): Jolofcoin (JOL) is a cryptocurrency built on its own blockchain through a robust Proof of Work consensus. It is an open-source peer to peer digital currency and doesn’t need the Stellar (XLM) network or the Ethereum (ERC-20) platform to exist. The single currency zone project through Jolofcoin uses a realistic approach based on verifiable data, tangible goals, and visible achievements. Specific targets are set, and they aim to bring stability in the financial ecosystem of West Africa by providing the means of utility of JOL which is the symbol of Jolofcoin in the digital economy. Innovation is at the heart of the Jolofcoin ecosystem, hence resources (desktop wallet, web wallet, mobile wallet, blockchain, explorer, mining pool, and source code) have already been made available.
How did Jolofcoin came about? • Jolofcoin (JOL) came from a need to empower the regional financial system by putting a particular emphasis on innovation, creativity, transparency, and decentralization. With JOL, power is given back to the people who can make the right choices about their own financial futures. Unlike the traditional currencies circulating in West African JOL is not controlled or supplied by any government entity or central bank.
Information, in Jolofcoin’s databases are structured in table format to allow for easier searching. In Jolofcoin’s blockchains, data is stored in blocks chained together, and as new data comes in, it is entered into a fresh block. Jolofcoin’s blockchain is used in a decentralized way so that no single person or group has control; rather, all users collectively retain control. The Jolofcoin decentralized blockchains are immutable, which means that the data entered is irreversible, transactions are permanently recorded and viewable to anyone on its explorer (https://explorer.jolofcoin.io/ ).