Limitless (VIP) is a masternode, proof of stake and privacy based digital currency created early January 2014. TIT is currently being developed to be the exclusive currency for Tittie island, a vision that we are working towards. The Limitless Core Network enables instant payments to anyone, anywhere in the world, however, the main real world use for Limitless will be for goods and services on Tittie island.
All decentralised cryptocurrency communities have one type of reward system or another for individuals who help secure their network. In systems like Bitcoin, the rewards are given to ‘sha256 miners’, individuals, groups of people or organisations that use these specialised rigs to secure the Bitcoin network. In Limitless, anyone who has TIT can help secure the network and is able to receive rewards for their efforts!
Jumping the transition curve
Limitless proudly leverages a DASH/PIVX source code base with a few changes to combine a mixture of Masternode and Proof of stake governance without the need for proof of work (POW) miners. Not only does this make Limitless much more environmentally friendly than its proof of work cousins, it also means that Limitless has jumped the transition curve in relation to user and transaction security. Limitless is an independent currency, meaning it is not governed by the same structure as Ethereum ERC20 tokens that suffer at the mercy of the ETH price or the misfortune of smart contract misconfiguration or hackers of linked tokens dumping the price.