A new cryptocurrency is about to hit the blockchain.
PoE, which stands for “Proof of Existence,” is a decentralized currency built on the blockchain that allows people to spend their bitcoin or ether on digital goods.
With the PoE platform, anyone can purchase a physical item using their PoE currency and store it in their wallet.
That physical item can be used to purchase goods like physical goods, digital goods, or virtual goods.
The PoE cryptocurrency has been mined by a computer program using specialized equipment to create new coins each day.
These coins can then be traded on the PoS network, which is similar to a stock market.
The network will not accept any kind of outside transactions, but PoE is not a coin exchange or a virtual currency, as it does not allow for the creation of third party cryptocurrencies.
Unlike other cryptocurrencies, PoE cannot be hacked, because it uses a proof of work algorithm to create its own digital ledger.
The process uses computers to solve complex mathematical equations to determine how to validate each coin’s creation and ownership.
These calculations are performed on a computer in a lab at MIT and a number of computer scientists have used PoE as a model to understand how the computer works and how to implement better cryptography.
“We are very excited to be building a platform that will allow people to create and transact in PoE,” PoE founder, Peter Todd, said in a press release.
“The PoE blockchain will give people a way to create money without going through any central authority, and will enable a new kind of online currency that will empower individuals and small businesses.
It will also make PoE a viable cryptocurrency for people looking to transact in goods and services without relying on central authority.”
Todd added that PoE will allow PoE to be a useful cryptocurrency for consumers and businesses, because the coins can be sold and bought on the market with the same ease that other cryptocurrencies are traded today.
“It’s a perfect opportunity to start a revolution,” Todd said.
“PoE has all the makings of being the future of money.”
PoE was created by a group of MIT students who are working to develop the technology to build a digital economy based on the Ethereum blockchain.
They hope to launch the project by the end of this year.
They said the first block of the PoEs digital ledger is expected in February 2018.
They are also working on a new PoE-based token called the “Proof-of-Existence” token, which will be a more secure form of cryptocurrency.
In addition to the coins, they are building an Ethereum-based cryptocurrency called “Poe Nxt,” which will allow businesses to transfer and spend the coins in a way that is more efficient than other cryptocurrencies.
The project has already received $7 million from the Ethereum foundation, and they said that this is a record for a blockchain project.
“This is the first time that a project of this size has received funding from a major institutional investor,” PoEs co-founder, Matt Parrott, said.
Todd said that the project is about building a system that will be used by people all around the world.
He said the project was created to allow for a global currency to replace the currencies of many countries.
“Our mission is to create a global digital economy that is secure, transparent, and private,” Todd added.
The team is working on several other projects including PoE X, which they hope will be the next version of the coin.
“To achieve this goal, we need to move quickly,” Todd told CNNMoney.
“I think we can do it in less than a year.
We need to do it right.
I’m hopeful that the PoX project can help us move that forward in a very short period of time.”