What is boom coin?

As an AI language model, I don't have access to the latest or recent information about specific projects or cryptocurrencies. However, I can provide general information.

Boom Coin is a cryptocurrency that operates on its own blockchain network, with the ticker symbol being BOOM. Its primary objective is to create a decentralized, transparent, and self-regulating economy pushed by blockchain technology. It aims to provide a reliable, secure, and affordable payment method by enabling quick, transparent, and cost-effective transactions while also ensuring that users' identities remain anonymous.

Boom Coin is a community-driven cryptocurrency, thereby allowing users to participate actively in governance and decision-making. It uses the Proof-of-Stake (PoS) consensus algorithm, which relies on the size of an individual's holdings to determine their chance of discovering the next block. This mining method holds definite advantages over Proof-of-Work (PoW) in terms of sustainability, significantly lowering the amount of energy consumed while still providing security via transaction verification. These transactions are swift and efficient, with funds being transferred almost instantly between users worldwide.

Overall, Boom Coin seeks to bridge the gap between mainstream financial institutions and decentralized cryptocurrency networks, ensuring the benefits of both worlds for its users.