Ever since the introduction of the blockchain Technology to the world, many projects under it were decentralized, except for few. These decentralized projects doesn't depend on the government for any support whatsoever. Development and management happened to be the work of their community. This means of doing things has cost many projects like the Ethereum to experience a fast and smooth growth as there are no government restrictions everything done there needs no permission from anybody at all. Building an ever-growing community should be the sole function of any community-based Project. Allow me to introduce you to another project that has its growth and development dependent on its community, it is the Communitycoin. The community coin is a new project that was introduced to the blockchain technology recently and happens to be Ethereum based. It's token was was built as as an ERC-20 token, I feel they want to be just like Ethereum and this is possible if they try to be persistent in building their community just as Ethereum did. They have also tried to be transparent by making their transaction publicly viewed. This would also help in making it a reliable company. As for security, the Communitycoin make use of the Proof of Stake (PoS) algorithm to protect all transactions executed. This method happens to be one of the most secured methods of protecting finances from hacks and scams. For the same security purpose they have made their own blockchain and distributed notes to prevent attacks in any way, in total more than 50% attacks are prevented by the combination of these two methods.
As a means of growing their community, they have made staking possible whereby users stake their coins to receive a fair interest of 1%, this taking process takes about 31 days to be completed after which the interest is equally distributed to membersand it is also the process whereby new coins are issued to the blockchain network. Just as most community-based coins does, the Communitycoin only gives power to members based on the number of coins they possess, making people with larger number of coins have a greater say in decision-making. The Communitycoin indeed is a great project for investment but the problem is they are here to have a big community which is the foundation to building a great community-based project in the blockchain network. I just hope they do that soon and if that is done meeting up with the achievements Ethereum has attained wouldn't be a problem at all.