PayCoin (PYC) is a peer-to-peer (P2P) Internet currency that enables instant payments to anyone in the world. It runs off the popular scrypt protocol which gives it unmatched stability and easy accessibility. PayCoin uses memory-hard, scrypt-based mining with both proof-of-work and proof of stake algorithm to target the regular computers and GPUs most people already have. The PayCoin network is scheduled to produce 30 million currency units.

Website
– http://www.paycoin.co/

Block Explorer / Crawler
Not Available.

SPECIFICATIONS

• Scrypt Algorithm
• Proof of work / Proof of stake
• Support transaction message
• Fair start, no premine
• No transaction fee
• Diff re-target every block
• 3 coins per block
• 60 seconds block time
• 5 confirmations for transaction
• 60 confirmations for minted blocks
• Total 30 million coins to be mined

DOWNLOADS
– Windows

Source Code
– at GitHub

PORTS

• RPC Port: 9289
• P2P Port: 9288

POOLS
– http://pay.coinmine.pl/
– http://pyc.botpool.net/

EXCHANGES
– C-Cex
– Bleutrade

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