Archive for the ‘Crypto Coins’ Category

Mazacoin (MZC) SHA-256 based cryptocoin

5, Mar 2014

mazacoin-aternative-crypto

MazaCoin (MZC) is an all new fork of the ZetaCoin project (a SHA-256 crypto) that branched from BitCoin. MazaCoin is the Official National Currency of the Traditional Lakota Nation (a Native American Tribe).

As a Crypto-Currency, MazaCoin is uniquely qualified to hold and preserve the wealth of a sovereign nation. The forward looking and courageous decision of the Traditional Lakota Nation to adopt a Crypto-Coin as their national currency will pave the way for other countries in the world to abandon out-dated and dysfunctional forms of fiat currency. MazaCoin will create an economic foundation upon which the Traditional Lakota Nation can build lasting wealth and prosperity for their people. And MazaCoin will take it’s place in the world of Crypto-Currency as a solid Alt Coin backed by the unique legacy of an ancient culture and nation. MazaCoin is another historical first in the grand renaissance of money that is the Crypto-Currency revolution. The entire world will benefit from MazaCoin, and all are welcome to join our community.

The BTC Oyate Initiative founded by Payu Harris will be the primary liason between the Traditional Lakota Nation and the MazaCoin Development Team. The BTC Oyate Initiative will organize and administer the National Crypto-Currency Reserve. The project has an over-arching goal of introducing Crypto-Currency into the reservation economy for the purpose of economic stimulation and growth. The MazaCoin Project is one aspect of this plan, a Crypto-Exchange haven and mining farms on Tribal Land is another.

During the first phase of the MazaCoin pre-mine, the Traditional Lakota Nation as represented by the BTC Oyate Initiative will pre-mine 25 million MazaCoins as the starting point of a National Crypto-Currency Reserve. In the second phase of the MazaCoin pre-mine, the MazaCoin Development Team will pre-mine 25 million MZC as a starting point for the MazaCoin Tribal Trust. The MazaCoin Tribal Trust will give grants of MazaCoin to any Tribal member, business or charity of the Traditional Lakota Nation. Grants are set to be 1000 MZC for individuals, 10,000 MZC for businesses and 50,000 MZC for non-profit Tribal organizations.

Website
– http://www.mazacoin.org/

Block Explorer / Crawler
– http://explorer.mazacoin.org

SPECIFICATIONS

  • SHA-256 Algorithm
  • Proof-Of-Work Mining (ASICs Welcome)
  • Block Target: 120 seconds
  • Difficulty Re-Targets every 4 blocks based on last 90 blocks (Quick Difficulty Readjustment)
  • Block reward: 5000 MZC, halving every 241920 blocks (about 12 month) – not dropping below
  • 1 MZC (inflationary minimum)
  • Total coin mined: 2.4192 billion MZC + yearly inflation
  • 2.4192 billion coins will be mined in approx. first 5 years
  • Thereafter around 1 million per year (inflationary).
  • Transaction Confirmations Needed: 5
  • Pre-mine: 25+25 million MazaCoins

DOWNLOADS
– Windows
– Mac
– Linux

Source Code
– at GitHub

PORTS

  • RPC Port: 12832
  • P2P Port: 12835

POOLS
https://mzc.coinmining.pw/
http://mzc.rocketpool.co.uk/
http://mzc.minebig.com/
https://mzc.mineoncloud.com/
http://maza.cryptoadhd.com/
http://ispace.co.uk/

EXCHANGES
– Atomic Trade

NXT Alternative Cryptocoin

3, Mar 2014

nxt-allternative-crypto

Nxt (NXT) is not a simple coin. Nxt is a 2nd generation, scalable cryptocurrency offering a novel method of eco-friendly mining. Nxt features are outside the scope of regular altcoins. Nxt is the first 100% Proof-of-Stake (PoS) currency. Coins are earned solely by charging transaction fees. Unlike other currencies with PoS mining, Nxt’s PoS mining does not cause monetary inflation. The total amount of Nxt in circulation is 1 billion. Nxt is resistant to +90% attacks via its transparent mining algorithm.

Nxt is not an altcoin such as litecoin, peercoin, and others who have their code based on Bitcoin’s source code are. It is brand new from scratch with its own code. Nxt utilizes a 100% proof of stake (PoS) mechanism versus the proof of work (PoW) mechanism other coins are based on. This effectively removes a security risk inherent in other coins, as the issue of a 51% attack and other vulnerabilities inherent to PoW coins become non-issues. Nxt implements a new feature called “Transparent Forging” which will allow Nxt to approach Visa/Mastercard rates of transactions. Nxt was announced six weeks in advance, unlike mere hours like altcoins usually are. The 73 original stakeholders are responsible for distributing the 1 billion Nxt coins that were ejected from the genesis block via an injection of their donated Bitcoin, 21 BTC total, into the genesis block.

Website
– http://www.nxtcrypto.org

Block Explorer / Crawler
– http://87.230.14.1/nxt/nxt.cgi?action=1

SPECIFICATIONS

  • Brand New Code Algorithm
  • 100% Proof of Stake
  • Total coins: 1 billion
  • Nxt Transparent Forging
  • Nxt Alias System
  • Nxt Arbitrary Messaging
  • Nxt Asset Exchange

DOWNLOADS
– Windows

Source Code
– at GitHub

EXCHANGES
– Bittrex
– HitBTC
– Livecoin
– Stex
– CoinEgg
– TOKOK

Premine Coin (PMC) alternative cryptocoin

3, Mar 2014

premine-alt-crypto

Premine, also known as PMC, is an alternate cryptocurrency that is defying normal convention in its method of mining and distribution. While some coins are mined, or earn you interest, Premine is exclusively redistributed by its users, and block rewards are generated only by network transaction fees.

The word “premine” refers to the terminology of mining before a coin is officially launched. Although the word has had both positive and negative connotations, it simply refers to coins that have been mined before launch. Since all of Premine was mined before launch for distribution, the name symbolizes its unique method of distribution. Proof of Distribution, if you will. So even though technically all of the coins are “premined”, they are all in the hands of the community.

Premine is setting out to prove that cryptographic currency can continue long after the minting process has ended, making it not only a fascinating glimpse into the future of Bitcoin, but also a viable and stable alternative that thanks to its low total supply of less than 500,000 coins, allows each coin to store a great amount of wealth. This makes PMC an excellent alternative store of money. To say Premine is the future of Bitcoin isn’t far from the truth.

Will Bitcoin be able to survive once the minting of new coins has ended? Nobody knows. PMC started with a market cap of zero. Bitcoin currently has a market cap in excess of $8 Billion USD. Already suffering from volatile pricing, we may discover that Bitcoin might not survive this transition, and that no coin with such a high market cap ever could. In this sense Premine is also future-proof, having avoided this hazardous transition phase altogether.

We have not only side-stepped this potentially hazardous event, we have embraced it and made it the very essence of PMC. No inflation. Just distribution.

Premine is a SHA-256 coin, just like Bitcoin. When you mine Premine, you are mining the transaction fees generated by all the people who buy, sell and trade it. In this sense, you can only mine PMC as fast as it is bought and sold, making it exceptionally stable. It does not suffer the major flaw of most cryptocurrencies, which is market flooding caused by a large drop in mining difficulty. This inevitably leads to downward pressure on market pricing causing the altcoins you hold to devalue at any given moment. PMC is not based on this model and, therefore cannot flood the market in this manner.

In PMC, The market affects the block rewards, and the block rewards affect the market. The two coexist and always seek to balance one another. PMC is built on this symmetry, and that makes it an exciting investment as well as a powerful means of exchanging goods and services.

All of the coins that ever exist have already been created and have been entirely distributed amongst the community. This distribution has continued ever since on all levels, not just by the developer, but by community members and even the exchanges.

Premine is more than just an experiment. It’s a concept that is proving to work.

Website
– http://premineco.in/

Block Explorer / Crawler
– http://blockchain.premineco.in/chain/PreMine

SPECIFICATIONS

  • SHA256 Algo
  • Distribution: PoW
  • Total coins: 498999.99996251
  • Block Reward: TX Fees Only – Variable Reward
  • Block Time: 120 Seconds
  • Trade Confirms: 6 blocks

DOWNLOADS
– Windows
– Mac
– Linux

Source Code
– at GitHub

PORTS

  • RPC Port: 9335
  • P2P Port: 9336

EXCHANGES
– C-cex


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