Archive for the ‘Crypto Coins’ Category

GCoin (GCN) Scrypt-based alternative cryptocoin

26, Jun 2014

gcoin-logo

GCoin (GCN) – a fairer distribution for all. There was a mission in mind when this project was started many months ago. To bring a coin to the landscape that would be easy and fair for everyone to participate in and earn coins, not just those who had expensive mining equipment or big dollars to trade. We hate the unfair advantage in the crypto sphere that always seems to be limited to just those “in the know” when it comes to crypto currencies. The vast majority of the “real world” seems a bit slow to catch onto this inevitable and wondrous technology we call crypto currencies. We believe a large part of that is the point of entry being a bit out of reach for most, whether it be financially unable or because of technical inabilities.

This is why GCoin was created with a completely new and unique distribution method that would break this point of entry down so that anybody in the world could participate and start getting involved in this crypto revolution. The first and foremost goal right now is to spread GCoin as wide as possible and to bring in as many newcomers to crypto as we can. Over the coming weeks and months, this is the primary focus and hope for GCoin. For the long term health of GCoin and its steadily growing community, this is much more important than getting on an exchange during our first few weeks. GCoin is here for the long term. No interest in activities that pave the road for fast returns.

Website:
– http://www.gcoin.us/

Block Explorer:
– http://www.gcoinchain.info/

Coin Specifications

  • Scrypt Algorithm
  • Total Coins: 200 billion GCN
  • 150,000 GCN reward per block
  • Subsidy halves every 533333 blocks
  • 2 minute block time
  • Premine: 40 billion coins

Wallet:
– Windows

Source Code:
– at GitHub

Mining Pools:
– http://217.115.116.95/
– http://www.newgcoinpool.com/
– http://www.gcoinpool.com/

Coin Exchanges:
– Bleutrade

IrishCoin (IRL) Scrypt-based alternative cryptocoin

19, Jun 2014

irishcoin-logo

IrishCoin (IRL) is a similar to Bitcoin – a de-centralised digital currency, with a focus though predominantly for the Irish tourist sector. We are not striving to replace the Euro or create a new currency. We are instead using the same peer-to-peer crypto currency system as a vehicle to aid and promote the Irish tourism industry among the Irish diaspora in the US, Ireland, and globally. This uniquely sets IrishCoin out differently among the plethora of crypto currencies developing as alternatives to the money system you are used to.

Reserve IrishCoin of 7 percent of the currency will be distributed directly through global organizations, companies and and ventures connected to the Irish tourism industry. IrishCoin distribution will start initially with take up from online Irish social networks like Liveireland.com with over 12,000 US and Irish members eligible to download digital wallets with IrishCoin. Negotiations are already in place with numerous other global Irish networks and we will be publishing more going forward. IrishCoin will also be distributed to businesses as a discount token on purchases where IrishCoin is accepted.

Website:
– http://irishcoin.org

Block Explorer:
– http://block.irishcoin.org:2750/chain/Irishcoin

Coin Specifications

  • Scrypt Algorithm
  • Block reward: 100 IRL halving every 320000 blocks (about 18 months)
  • Total coin mined: 64 million IRL
  • 64 million coins will be mined in approx. first 7 years
  • Block Target: 120 seconds
  • Difficulty Re-Targets every 4 blocks based on last 90 blocks (Quick Difficulty Readjustment)
  • Transaction Confirmations Needed: 6
  • Premine: 4.5 Million IRL (Dedicated To Tourism Industry)

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 12372
– P2P Port: 12375

Mining Pools:
– http://irl.cryptoadhd.com/
– http://irl.mega-hash.com/

Coin Exchanges:
– Bleutrade

MonetaVerde (MCN) CryptoNight-based alternative cryptocoin

19, Jun 2014

monetaverde-logo

Deflation is a very serious problem for all cryptocoins because it prevents them from being used as payment mean. For most coins block reward decreases in time and this increases deflation rate. For PPC-derived coins (PrimeCoin etc) the problem is even worse as soon as they offer difficulty-based block reward formula that makes block reward inversly proportional to difficulty (i.e. difficulty goes up and block reward goes down). I consider both practices to be counterproductive. Moneta Verde (MCN) is the first cryptocoin with blockreward increasing together with difficulty. Why this is a good idea?

1. Money supply goes up with difficulty increase. As soon as difficulty increase usually happens due to an increased demand this will lead to money supply being dependent on demand. This way MCN will has a slower deflation rate than other coins.

2. Instamine is now useless because block reward is close to zero on low difficulty blocks. This will give us a better coins distribution.

Block reward formula is a fixed point implementation of log2(difficulty). This means that block reward increases much slower than difficulty: for 1 coin to be added to block reward a difficulty must be increased twice. This rate looks to be reasonable.

Website:
– http://monetaverde.org/

Block Explorer:
– http://chainradar.com/mcn/blocks

Coin Specifications

  • CryptoNight Algorithm
  • Block_reward = log2(difficulty) * 2^40(difficulty)
  • 60 second block times
  • Difficulty retarget every block
  • Merged mining with Monero, QuazarCoin, Bytecoin or any other CryptoNight-based coin

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
– MinerGate

Coin Exchanges:
– Bleutrade
– Yobit


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