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Why E-Gold over bitcoin?
E-Gold Is a revolutionary second generation coin. One of the biggest problems with currencies like bitcoin is it takes 10 minutes to reach a confirmation on the blockchain. Can you imagine walking into a convenience store and buying a drink and having to wait 10 minutes for it to confirm? No, it I just impractical and with other currencies the block time is so quick that if anyone where to get %51 of the network it would take no time to double spend any coins you want. E-Gold will be made from the ground up in c++ (Like bitcoin) with this in mind.
Another thing is that the blockchain itself is massive for bitcoin which makes it so impractical for things like phones to run of even with the massive breakthrough in storage we are having. With E-Gold we are making the original qt to run as a lightweight client similar to electrum whilst keeping all features that would normally be included.
Bitcoin is also considered confusing by many people to the general public due to the whole mining process. Many people consider it a thing for only technologically inclined people. With E-Gold we are here to change this stereotype. We will be creating a lite easy to understand gui miner that comes preloaded with settings for different cards (Including different models.
What’s the catch?
Nothing! E-Gold is a true revolutionary second generation that is coded in c++ for the people! With eCash you don’t need to know too know much about crypto currencies as everything will be specifically made for ease of use.
Who are you/we?
Currently we are a group of four coders working to release this coin. In the soon future we are also looking to expand out and take on some PR consultants and more coming soon.
Will it have a future after launch hype?
Yes! We have a lot of things in planning but sadly these can cost money) such as a USD (more currencies can be added later) exchange and much more.
Will there be an IPO?
Yes, due to the nature of this coin there will be a %10 IPO to raise funds (We are looking at 10-20 BTC for a full exchange) for many things such as:
- Pools
- Shops
- Exchanges (Yes! If we can raise enough we will be getting a day 1 exchange)
- further development
- Games (Such as casino’s and dice games)
- And much much more
How can I get in on this IPO?
1. Make sure this is something you want. Do you want to be an early adopter of the next big thing?
2. Send any amount of btc to (Above 0.01 so it I easy to keep record of) to 1F3fHcuHXiJ7J1ZcrvNv4dLxtBxbnMxxis
3. PM me with your tx ID
4. Watch the development advance until release
5. All coins will be sent once you message me your e-gold wallet id.
Is this a fair way to distribute coins?
Absolutely! People will get paid through how much they put in. For example if we raise 1 btc overall and you put 0.01 towards this you would have 1/100th of the %10 which would be 10,000 coins.
Also, if you disagree with this is it fair satoshi has over 1 million BTC? Is it fair the federal reserve make money of an oversized printer?
Specifications
Scrpt-jane – Scrypt jane Is an algorithm which anyone can mine. Cpu’s can mine it quite easily whilst GPU’s will be less and less profitable over time due to the adaptive n factor/
1,000,000,000 – If e-gold is going to be the currency of the future it must have a long lifespan so many people have a chance to use this currency.
Block time – N/A
Blocks till retarget – at first it shall be 20 (no instamine) and will be lowered in further updates.
Anything else for know?
Yes, I would like to say this coin is not %100 completed and that is why we need funds to keep it going so there are some risks involved. And although this coin is in the works nothing is guaranteed.
Please ask questions below
