Most alt coins have a very short life, because they're not announced in advance, and the only users of it are the early adapters or the preminers. Elacoin is an open cryptocurrency based on the Scrypt hashing algorithm, with a few innovative modifications:
OFFICIAL WARNING: AlternativeCypt IS A SCAMMER. DO NOT TRADE WITH HIM, HE CLAIMED TO HAVE MORE ELACOINS THAN WHICH WERE MINED
Elastic block reward algorithm based on the difficulty and Moore's LawThe more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin's value.
Stable Currency that Regulates Itself Through Supply and DemandLess demand? Less hashpower, less block reward, less supply. Same value.
High demand? More hashpower, more block reward, more supply. Same value.
Fast Payments and ConfirmationsThe block target is one every 2 minutes, which is the perfect amount.
Fast enough without running into network IO limits, or bloating your hard drive.
Open to everyone. No premining, no shenanigans, announced releaseElacoin will be released after 24 hours of this message. Elacoin is not premined,
with the genesis block timestamping "Traffic from Syria Disappears from Internet".
The genesis block for Elacoin will be released after 24 hours of OP. Get your scrypt
miners ready (a miner is included in the client), and have fun
Elacoin has being released! http://github.com/elacoin/elacoin
Show Posts
