It is my honor to today release the new altcoin named "Crypto" (short: "CTO").
Crypto is a brand new coin, designed from the future, and with merged ideas from all the best altcoins.
It features fast transaction times, identity protection, ASIC - resistance (application-specific integrated circuit),
and perhaps most importantly: protection against inflation.
If you are interested in learning more about this coin, please visit the official website: (Temporary website):
http://tailflick.wix.com/official-crypto About Crypto:(image designed by: Houndirno) Thanks bro!
Crypto is a decentralized cryptocurrency designed for short transaction times, anonymity and a consistent, stable value. Crypto is a coin designed with the best features of the other cryptocurrencies around; its purpose is to form a flawless coin with a strong community based on all the great ideas of other cryptocurrencies. There is also another purpose of Crypto; to fix a problem which almost all the other cryptocurrencies have to endure. As more coins are generated the value of these coins goes down by a great amount over time becuase the amount of coins you get is only lowered every few years. However, this is not the story for Crypto. Every 10 days, the amount of Crypto distributed to the miners is lowered, which should fix de inflation issue. In addition, the decrease in Cryptos can be fully customized at any time without having to fork the block chain due to the programming structure of the subsidy.
The graph down below demonstrates the percentage decrease in subsidy according to the initial subsidy, every ten days for the next 20 years.
As seen on the graph, the amount of coins distributed to the miners decreases more and more as time goes by. In theory, the value of Crypto would rise with how hard it is to obtain them which means that more investors will be interested in buying Crypto, thus giving Crypto a higher value.Moreover, Crypto uses a proof-of-work algorithm which ensures that "ASIC-miners" cannot completely overtake the mining power of the network and thus weakening the security. "ASIC" stands for "application-specific integrated circuit" and are used by miners to mine coins way faster than possible for any standard computer. The issue with ASICs is that they ruin the concept of a decentralized currency, as companies can invest large amounts in such devices and completely overtake the network. The Lyra2RE algorithm which Crypto uses for hashing transactions, is designed to be ASIC- resistant: By other words, it is impossible to mine with anything but a standard computer.
In addition, Crypto uses Dark Gravity Wave 3, with only 30 second block times. DGW prevents Crypto for being a victim to merged mining, where the difficulty may fluctuate so much it could take hours, or seconds, to mine a block. The 30 second block time is also an attempt to try to fix a problem with many other cryptocurrencies: Transaction times. This ensures that all transactions should be completed in less than 30 seconds.
Finally, Crypto features stealth addresses which ensures that users of Crypto can (if they want to) send and receive Cryptos withouth the possibility of linking the transactions to your address, which means you can stay anonymous. The problem with many other cryptocurrencies is that when you send somebody some coins, or receive, people can link this transaction to your account and see all the transactions made by that account. If you want to read more about stealth addresses, please visit:
https://vertcoin.org/wp/stealth-addresses/Details:Crypto is designed for ASIC-recistance, dezentralazation and protection against inflation.
Cryptos’s algorithm (Lyra2RE is designed to resist the development of custom mining hardware (socalled ASIC-miners), ensuring that transactions are validated by a widely distributed network, to support the decentrelazation of the coin and protect its privacy.
The Lyra2RE algorithm was designed by the Vertcoin developers, if you want to read more please visit:
https://vertcoin.org/Vertcoin-DavidMuller.pdfTechnical details:POW Algorithm: Lyra2RE
Total amount of coins: 65789100 CTO (will be generated over the course of approximately 25 years)
Block time: 30 seconds
Block rewards (subsidy): Initially 5 CTO, reduced every 10 days (28800 blocks) with 0.00547945 CTO
Block subsidy never halves (read above)
Difficulty re-target time: 30 seconds (retarget every block with Dark Gravity Wave)
Features anonymous stealth addresses along with regular addresses.
Premine: Approx 0.025% - Now, before commenting on the premine, please read this:The premine (0.025%) of Crypto is certainly a subject that will be discussed and criticized, which of course is not without reason. However the intention of the premine is:
* Use the profit to run/improve servers, nodes, websites and hire a professional team.
* Use the profit to pay the bills of different services and developers.
* Emphasize that the Crypto team will not make any money on this project, save for the premine which will be used for improving this project. Also, the developers
themselves will have no other benefits or early access to mine the coin.
* Distribute the premine to different sources to make sure of market variety.
* Use some of the premine to pay the developers for their work.
* We want Crypto to be as decentralized as possible. Not making any money on the project save for the premine, means that Crypto will be brought forward by the entire
community, rahter than a small group of people, as Crypto will be built on the base of making a good, decentralized currency rather than making profit.
* Distribute Crypto to random people, using the giveaway to generate hype around the coin.
Get Started:Read this if you have downloaded Crypto-qt before:Previously, Crypto had an unsuccessful launch that only lasted for a few hours, and thus some of you might already have downloaded the crypto-qt. Now, it is very important that you download the new release of crypto-qt, and that you delete your old wallet - if not you will not be able to connect to the Crypto network. Do this by navigating to "run" by pressing the "windows button" and then "r". Type "%appdata%" without the apostrophes, and click on the folder "Roaming". Inside the Roaming folder, delete the folder named "Crypto" and now you can download the new wallet and start it up normally. Virus scan for the Qt file:https://www.virustotal.com/en/file/eaf61fcaccad2a5f4079ffaeab00234c16610a5574e79a06a18c34ac77e41cef/analysis/1430423270/ - Linux version
https://www.virustotal.com/en/file/790fff1c94cdda7729c128aebd8d5794faf558a1f6e928304de3c00dc7ffc030/analysis/1430419047/ - Windows version
To get started and download a wallet, please visit the official website:
http://tailflick.wix.com/official-crypto#!get-started/cc6nMiners/pools:Crypto miners using Lyra2re:GPU:
https://github.com/tpruvot/ccminer/releasesCPU:
https://github.com/tpruvot/cpuminer-multi/releasesMining pools:https://crypto.maxminers.nethttps://crypto.suprnova.cc/Social:Website:http://tailflick.wix.com/official-cryptoTwitter:https://twitter.com/officialCryptoIrc chat:https://kiwiirc.com/client/irc.freenode.net/#crypto-officialExchanges:https://c-cex.com/?p=cto-btcBlock explorers:http://cryptobe.com/chain/CryptoCoinCrypto price chart:http://worldcoinindex.com/coin/cryptoGiveaway:To increase popularity about Crypto, there will be a giveaway at the official website, where all users can obtain free Crypto, without any obligations.
Please download the wallet, and feel free to participate and earn some free CTO down below:
http://tailflick.wix.com/official-crypto#!giveaway/c4qiGithub source code:https://github.com/crypto-official/cryptoWant to know more about Crypto? Please visit the official website! (Temporary website)http://tailflick.wix.com/official-cryptoPro tip of the day:
Crypto is now on an exchange! Want to exploit the early market of Crypto?
