PascalCoin started mining on 2016-08-11
This cryptocurrency is designed to doesn't need historical operations to work and control double spend or check balance, because blockchain is used to mantain a safe box with limited accounts (increasing on each new block), so when a new blockchain is generated, safe box state changes and generates a secure "Safe Box Hash".
Operations only works with the safe box, never with the blockchain, so blockchain can be deleted if you want because all balance is in the Safe Box.
Concept is fully explained at White Paper:
https://github.com/PascalCoin/PascalCoin/blob/master/PascalCoin%20White%20Paper%20-%20EN.pdfIt's name is "Pascal Coin" due it's written in Pascal language, and source code is available at GitHub:
https://github.com/PascalCoin/PascalCoinAnd also, you can download a Windows installer of the Pascal Coin miner and Explorer at SourceForge:
https://sourceforge.net/projects/pascalcoin/Specifications:
- New block each 5 minutes (average)
- Each block generates 5 accounts and a reward of 100,0000 PascalCoins (4 decimals), decreasing every 4 years (aprox)
- Target calculated in each new block by calculating previous 100 blocks time average
- Hashing method is double Sha256
- You can use Seckp256k1 , secp384r1, secp283k1 and secp521r1 for your private keys
- After a block is generated, must wait 100 new blocks before make an operation to new generated accounts
- There is no hard coded limit on operations inside a blockchain
- 3 kind of operations: Transaction (1 to 1), change key and recover founds on lost keys.
- Each operation can have a secured Payload that only receiver will be able to read
- Source code is Pascal
