Fork taking place at 1566.
1. Memory intensive hashing - Scrypt - 64MB per thread minimum
2. 6 Minute Blocks
3. Initial Block Subsidy of 24 Coins. Reduced by 5% every 7 days.
4. Minimum Block Subsidy of 0.125 Coins*
5. Grant System
6. Based on 0.8.3 Bitcoin source
7. No Premine
8. 40 Block instamine
9. Total Coin Supply 1 Million in the first 2 years, 20,000 per year thereafter
Windows Executable - Fork 1566 capable
https://docs.google.com/file/d/0B-5Ax5kejTpMemdkYkVXcXJZVU0/edit?usp=sharingClick on the start.bat file to start in mining mode.
To connect to the seed node, Help->Debug Window->Console, type
addnode 180.183.154.90 add
addnode 24.6.21.198 add
addnode 79.113.210.220 add
Network port: 8555
To improve speed and connectivity, open port 8555 on your router
Block Viewer
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http://memorycoin.21stcenturymoneytalk.org/-Thanks to 21st Century Money for setup and maintenance.
Coin Issue
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Reduction of 5% each week. 90% of coins issued in first year. 10% issued in second year. ~2% a year thereafter
Grant Awards
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Every 20 blocks (Starting at block 40), 5 grants are awarded. The grant sizes are of the same size as the block reward.
Coin holders vote as to which address receives the grants.
Grant Voting
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All addresses beginning MVTExEx are eligible to receive grants providing they receive enough votes.
x must be a number between 1 and 9, and the lowercase letter o represents 0.
The amount of the grant that the address is eligible to receive is based on these numbers. examples
a MVTE3E2 is eligible to receive a grant of 3x10^2 = 300
a MVTE8Eo is eligible to receive a grant of 8x10^0 = 8
MVTEoEo is a special code meaning the grant is open ended.
To vote for a grant, send a small amount of coin to the address.
For example, to vote for the MemoryCoin Foundation, send 10 satoshis to
MVTEoEoXmYzFydRfg5uNJRewt9tZ329fAN
Try that now. Wink
You should vote for grants in order of preference.
Lower amounts represent higher preferences . . . so your highest preference should get 1 satoshi, but usually you'll want to leave some slots open above, so if you have a different higher preference later, you can change it easily.
Grants are awarded every 20 blocks using a STV voting system.
You can generate your own grant addresses using vanitygen - click on the batch files in the vanitygen directory of the download to make your own grant address. It will be place in the 'grantawardkkey.txt' file
Once you've created an address, create a proposal of what you intend to do with the funds, and ask other coin owners to vote for your proposal.
Grant awards to MVTEoEo addresses are awarded immediately. Other types of grant awards cumulate until they reach the threshold. A small amount of satoshi is sent to the address each time a vote is won before the threshold is reached.
You should only use one key per wallet when you use the voting system in MemoryCoin.
Request for Grant Proposals
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If you're stuck for ideas, have a look here
https://bitcointalk.org/index.php?topic=267877.0Github source here - source should be in the main repository now, not in a tree
https://github.com/memorycoin/memorycoinMemoryCoin has two big changes to Bitcoin including large code addition, but it has been running stable for a few days now. Unlikely to require any major changes or restarts now. If one is required, I'll do my best to ensure all balances remain intact.
