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November 24, 2013, 05:34:57 AM |
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I have asked the Developer to give me a proper run down on the specs and such.
But based on what I know so far...
Total Coins is 50 Million, Block time is intended to be 2 minutes.
1 of the more exciting aspects of the start of the coin is the Random Block Value. It gives good reward for the initial miners, but at the same time it is not unfairly proportioned. Additionally the Random Block value allows for Pooled mining to take a more Average Reward approach, or can Solo to aim for the larger single block pay offs.
Block 1-10,000 - 0-1600 Block Reward (each block random) Blocks 10,001-20,000 - 0-750 Block Reward (each block random) Blocks 20,001-25,000 - 0-300 Block Reward (each block random) Blocks 25,001-30,000 - 0-200 Block Reward (each block random) Blocks 30,001-45,000 - 0-125 Block Reward (each block random)
The developer also has strong intentions of extending this coin into the Chinese Market. Although a slower and more difficult market to work into, once it does take off, there will be a much larger trade and mining community as well as cross cultural collaboration for Commerce/Use of coins.
So if you asked me, is the coin scrypt itself a game changer... well comparing LTC to BTC, then probably not.
But we do intend to be pushing the community for growth, as well as reaching far and wide.
At the moment we are about a week into it. We have had a really great response in terms of Mining Hashrate, and expect this to continue. We are actively working towards getting it added to the currency exchanges, and when that does happen, that will be the big kicker, as that will also allow a lot of the Websites to also accept it.
Hope this helps to explain a little more about it and where it is headed.
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