~The Alchemist Coin~
[TAC]
by
Equivalent Exchange Foundation
~The Myth~
In centuries past, if a king wanted his face on a gold coin, he had to have some gold in his treasury.
In 1677, Emperor Leopold’s gold ran out. He had nothing to pay the troops who were struggling to defend his empire against the Turks.
Then, on a day in November, a stranger arrived with an offer to solve the king’s money problems. He said he would turn silver into gold, and then tell the Emperor the secret, for a price.
The cash-strapped Emperor agreed.
The stranger arranged to perform the demonstration on the steps on the palace. According to all accounts, there was no sleight of hand. The stranger held up an ornately embossed silver medallion for the Emperor to see. He dipped it into a cauldron. And then the medallion changed from silver to gold… as if by magic.
~ The Coin~
The Alchemist Coin is a new type of decentralized currency. It is not controlled by any nation or company. Users all over the world are able to earn
The Alchemist Coin by keeping track of all the transactions occurring on the network through a process called mining. The amount of coins released each year is controlled by a set of publicly known mathematical algorithms. Unlike currencies issued by nations, no one can create
The Alchemist Coin out of thin air.
As a new user, you can get started with
The Alchemist Coin without understanding the technical details. Once you have installed the
The Alchemist Coin wallet on your computer, it will generate your first
The Alchemist Coin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa.
The Alchemist Coin makes use of the Scrypt encryption algorithm to secure the network.
~The Alchemist Coin Specs~
Proof of Work Algorithm - ScryptBlock Rate (in seconds) - 60000Initial value per block - 50Block halving rate - 210000Maximum coins - 21000000~Coming Soon~
