Ethercoin.org -- Peer to Peer Smart Electronic Cash
Ethercoin (ETE) is a new generation of smart contract platform initiated by a group of professional and technical geeks worldwide to provide the overall scalability of layer-2 scaling in Defi world.
POW only
There must be a cost for currency issuance.we choose the energy as the cost of ETE.Pow is better than POS: dynamic and cost.all the hash power must be natively from internet: cpu, gpu, or store ability. now we choose to use ProgPOW. ProgPoW is a proof-of-work algorithm designed to close the efficency gap available to specialized ASICs. It utilizes almost all parts of commodity hardware (GPUs), and comes pretuned for the most common hardware utilized in the Ethereum network.
Deflationary Monetary Policy
Ethercoin setes up strict Deflationary Monetary Policy. ETE has a coin output mechanism similar to that of Bitcoin, i.e. the daily output will be reduced by 50% every two years.
happy mining for ever, join and enjoy.
