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Author Topic: Cryptsy's coin descriptions are outdated...  (Read 886 times)
Lorenzo (OP)
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November 23, 2014, 04:45:39 AM
 #1

Just noticed this the other day. Here is their description for Litecoin:



And for NXT:

BitJohn
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November 23, 2014, 10:11:46 AM
 #2

Coin descriptions require lots of man hours to keep up to date. I will gladly update any coin description if a development team submits a new one to me.
elambert
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November 23, 2014, 11:13:13 AM
 #3

Great, here is updated profile for CGB - I will PM you as well BitJohn.



Cryptogenic Bullion Description
Released in late June 2013, Cryptogenic Bullion was designed primarily for the purpose of storing wealth. Cryptogenic Bullion is a second-generation crypto-currency that emulates the properties and supply of gold. It’s the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is a descendant of Bitcoin, but employs an advanced security model, which is more efficient and more secure than Bitcoin. The problems of today’s debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion.

While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements, which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% annual interest on funds left unspent in their wallets for at least 30 days.

Cryptogenic Bullion Specifications
•   Proof of Work/Proof of Stake Hybrid
•   Algorithm: Scrypt
•   Linear difficulty retarget (every 2 blocks)
•   6 Confirmations
•   60 Second block time
•   1.5% Annual interest earned via PoS
•   PoW subsidy halving after every 50k blocks until perpetual reward of 0.01
•   Target ~1,000,000 CGB
•   0.5% PoW & 1.5% PoS inflation
•   Launched June 2013
BitJohn
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November 23, 2014, 11:20:43 AM
 #4

Great, here is updated profile for CGB - I will PM you as well BitJohn.



Cryptogenic Bullion Description
Released in late June 2013, Cryptogenic Bullion was designed primarily for the purpose of storing wealth. Cryptogenic Bullion is a second-generation crypto-currency that emulates the properties and supply of gold. It’s the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is a descendant of Bitcoin, but employs an advanced security model, which is more efficient and more secure than Bitcoin. The problems of today’s debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion.

While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements, which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% annual interest on funds left unspent in their wallets for at least 30 days.

Cryptogenic Bullion Specifications
•   Proof of Work/Proof of Stake Hybrid
•   Algorithm: Scrypt
•   Linear difficulty retarget (every 2 blocks)
•   6 Confirmations
•   60 Second block time
•   1.5% Annual interest earned via PoS
•   PoW subsidy halving after every 50k blocks until perpetual reward of 0.01
•   Target ~1,000,000 CGB
•   0.5% PoW & 1.5% PoS inflation
•   Launched June 2013


Updated can take about 60 minutes to propagate.
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