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Appcoin

Algorithm:

What is Appcoin?

Appcoin introduces a new 21st century digital payment method for purchasing digital applications with decentralized digital currency online, worldwide. Just like the name stands for, Appcoin is developed for the usage within growing mobile application markets that have a huge amount of daily transactions. Appcoin targets to the mobile markets and though it’s the only cryptocurrency that is specialized only on application purchases, the markets for Appcoin are incredibly big. These markets include all application models like mobile games, location-based services, market & banking services, tools, review & recommendation services, factory automation etc. According to market research firm Gartner, 102 billion apps will be downloaded in 2013 and they will generate US$26 billion, up 44.4% on 2012′s US$18 billion.

Release date: February 19th, 2014

Specifications

  • Scrypt PoW-algorithm
  • Kimoto Gravity Well
  • Confirmations: 40 blocks
  • Block rate: 60 seconds
  • 18,800,000,000 total Appcoins
  • 0.9% premine for bounties, giveaways/faucets & development expenses
  • Block rewards:
| 1-50 0 | | 50-200000 10000 | | 200001-400000 7500 | | 400001-600000 6500 | 600001-800000 6000 | 800001-1000000 5500 | 1000001-1200000 5000 | 1200001- 1600000 4500 | 1600001- 2000000 4000 | | 2000001-2400000 3500 | 2400001-2800000 3000 | 2800001-3200000 2500 | 3200001-3600000 2000 | 3600001-4000000 1500 | 4000001-4400000 1000 | | 4400001-4800000 750 | 4800001-5200000 500 | 5200001-5600000 250 | | 5600001-6000000 200 | 6000001-6400000 150 | 6400001-6800000 100 | 6800001-7200000 50 | | 7200001-7600000 25 | | 7600001-8000000 15 | | 8000001-8400000 10 |
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