What is Emerald?
Emerald is an innovative new alt coin. It is a Litecoin clone, so it uses scrypt for mining. Emerald uses a relative fast 20 second block time for continuously releasing the coins to miners.
The block reward is 5 emeralds per block, will be halved every 2 block years. Total emeralds released will be 31,499,000. Difficulty will be re-targeted every block hour, or every 180 blocks, it ensures a relative fast difficulty adjustment to the network hash power. Emerald has a 3 confirmations for transaction (so a fast average 1 minute transaction confirmation), and 50-confirmation maturity for newly mined coins.
To start the emerald in a fair launch, the blocks below 400 do not give any emeralds. Then by each 300 blocks, the payout will be 1, 2, 3 and 4 emeralds (that is, blocks 401-700 pay 1 emerald each, blocks 701-1000 pay 2 emeralds each, blocks 1001-1300 pay 3 emeralds each, and blocks 1301-1600 pay 4 emeralds each). Starting from block 1601, full 5 emeralds are given by each block.Release date: June 16th, 2013
- Ports: Connection port is 12127, and RPC-port 12128.
- The block reward is 5 emeralds per block
- halved every 2 block years
- Total emeralds released will be 31,499,000
- Difficulty will be re-targeted every block hour, or every 180 blocks