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eternalcoin

ETC

EternalCoin

Algorithm:

What is EternalCoin?

All coins will be mined within the first 2 and a half years. After this, we will begin to experiment with the minimum transactions fees. There are already nominal transaction fees set in place.

Release date: January 20th, 2014

Specifications

  • Encryption: Scrypt
  • Target Block Time: 3 minutes (1.5 minutes after block 11,800)
  • Difficulty Calculation: every 10 blocks (Kimoto Gravity Well after block 11,800)
  • Confirmations: 1 for transaction (allows individuals to use better judgement), 28 for mined block.
  • Total Number of Coins: 210,000,000
  • Block Reward: 500 ETC (250 ETC after block 11,800)
  • Block reward will not change.
  • Pre-Mine: 1,300,000 ETC (600,000 of which, will be awarded through bounties, 50,000 will be given away on launch to 50 people)
  • 300,000 ETC+ has already been given out through Bounties, The initial giveaway, and tips
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