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fantomcoin

FCN

FantomCoin

Algorithm:

What is FantomCoin?

FantomCoin supporting merged mining with Bytecoin (BCN) or BitMonero (BMR). New blockchain needs no additional hashpower – it uses Bytecoin/BCN or BitMonero/BMR blocks or shares as PoW. Miners are free to choose “donor” chain they like. In case other chains based on CryptoNote will appear they also can be used as “donor” chains.

Release date: May 6th, 2014

Specifications

  • PoW algorithm: CryptoNight (64-bit CPU-only);
  • 60 sec blocks;
  • emission curve 22 => 50% coins will be emitted in 6 years;
  • block reward decreases according to the formula (264 - 1 - A)*2-22*10-12 where A = supply mined to date;
  • difficulty retargets every block;
  • merged mining with Bytecoin (BCN) or BitMonero (BMR)
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