What is GeoCoins?
GeoCoins are simple, geocaching-themed, virtual “coins.” They are designed to be easy to create, easy to collect and easy to share with your friends! At their most simple, GeoCoins will allow you to send and receive virtual GeoCoins encoded with short personal messages.
On the technical side of things, cryptographic proof-of-work provides a real-time peer to peer network of transaction verification, a “public ledger” of synchronized numbers, and unique possibilities for math-based puzzles.
GeoCoins are based on the Litecoin source-code, which is in turn based on Bitcoin. It is completely 100% free and open source, covered by the MIT License. The GeoCoin client contains a built in “mining” program that can be used to create GeoCoins on nearly any computer. QR Code Support is now included. 2.5% of GEOCOINS were premined by the developer for use with GeoCoin faucets, giveaways, and other such things.
GeoCoin was specifically designed to be worthless on purpose.Release date: September 2nd, 2013
- Scrypt Algo
- Difficulty Re-target every 20 blocks
- 33 coins per block
- 1 billion total coins
- Transaction Messages
- Block maturation 25 confirms