What is Galtcoin?
“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.” Sign over Galt’s Gulch
John Galt concluded he would no longer use his talents to support an over regulated, hyper taxed, war ravaged, and welfare riddled society. The famous Ayn Rand protagonist created a community where scientists, inventors, entrepreneurs and others would come together to thrive. We believe that cryptocurrency is the first step to this community.
We created a currency not controlled by any single group, by a central authority, or government. A currency that is regulated by the markets, not a select few in secret. A currency that is open, and that encourages development, investment, thrift and savings. A currency that is portable, and not dependent on imaginary lines drawn by a state. That allows for individuals to work together or on their own.
GaltCoin is limited creating scarcity, only 42,000,000 coins will ever be made. GaltCoin is based on the scrypt algorithm, making it ASIC resistant. Initially 50 coins per block will be awarded. This halves exactly every 420,000 blocks, which should by most estimates be about every 4 years.Release date: January 23rd, 2014
- 42,000,000 Coin Maximum
- Scrypt Algorithm
- 600 Second Block Rate
- Halving every 420,000 blocks