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MLC

Milancoin

Algorithm:

What is Milancoin?

MilanCoin is a fork of YaCoin (arguably one of the most elegant Crypto-coin designs) with changes to guarantee long-term resistance against GPU and ASIC mining. Milancoin offers quick transactions through a secure mining network. 120 confirmations on mined coins and 6 block confirmations on sent coins or 12 minutes. MilanCoin has a base block reward of 25 coins that depends on the difficulty. The difficulty is also controlled by an “N-parameter” in the Scrypt key function, whose purpose is to protect the network against GPU or ASIC dominance. Incrementing N will lead to immediate hashing speed decrease. The difficulty will reflect these speed changes (i.e., the difficulty will decrease after N++) with lags. The block reward depends on difficulty so the reward will increase and more miners will be motivated to join after N++. It’s not easy to predict now but we can be sure that some waves will happen on each N++ event. Long-term GPU, FPGA and ASIC resistance. Fast transactions (send and receive payments fast). Long-term energy efficiency (via Proof-of-Stake mining). High incentive CPU-friendly Proof-of-Work miningSecure and robust (based on YaCoin code-base).

Release date: January 17th, 2014

Specifications

  • 50 000 000 total coins
  • 2 Minute Block Times
  • 120 Confirmations on Mined Coins.
  • Blocks       1 -   10,000       - 90-1600 Block Reward (each block random)
  • Blocks  10,001 -   20,000       - 80-750  Block Reward (each block random)
  • Blocks  20,001 -   25,000       - 70-300  Block Reward (each block random)
  • Blocks  25,001 -   30,000       - 60-200  Block Reward (each block random)
  • Blocks  30,001 -   45,000       - 50-125  Block Reward (each block random)
  • Blocks  35,001 -  250,000       - 40 Block Reward
  • Blocks 250,001 -  500,000       - 25 Block Reward
  • Blocks 500,001 -  750,000       - 10 Block Reward
  • Blocks 500,001 -2,000,000       - 5  Block Reward
  • Blocks 2,000,001 +              - 2  Block Reward
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