What is PayCoin?
Paycoin is a fork of Novacoin/Florincoin/CosmosCoin with very fast transaction time for instant payment. It uses both Proof of Work and Proof of Stake and effectively resistant to 51% attack. The difficulty re-targeted each block. The total coins mined will be 30,000,000 coins with 3 coins per block.
Paycoin is zero premined and support short transaction message.
More interesting functions is coming in Version 1.1.
Next update v1.1:
– Stratum fix, support long-pool/getwork now.
– Chinese website.
– New icons
– Current price (will work when paycoin added to exchange), next diff estimated in Client.
– Escrow service PYC/BTC and PYC/LTC with very low fees.
Release date: August 6th, 2013
- Proof of work / Proof of stake
- Scrypt algorithm
- Support transaction message
- Fair start, no premine
- No transaction fee
- Diff re-target every block
- 3 coins per block
- 60 seconds block time
- 5 confirmations for transaction
- 60 confirmations for minted blocks
- Total 30 million coins to be mined
- Port: Connection: 9288 and RPC Port: 9289