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PayCoin

PYC

PayCoin

Algorithm:

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

Specifications

  • 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
ExchangePrice
CoinEx no API
Cryptsy 0.00001778 BTC

Pools

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