What is Skeincoin?
Skeincoin uses a new Proof of Work (POW) algorithm that is energy efficient and secure. The first round of hashing is done using Skein, the second using SHA256 (Skein-SHA2). Initially Skeincoin will only be minable using the wallet/daemon using a CPU. The algorithm is very suited to be implemented for optimised CPU, GPU, FGPA and ASIC.Release date: November 4th, 2013
- POW Hash: Skein-SHA2
- Block target: 2 minutes
- Block reward: 32 SKN, halving every year (262,800 blocks)
- No premine.
- The first 100 blocks will return a reward of 0.0001 allow miners to setup and difficulty to adjust.
- Total coins: Around 17 million
- Default RPC Port: 21230
- P2P Port: 11230