What is TopCoin?
TopCoin is a new generation of scrypt coin that is descendant of Litecoin.
Like Litecoin it uses scrypt as a proof of work scheme.
TopCoin uses a faster distribution scheme. Initially it provides 1 million coins per block.
The block payout halves every two days or 5760 blocks.
The minimum payout of each block will be 1 coin.
When reaching the minimum payout, the system will randomly generate bonus blocks:
– each hour there will be a 10X payout block
– each day there will be a 100X payout block
- 30 seconds block target
- Difficulty retargets each block
- Total coins will be 11.52 billion coins
- 4 confirmations for transaction, thus 2 mins fast transaction time
- 50 confirmations for minted blocks
- The default ports are 18381 (Connect) and 18382 (RPC)