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TopCoin

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TopCoin

Algorithm:

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

Release date: January 27th, 2014

Specifications

  • zero-premine
  • 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)
ExchangePrice
AllCrypt no API
Comkort no API
Crypto Rush no API
Mintpal no API
SWISSCEX no API

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