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Valuecoin

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ValueCoin

Algorithm:

What is ValueCoin?

ValueCoin is a peer-to-peer (P2P) Internet currency that enables instant payments to anyone in the world. It runs off the popular scrypt protocol which gives it unmatched stability and easy accessibility. ValueCoin uses memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Valuecoin network is scheduled to produce 133 million currency units.

Release date: August 27th, 2013

Specifications

  • Algorithm: Scrypt
  • Block Time: 30 seconds
  • Difficulty: Starts at 0
  • Fair Start Policy
  • - block 0-400: 0 coins
  • - block 401-800: 2 coins
  • - block 801-1200: 4 coins
  • - block 1201-1600: 8 coins
  • starting block 1601: 16 coins
  • Reward: 16 coins per block, halved every 4 years – Consistent rewards encourage miners to support the network long term. Loyalty is rewarded. This also reduces volatility by setting the foundation on a stable path. Due to the fair launch policy, block rewards will grow in value until they reach the 20 coins per block reward. More details below.
  • Maximum coins: ~133 million
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