What is Wecoin?
WeCoin is a decentralised peer to peer digital money based on the idea of Bitcoin, but with much improvement to security, speed and different unique economic model. It uses the new encryption standard SHA-3, instead of the previous standard SHA-2, to secure the network.Release date: March 5th, 2014
- Algorithm: Standard SHA-3 (Keccak)
- Total Coins: 100,000,000,000 WEC
- Block Time: 60 seconds
- Block Reward: 1-1,000,000 WeCoin per block, halving every ~2 months
- Difficulty: Retargeting using Kimoto Gravity Well algorithm