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XCoin

XCO

XCoin

Algorithm:

What is XCoin?

XCoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and will take years.

Release date: January 22nd, 2014

Specifications

  • 2.5 minute block target
  • 6 Confirms per transaction
  • Difficulty re-targets every 576.0 blocks
  • Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
  • 11 chained hashing algorithms
  • 84 million coins max
  • Premine: 0%
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