What is Blakecoin?
Blakecoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Blakecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Forked from Bitcoin reference wallet 0.8.5
Blake-256(optimized) faster than Scrypt and faster than SHA-256 in Sphlib C code
The algorithm was written as a candidate for SHA-3, Based on round one candidate code from the Sphlib 2.1 library and reduced the round function to 8 rounds.Release date: February 24th, 2014
- Block reward is 25 coin + inflation (square root of (difficulty + block height))
- No halfing of block reward
- Cap in place to reduce the difficulty jumps upwards
- Block target time is 3 minutes and retargets every hour
- 7 Billion coins
- Block maturity 120