What is StableCoin?
Extensive testing using network simulation software has shown that 40 seconds is the optimal block time. This allows ample time for blocks to propagate across the entire network. It gives us fast confirmations, while minimizing orphans and forking issues that we saw affect faster coins like WorldCoin and FastCoin. Long term, it will also help keep blockchain bloat down. Our testing has shown that a block time lower than 40 second makes a coin unsuitable for long term stability and growth. We recognize the desperate need for a fast confirming coin, and offer the sweet spot between speed and stability.
Scrypt was chosen as an encryption algorithm. Other candidates were Blue Midnight Wish, SHA3, and Skein. After much analysis we came to the conclusion that such algorithms make for a nice selling point, but fall short of Scrypt in terms of securing a blockchain. Our aim is to create the best coin possible, not lure you in with gimmicks.
Release date: June 7th, 2013
- Block reward is 25 coins per block, with a block target time of 40 seconds.
- Difficulty will be recalculated every 90 blocks, which is much lower than other coin releases.
- It allows the network to find it's natural difficulty much faster, ensuring a fair and accurate spread of coins.
- It prevents blockchain stalling from ever happening. No one likes having to issue a hardfork.
|Network hashrate||16395243 H/s|
|Adjusted ratio||127.218795141 % BTC|
|Avgerage Profit||6745.5365190741195 % BTC|
|Avgerage Hash||25294231.2269 H/s|