Advertise with us (we do not endorse any site advertised)

Author Topic: ShaCoin - The Unorthodox Crypto Currency  (Read 2471 times)

0 Members and 1 Guest are viewing this topic.

Offline max00355Topic starter

  • Newbie
  • Joined: Nov 2013
  • Posts: 1
  • Karma: +0/-0
    • View Profile
ShaCoin - The Unorthodox Crypto Currency
« on: December 11, 2013, 12:09:02 AM »
About ShaCoin

ShaCoin is a new Crypto Currency that I have been working on that looks to take a different approach to the idea of the Crypto Currency. ShaCoin is a fork of my previous project zCoin. ShaCoin was created in order to improve on the concept of zCoin while still keeping the zCoin idea.

How is ShaCoin different from everything else?


Now you are probably wondering how ShaCoin is different from say, Bitcoin, or Litecoin. Well let me explain.

  • ShaCoin does not use blocks, ShaCoin uses bruteforce to mine coins using the HashCash method. As a result, mining can actually be done offline, but pools as they exist now can not be used.
  • ShaCoin difficulty levels are not dynamic in the same way Bitcoin difficulties are. As more coins are generated the difficulty of ShaCoin increases at a steady rate, by one level, every 50500 coins.
  • ShaCoin miners play no real important role in the network
  • The network is kept alive by volunteer "Relay Nodes"
  • As the difficulty increases so does the reward for mining. At the current difficulty of 5 the reward for finding the correct hash is 0.0000001 That is multiplied by ten every level (as you could imagine mining right now is incredibly easy)
  • ShaCoin uses Sha512 for it's hashes
A bit weird isn't it? I told you it was different.

How can I get ShaCoin?

If you are interested in trying out ShaCoin you can find the official github here, newbielink:https://github.com/Max00355/ShaCoin [nonactive]

I will post some more download links below

GitHub: newbielink:https://github.com/Max00355/ShaCoin [nonactive]
Direct Download: newbielink:https://github.com/Max00355/ShaCoin/archive/master.zip [nonactive]Windows Bin: newbielink:https://github.com/Max00355/ShaCoin/blob/master/bin/miner.exe [nonactive]Windows Bin (miner): newbielink:https://github.com/Max00355/ShaCoin/blob/master/bin/miner.exe [nonactive]
« Last Edit: December 11, 2013, 12:10:53 AM by max00355 »


 

GLDcoin - another crypto currency

Started by iBits

Replies: 1
Views: 4140
Last post May 18, 2013, 07:36:47 AM
by iBits
How to create your own crypto currency

Started by s_matysik

Replies: 1
Views: 3518
Last post December 05, 2013, 08:01:27 PM
by odyssey
NoFiatCoin | XNF; Crypto currency backed by bullion (Gold & Silver)

Started by digitalpro

Replies: 1
Views: 2330
Last post January 27, 2014, 06:04:54 PM
by hardsome
NEW COIN LAUNCH- 38COIN- THE CRYPTO CURRENCY OF THE FUTURE!

Started by 38coin

Replies: 0
Views: 2134
Last post June 17, 2014, 03:37:10 PM
by 38coin
ONECOIN: new crypto currency supported with Gold Coins

Started by svsinvest

Replies: 1
Views: 11433
Last post April 01, 2015, 08:30:33 AM
by svsinvest

your ads here