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Author Topic: ShaCoin - The Unorthodox Crypto Currency  (Read 4280 times)

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Offline max00355Topic starter

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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: [nonactive]

I will post some more download links below

GitHub: newbielink: [nonactive]
Direct Download: newbielink: [nonactive]Windows Bin: newbielink: [nonactive]Windows Bin (miner): newbielink: [nonactive]
« Last Edit: December 11, 2013, 12:10:53 AM by max00355 »


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