Topic: [ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine (Read 3204 times)

Eeer... this was released ten months ago. 

wallet does not sync

   
[ANN][BAC]BaseCoin,New POW+POS Coin with transaction message|RARE|No Premine
September 07, 2013, 04:43:52 PM

No premine is very good for POW+POS.

Can't get any connections, did make the .conf file and placed it in the right folder.

Just quoting the post that ended everything considered Basecoin, the first alt mentioned in this sub-section. faye, try not to scare other Altcoins away with your inquiries.

hi
where can I find the white-paper of Basecoin?
Thanks

Basecoin - a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features Florincoin (transaction message).

Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.

Basecoin provides annual interest rate of 0.01%, for stakes that are not moved.

Specifications:
   - POS+POW
   - Each normal block has 1 Basecoin
   - 1 minute block time
   - Daily generation is 1440 coins, basecoin is really a rare coin.
   - Difficulty retargets every block
   - mining payout will be stable all over the lifecycle of Basecoin
   - Expected total mined coins will be 6000000 Basecoins
   - 4 confirmations for transaction
   - 50 confirmations for minted blocks
   - Support transaction message
   - Diff start at 0.01
   - The default ports are 21206(Connect) and 21207(RPC).



Official Website:
Under construction


Download:
Windows QT:
https://app.box.com/s/t15um5nlqa750wmfk9au



Source code:
https://github.com/basecoin/basecoin


Getting Started:

1. Start up Basecoin.exe, wait for it to load, then exit.
2. Put Basecoin.conf (see sample file below) in your c:/users/**yourcomputername**/AppData/Roaming/Basecoin
3. restart Basecoin-qt, and you should connect and sync.
4. For solo mining, use the mining page in Basecoin.exe and begin mining.

Sample Basecoin.conf:



Mining:
Solo mining:
- setup Basecoin.conf in %appdata%/Basecoin
- fill Basecoin.conf in the form of sample Basecoin.conf
- use cgminer in the Basecoin.exe to solo mine