Great, here is updated profile for CGB - I will PM you as well BitJohn.
Cryptogenic Bullion Description
Released in late June 2013, Cryptogenic Bullion was designed primarily for the purpose of storing wealth. Cryptogenic Bullion is a second-generation crypto-currency that emulates the properties and supply of gold. It’s the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is a descendant of Bitcoin, but employs an advanced security model, which is more efficient and more secure than Bitcoin. The problems of today’s debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion.
While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements, which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% annual interest on funds left unspent in their wallets for at least 30 days.
Cryptogenic Bullion Specifications
• Proof of Work/Proof of Stake Hybrid
• Algorithm: Scrypt
• Linear difficulty retarget (every 2 blocks)
• 6 Confirmations
• 60 Second block time
• 1.5% Annual interest earned via PoS
• PoW subsidy halving after every 50k blocks until perpetual reward of 0.01
• Target ~1,000,000 CGB
• 0.5% PoW & 1.5% PoS inflation
• Launched June 2013
Cryptogenic Bullion Description
Released in late June 2013, Cryptogenic Bullion was designed primarily for the purpose of storing wealth. Cryptogenic Bullion is a second-generation crypto-currency that emulates the properties and supply of gold. It’s the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is a descendant of Bitcoin, but employs an advanced security model, which is more efficient and more secure than Bitcoin. The problems of today’s debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion.
While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements, which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% annual interest on funds left unspent in their wallets for at least 30 days.
Cryptogenic Bullion Specifications
• Proof of Work/Proof of Stake Hybrid
• Algorithm: Scrypt
• Linear difficulty retarget (every 2 blocks)
• 6 Confirmations
• 60 Second block time
• 1.5% Annual interest earned via PoS
• PoW subsidy halving after every 50k blocks until perpetual reward of 0.01
• Target ~1,000,000 CGB
• 0.5% PoW & 1.5% PoS inflation
• Launched June 2013
Updated can take about 60 minutes to propagate.
