Vorksholk Coin: Project on hold
https://bitcointalksearch.org/topic/m.2012189The coin itself will have a block reward that increases with hashing power. While this doesn't benefit early miners as much as current alt coins, it makes the coin have a more foreseeable e future. While the details are still sketchy, I plan to program the coin to award the square root of the current difficulty times some convenient constant. For example (subject to change a TON), a block when the total network hashrate is 1MH/s would be worth one coin, however a block when the network hashrate is 2MH/s would be worth around 1.41, and a block when the network hashrate is 10MH/s would be right around 3.3. When hash rate gets to 100MH/s, the block reward is 10 coins per block.
The idea is to make coins have some hope of keeping up with increased adoption. A one-to-one ratio of hash power would cause trouble with pump-n-dump, or hyperinflation of the coin. However, increasing block reward as difficulty increases in a non-linear fashion allows the coin to not be so hard for latecomers to adopt, while still giving early adopters their fair share of earnings.
One of the ideas floating around.No coding done yet.
edit:
A new coin would be extremely hard to implement, so the view till now suggested elsewhere in some thread is a fork of FTC > LTC, with parameters adjusted, but it could easily be "51'd" on launch, considering the fact that Indian miners number in the hundreds(under 2000)
LTC: difficulty adjustment 2016 blocks
PPC/NVC: difficulty adjustment each block
I'd recommend you guys to look into a 51% attack resistant coin's fork. People have apprehensions about NVC because of the premining and subsequent destruction. NVC/BTC still trades >@.025, despite a large section(Western hemisphere) viewing it as a Russian scam.
1)Russian lineage and support.
2)PPC coins advantage: Hybrid (POS+POW):Long term efficiency + Diff Adjustment/block + Scrypt (LTC):ASIC resistance to a limit
3)Initial Checkpointing:: Additional 51% protection.
Technically the best coin in my view.
Assumption: A clean launch could easily gather support, and even external support, as people would really support a Novacoin alternative.
Just my initial views, hope to hear arguments against it.