Author

Topic: Requesting Altcoin to be made (Read 480 times)

b!z
legendary
Activity: 1582
Merit: 1010
January 14, 2014, 06:29:53 AM
#3
Let him do what he wants Wink

Bitcoin is the best coin.
hero member
Activity: 490
Merit: 500
January 14, 2014, 12:46:09 AM
#2
SHA-256 seems not to be a good idea.
full member
Activity: 120
Merit: 100
January 14, 2014, 12:42:05 AM
#1
One block every 30 minutes. Difficulty retarget every 330 blocks. SHA-256 hashcash. Maximum block size is 512 kb. Minimum difficulty is 100.

Block reward will be re-targeted every 330 blocks. Initial block reward is 1 coin for the first 330 blocks. The equation for the block reward will be the (difficulty/1.02225^(blocknumber/330))^.42. Each coin is divisible to the thousandth place. Block reward is capped at 3,000 coins per block.

The minimum transaction fee to forward to a different node will be 0.0002*block reward per kb rounded up to the nearest thousandth.

The sanity check for maximum coins per block is changed to ten trillion. Maximum coins in a transaction is one trillion.

Block header changes/additions: transactionfee_per_kb_vote (4 bytes, does nothing for now), blockreward (4 bytes, affects the block reward), and nonce is increased to a 64-bit value.

Client changes: Under the file menu, one can click on load bootstrap, which would open a ... file browser (I think is the term, please correct me if I'm wrong), and through that a bootstrap file can be selected. The bootstrap file extension will be changed from ".dat" to ".ledger".
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