Features
- Progressive ASIC resistance that guarantees withstanding to newer generations of ASICs designed for scrypt algorithm
- Embedded multi-pool resistance due to different algorithm
- Kimoto Gravity Well difficulty retarget algorithm
- DNS node seeder client functionality integrated into wallet to ensure stable connection - no need to enter nodes manually
- 45 seconds average block time guarantees fast confirmation of transactions and make Execoin the fastest ASIC-resistant coin
- No premine at all
Technical Details
- Algorithm: Scrypt-Progressive-N with optimized schedule (scientific name: scrypt Salsa20/8(N, 1, 1), PBKDF2(SHA2))
- Symbol: EXE
- Max Coins: 84 million
- Block time: 45 seconds
- Subsidy: halves every 840,000 blocks (~437 days)
- Difficulty Re-Target Time: Every block (Kimoto Gravity Well)
- Block Rewards: 50 coins per block
- Premine: Absolutely no premine!
N and its corresponding N-Factor are parameters of scrypt algorithm that determine the amount of memory required for hashing functions. Original scrypt algorithm (scrypt Salsa20/8(1024, 1, 1), PBKDF2(SHA2)) uses constant N (1024) and it can withstand older ASIC miners, but with a development of new custom ASICs for original scrypt algorithm, N-factor should be increased with time to resist more powerful and specialized computing hardware. Execoin's Scrypt-Progressive-N algorithm provides this N-factor progressive increase to ensure that any possible future ASICs development will not impact security and stability of the network and Execoin will stay rare, difficult to mine currency with a stable market value in the longer run.
See Execoin Scrypt-Progressive-N schedule of N-factor increases:
TimeStamp: 1390959880; Date and Time: 28 Jan 2014 20:44; N: 2048;
TimeStamp: 1438295269; Date and Time: 30 Jul 2015 18:27; N: 4096;
TimeStamp: 1485630658; Date and Time: 28 Jan 2017 14:10; N: 8192;
TimeStamp: 1532966047; Date and Time: 30 Jul 2018 11:54; N: 16384;
TimeStamp: 1580301436; Date and Time: 29 Jan 2020 07:37; N: 32768;
TimeStamp: 1627636825; Date and Time: 30 Jul 2021 05:20; N: 65536;
TimeStamp: 1674972214; Date and Time: 29 Jan 2023 01:03; N: 131072;
TimeStamp: 1722307603; Date and Time: 29 Jul 2024 22:46; N: 262144;
TimeStamp: 1769642992; Date and Time: 28 Jan 2026 18:29; N: 524288;
TimeStamp: 1816978381; Date and Time: 30 Jul 2027 16:13; N: 1048576;
TimeStamp: 1864313770; Date and Time: 28 Jan 2029 11:56; N: 2097152;
TimeStamp: 1911649159; Date and Time: 30 Jul 2030 09:39; N: 4194304;
TimeStamp: 1958984548; Date and Time: 29 Jan 2032 05:22; N: 8388608;
TimeStamp: 2006319937; Date and Time: 30 Jul 2033 03:05; N: 16777216;
TimeStamp: 2053655326; Date and Time: 28 Jan 2035 22:48; N: 33554432;
TimeStamp: 2100990715; Date and Time: 29 Jul 2036 20:31; N: 67108864;
TimeStamp: 2148326104; Date and Time: 28 Jan 2038 16:15; N: 134217728;
TimeStamp: 2195661493; Date and Time: 30 Jul 2039 13:58; N: 268435456;
TimeStamp: 2242996882; Date and Time: 28 Jan 2041 09:41; N: 536870912;
TimeStamp: 2290332271; Date and Time: 30 Jul 2042 07:24; N: 1073741824;
TimeStamp: 2337667660; Date and Time: 29 Jan 2044 03:07; N: 2147483648;
