GoldCoin Talk
Main Category => GoldCoin Discussion => Topic started by: signedkate on November 30, 2013, 04:32:00 AM
-
Hello members of GoldCoin Community!
We would like to announce that GoldCoin has finally been added on www.coinwik.org.
Please see this page for quick info on GoldCoin:
http://coinwik.org/GoldCoin
We would also appreciate it if there are any corrections and suggestions that you can provide.
Just click on the 'Discussion' link and then 'Add Topic' to leave you feedback on this page:
http://coinwik.org/Talk:GoldCoin
Thank you.
-
Launched: June 11, 2013
By: MicroGuy (a username on bitcointalk)
Type: POW Scrypt
Supply: 123,423,900 coins
Speed: 2 minutes
Retarget: 60 blocks
Reward:
Reduction:
Premined: 0
Fees: {{{fee}}}
Website: http://gldcoin.com/
Microguy is the adminstrator and no one knows who is the real starter/creator even to microguy, All the devs are joined in june. So the creator is unknown and inactive(maybe).
Reward per block : 45 coins.
Fee per rpc transaction (the daemon sendfrom command) : 0.1GLD
And goldcoin is started in or around may (don't know accurately.)
Thats what i can correct and thats what i know.
-Thanks-
-
Goldcoin original develloper was called gldcoin.
GoldCoin was released in May 2013 via an open-source client on GitHub
GoldCoin offers four key differences from Bitcoin, which its developers hope will make it better than Bitcoin.
* The GoldCoin network currently has a block target time of 2.0 minutes, rather than Bitcoin's 10 minutes.
* The network difficulty adjusts every 60 blocks according to hashing power available. Bitcoin difficulty adjust every 2016 blocks
* GoldCoin uses scrypt in its proof-of-work algorithm: a sequential memory-hard function first conceived by Colin Percival.
* GoldCoin network will produce 123,423,900 coins and Bitcoin network will produce 21 million coins.
Reward blocks and transactions
Reward blocks:
Blocks 1 – 200 = 10,000 GLD.
Blocks 201 – 2,000 = 1,000 GLD.
Blocks 2,001 – 44,999 = 500 GLD.
Starting Block 45,000 rewards drops to 45 GLD.
Reward is then reduced each year using the following formula: 50 divided by (1.1 + 0.49*every year there after).
Total Blocks: Block Reward ends in year 2113, transaction fees still apply.
Transactions:
2.5 minute block targets up till block 45000
2 minute block targets there after
504 blocks per difficulty retarget up to block 45000
60 blocks per difficulty retarget thereafter
Proof-of-work
GoldCoin's major distinguishing feature is that it uses scrypt for proof-of-work.
-
Pretty neat having a Wikipedia page but it is currently empty for me. Are we just waiting for MicroGuy to have a chance to update it with the info posted in this topic?
-
Pretty neat having a Wikipedia page but it is currently empty for me. Are we just waiting for MicroGuy to have a chance to update it with the info posted in this topic?
Greetings!
Generally encyclopedic reference articles are best written by those with objective viewpoints. Therefore it is best for someone other than myself to author such a document. :)
Of course, if anyone has any questions, please feel free to ask. :D