New Coin Reecoin
The People’s Coin ReeCoin is a peer-to-peer decentralized digital currency for ordinary people, easy to use and acquire. ReeCoin summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin,Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.
ReeCoin mining involves verifying transactions around the system by encrypting and decrypting transfers, carried out by other users. This process is deliberately made highly complex and time-consuming to reduce ReeCoin inflation. The complexity of each transfer's encryption increases proportionately to the number of people working on the transaction. It requires an extremely high-end computing setup, dedicated to the encryption and decryption process. These requirements have so far been sufficient to keep ReeCoin inflation in check.
To control ReeCoin inflation further, the permission of a maximum of 7 Billion ReeCoin’s was implemented into the system. This also steadily reduces ReeCoin’s generation as the total number of ReeCoin’s in circulation increases. Based on the current generation rate, it is estimated that the total number of ReeCoin’s will be created and mined in 2100.
Algorithm : Script
block generation time 90sec
7 Billion total amount of ReeCoin’s
6.650 million pre-mined350 Million PoW/PoS Almost instant transactions Low future inflation rate 1% (interest value)Maturity of blocks takes 350 blocks
Stake’s minimum age is 12 hours.
Proof-of-Work & Proof-of-Stake Stages
1st year - 2 coin’s - block
2nd year - 4 coin’s - block
3rd year - 8 coin’s - block
4th year - 10 coin’s - block
Windows wallet: https://github.com/Reecoin/Windows-Wallet
Linux wallet: https://github.com/Reecoin/Linux-Wallet
Android wallet: https://github.com/Reecoin/Android-Wallet
Block Explorer : http://reecoinexplorer.com/
Git Source: https://github.com/Reecoin/Reecoin-Project
Exchange : Yobit.net