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tecoin's Introduction

Tecoin

http://tecoin.net

Copyright (c) 2014 The Tecoin developers, (c) 2009-2014 Bitcoin Developers

What is Tecoin?

Tecoin is an Ultra-secure, Democratic and ASIC-resistant Crypto-currency.

For more information, as well as an immediately useable, binary version of the Tecoin client sofware, see http://tecoin.net

Innovations and contributions

  • Achieve massive adoption as a major crypto-currency
  • Provide long-term open source development, support and maintenance
  • Promote a large-scale decentralized mining community
  • Build a gigantic community of stakeholders from a diverse set backgrounds
  • Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

Goals

  • Achieve massive adoption as a major crypto-currency
  • Provide long-term open source development, support and maintenance
  • Promote a large-scale decentralized mining community
  • Build a gigantic community of stakeholders from a diverse set backgrounds
  • Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

Specifications

  • ASIC-resistant: Introduces HEFTY1 a cryptographic hash function for ASIC-resistant proof-of-work
  • Ultra-secure: combines SHA-256, Keccak-512, Grøestl-512, BLAKE-512 in a secure way
  • Block time: 2 Min
  • Retarget up: Every 5 blocks (max 100%)
  • Retarget down: Every block (max 400%)
  • Starting block reward: 0 (for first 100 blocks ~ 3.3 hours)
  • Block reward: 150 max (decentralized block reward voting)
  • Total supply: 460,000,576 to 469,521,976 TEC (depending on decentralized block reward voting)
  • Multipool protection: Temporal Retargeting

License

Bitcoin is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.

tecoin's People

Contributors

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Watchers

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