Saturday, 21 April 2012

Ixcoin

Ixcoin was announced by Thomas Nasakioto on August 10, 2011, 05:41:29 PM as a Bitcoin fork.   Each block consists of 96 coins with twice the inflation rate as Bitcoin with 21 million coins as limit - same as Bitcoin.   There was a premine of about 580 000 coins.   This eventually leads to some argument which caused the formation of i0coin, "0" supposedly to mean that there is no premine.   I guess it is some friendly competition despite the postings on the forums.  It has the features below:

  1. Shorter maturity period
  2. New blockchain
  3. New key format
Ixcoin project is here at Ixcoin Sources.   But the prices are too low and with merged mining causing the difficulty to increase too much to be profitable mining it, it is more of a byproduct of Bitcoin mining which is a pity as I find the coin very innovative.   Hopefully someone can resurrect the coins maybe make it part of the virtual currency of a popular online game for example.

2 comments:

  1. [img]http://www.bitcoinbnk.com/static/staticcollect/media/ixcoin.png[img/]

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