This announcement taken from Bitcointalk looks interesting. This is going to be a very fast coin, wonder if it will have any problem?
Rethinking cryptocurrency from the bottom up.
testing using network simulation software has shown that 40 seconds is
the optimal block time. This allows ample time for blocks to propagate
across the entire network. It gives us fast confirmations, while
minimizing orphans and forking issues that we saw affect faster coins
like WorldCoin. Long term, it will also help keep blockchain bloat down.
Our testing has shown that a block time lower than 40 second makes a
coin unsuitable for long term stability and growth.
chosen as an encryption algorithm. Other candidates were Blue Midnight
Wish, SHA3, and Skein. After much analysis we came to the conclusion
that such algorithms make for a nice selling point, but fall short of
Scrypt in terms of securing a blockchain. Our aim is to create the best
coin possible, not lure you in with gimmicks.
We've changed the
magic number for StableCoin. What is the magic number? It's an often
overlooked, but very important, variable within the code of bitcoin.
This value affects how the entire blockchain is formatted, and is a key
factor in determining how peers are matched up over the network. Failure
to change this value opens the door to many vectors of attack. Ever
load up an coin client and have it start to download the Litecoin
blockchain? That is because the developers of that coin neglected to
change the magic number to a unique value.
Block reward is 25
coins per block, with a block target time of 40 seconds. Difficulty will
be recalculated every 90 blocks, which is much lower than other coin
releases. We choose this value for several reasons:
1) It allows the network to find it's natural difficulty much faster, ensuring a fair and accurate spread of coins.
2) It prevents blockchain stalling from ever happening. No one likes having to issue a hardfork.
want StableCoin to be a steadily mined currency, not one that is pumped
and dumped. These values will assist us in reaching that goal. A total
of 250 million coins will be minted, with block reward halving every
We believe the strongest asset a coin can have is
active, talented developers. We will be on the forum daily answering
questions and resolving issues, as well as helping to grow StableCoin by
working behind the scenes to develop and deploy services that will
StableCoin Shop is currently in development and will provide you an
outlet through which to spend your coins. Gift cards, Steam games, and
other digitally deliverable items will be offered for sale initially.
Long term plans include Amazon.com integration, allowing you to order
any item off of there. We plan on launching the shop sometime after
release, after the market plays out and determines what each StableCoin
COIN MIXING SERVICE
is a relatively anonymous protocol, but there are still several ways to
track the flow of coins and make associations. Thus, we plan on
launching a free coin mixing service for StableCoin to make it the most
anonymous coin out there. For example, a user can send in 1000 coins,
and receive back 1000 completely different coins. This will be done in
daily batches and in such a way that ensures complete anonymity. An
amount (0.5% of total coins) has been created by us to act as the basis
for this service. A small amount of these coins may be used for
giveaways and bounties, as the community sees fit.
addition to a 12 hour preannouncement, StableCoin will use the fairest
scaling reward system of any coin so far to ensure the fairest launch
possible. This is to ensure that early miners do not have an advantage
over those late to the game. Our goal is to not have a disproportionate
amount of coins created within the first 24 hours. Mined blocks will
mature after 20 blocks.
Block 0-90 0 coins
Block 90-180 1 coins
Block 180-270 2 coins
Block 270-360 3 coins
Block 360-450 6 coins
Block 450-540 8 coins
Block 540-630 12 coins
Block 630-720 15 coins
Block 720-810 18 coins
Block 810-900 22 coins
Block 900+ 25 coins