ASIC Resistant Cryptocurrency CACHeCoin Features Accessible Mining And PoS / PoW Algorithm
CACHeCoin is an ASIC proof cryptographic currency similar to Bitcoin and Litecoin, which implements not only a proof-of-work (PoW) system but also a low energy proof-of-stake (PoS) algorithm to secure the network. CACHeCoin was released without any premine; early miners are therefore well-rewarded.
CACHeCoin gives users many options to choose the preferred mining strategy and can be energy efficiently staked using PoS, or mined with hashing power for those who prefer mining pools. CACHeCoin is compatible with all mining pools that support the Scrypt-Jane algorithm. CACHe is accessible for mining by the small scale miner as it is ASIC resistant, which prevents large million dollar investors from monopolizing the coin. CACHe also adjusts difficulty by implementing a logarithmic adjustment algorithm.
CACHeCoin utilizes PoS minting which generates more CACHeCoins for holders, when coins are retained in a wallet for at least 7 days. CACHeCoins´ PoS block require 520 confirmations; once the confirmations are made the staked coins become available again in the wallet. PoS is not very CPU intensive, requires no special programs and once coins have been in a CACHe wallet for at least 7 days new coins will be minted automatically. It is possible to exclude coins from PoS minting easily by using the Reservebalance setting.
With the launch of CACHeCoin a new Bitcoin alternative for the small scale miner has entered the crypto space. With versatile mining options like proof-of-Stake and Proof-of-Work together with its ASIC resistant features and no premined coins; CACHe may be a prosperous option for small scale miners and proof-of-stakers who like to be rewarded for simply holding coins in their wallet.
To learn more about CACHeCoin please go to: http://cachecoin.org/
CACHeCoin thread on bitcointalk: https://bitcointalk.org/index.php?topic=400389.0
To trade CACHe for Bitcoin:
https://www.cryptsy.com/markets/view/154
https://www.poloniex.com/exchange/BTC_CACH
Technical Specifications:
- Scrypt-Jane Coin
- No ASIC Miners
- No Premine
- Proof-of-Work and Proof-of-Stake Mining
- Block Reward: Inversely proportional to the difficulty
- Difficulty adjustment every block
- Difficulty adjustment algorithm: Logarithmic
- Target of 15 minute block generation
- Maximum of ~2 billion coins per transaction
- Block maturity: 520 confirms
- Transaction Maturity: 6 Confirms
- Coin age of stake: 7 days
- RPCPort: 2224
- Network port: 2225
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