ASIC Resistant Cryptocurrency CACHeCoin Features Accessible Mining And PoS / PoW Algorithm

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:

CACHeCoin thread on bitcointalk:

To trade CACHe for Bitcoin:

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

Related News

Vertcoin Introduces New POW Algorithm, Promises ASIC-Free Features

Vertcoin developers recently released a whitepaper that describes a roadmap to their new POW algorithm - Lyra2RE. As mentioned in the paper, Lyra2RE is a NIST5 based chain algorithm whose sole aim is to reduce miners' dependency on ASIC machines. The proposed algorithm somewhat adds up to the "anti-ASIC" campaign Vertcoin launched alongside its release in January 2014. The coin's development team therefore has a strong emphasis on implementing Lyra2E over their previous POW algorithm Scrypt-N. The latter's ASICs are already available in the market. Lyra2RE takes inspiration from the....

Another Anti-ASIC Cryptocurrency Launched

Days after Vertcoin forked its network to implement an anti-ASIC algorithm Lyra2RE, another cryptocurrency with similar objectives was launched. Named as Kryptohash, the new altcoin is promising new features against ASIC mining, one among which is a brand new POW algorithm. KSHAKE320 - The New POW Algorithm. The new algorithm is aiming to reduce mining costs by completely eradicating ASICs from the picture. A small description of KSHAKE320 describes it as a "new Proof-Of-Work algorithm (POW) based on the Keccak-F 1600 Sponge function in a mode called Extendable-Output (a.k.a. SHAKE).....

ASIC-resistant Execoin Innovates Again

Execoin is progressing rapidly up the ladder of altcoin success, a month after its official release. The coin is a member of the family of ASIC-resistant altcoins that have adopted a defiant stance against scrypt ASIC mining. The formation of a GPU-only strain of altcoin pre-empts the market-shaking effects of the looming scrypt ASIC invasion and these altcoins have positioned themselves for the changes that are about to sweep across the cryptocurrency domain. Disclaimer. It should be mentioned at the outset that the writer has some bias in favour of Execoin, namely operation of mining....

The Death of Litecoin: Boom, Bust and Self-Destruction

Litecoin, the world's third largest cryptocurrency ($ 137,703,781 in marketcap) created in October 2011 by Former Google Engineer and current Coinbase Director of Engineering Charles Lee was popular among digital currency miners due to its implementation of a unique ASIC resistant proof of work algorithm called s-crypt (scrypt). ASIC stands for Application Specific Integrated Circuit and is used by miners to verify hashed transactions on litecoin and bitcoin networks. Due to the network's resistance to ASIC products, the number of miners rapidly increased and litecoin thrived for the past....

Vertcoin Announces Hardfork to Implement Lyra2RE

Vertcoin recently announced the hardfork to implement Lyra2RE - a NIST5 based chain algorithm designed to resist ASIC mining. As per the available reports, the new POW algorithm will be executed approximately on December 16th at block 208301. The Vertcoin users are already provided with all the necessary download links of Linux binaries, source core, Python module, etc. on the coin's website to ensure a smooth execution of Lyra2RE. Users will also be required to upgrade their current wallets, which will be launched alongside the new algorithm. Why Lyra2RE? The reason behind the Vertcoin....