viernes, 14 de marzo de 2014

Slothcoin - The new future coin?

I recenly checked for new coins and saw an interesting one. It's called SlothCoin (Sloth) and launch will be the 17th of March. Sounds interesting? Let's read the specifications.



-The algorithm is SHA3 (not Scrypt like all coins).
-There are 100,000,000,000 coins (a lot!)

As they say:

To become a succesful currency, it has to be open to anyone and everyone. SHA3 gives us this opportunity. The SHA3 encryption algorithm is still in it's early stages and a lot of experimenting is done with it. SHA3 has proven to equalize the line between nVida and AMD video cards, to use less energy for more hashing power and to be more secure in encrypting transactions. These things are all great but, there are 2 other major advantages to SHA3.
There are no multipools currently hashing on SHA3, as it is inefficient because there are too few SHA3 coins.
There are currently no ASICS for SHA3 in development.
These 2 advantages will give us a currency that is open to anyone and a currency open to anyone will bring a lot of people into the cryptocurrency world. Whether they are here for the fun or here to make money, everyone is welcome.

SHA3 is a fast algorithm. It's easy to create them instead of crash your nVidia or AMD graphic card for solving Scrypt.


The reward system is:

Block 1-100:                              10,000 Sloth
Block 100-100,000:                     500,000 Sloth
Block 100,000-200,000:            250,000 Sloth
Block 200,000-300,000:             125,000 Sloth
Block 300,000-400,000:               62,500 Sloth
Block 400,000-500,000:               31,250 Sloth
Block 500,000-600,000:                15,625 Sloth


Looking nice. Let's wait for the launch!

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