Guys, can u tell me plz, what's the benefits of ur coins, but not on the "press release" language?
You're in luck, there's a
READMEWhat is SlimCoin?
Slimcoin (abbreviated SLM), is the first known cryptocurrency designed as a combined proof-of-burn/proof-of-stake/proof-of-work system. It can be mined using a special Dcrypt algorithm.
SlimCoin is unique for using the Proof of Burn algorithm. This algorithm rewards the destruction of coins by sending them to an unspendable address. It can be described as a long-term investment rewarding variant of Proof of Stake and has interesting economical implications - see the resources below for details.
The Dcrypt algorithm is extremely anti-ASIC and currently can only be mined with a CPU. It is made so mining with hardware will be inefficient in the future, given the intensity of this algorithm, thus forcing the users to mine through the proof-of-stake and proof-of-burn. Thus, with SlimCoin energy consumption would decrease over time as proof-of-work blocks become less rewarding and coin generation becomes increasingly based on proof-of-stake block generation.
Slimcoin's codebase is build upon Bitcoin and Peercoin.
Cheers
Graham