Post
Topic
Board Altcoin Discussion
Re: Ethicoin is coming: Ethicoin's purpose is to improve the condition of humanity
by
Ethicoin
on 31/05/2013, 22:41:11 UTC
Based on that description, it sounds...exactly like Devcoin. How will it be different from the existing currency?

This is a very good question.

Ethicoin will be different to Devcoin in a number of ways:

- Ethicoin is not designed to compete with Devcoin (it is inspired by DVC after all) but rather to complement Devcoin.

- There will be a limit of approx 80 000 000 Ethicoin's ultimately in circulation (Devcoin is virtually unlimited) this will ensure Ethicoin's retain, hold, and hopefully improve their value over time.

- Devcoin sponsors open-source projects only - Ethicoin will sponsor any project which is deemed to be beneficial to humanity on this planet (more specific criteria coming soon).

- With Ethicoin 50% of generated coins will go to the miners and 50% will go to sponsored projects (with Devcoin 90% of generated coins go to projects and 10% go the miners)

- Ethicoin will be merge mined with LTC (OK there goes one of our secrets Smiley As far as I know Ethicoin will be the first coin to achieve this.

- Ethicoin is Scrypt based

- Ethicoin will implement DVC's concept of receiver files to distribute funds to sponsored projects.

- Due to being the first coin to be merge mined with LTC,  Ethicoin will in essence amount to "free coins" for LTC miners while also helpng ensure a bright future for humanity on this planet.

Further questions are more than welcome (although I have to go soon) but we will endeavour to answer any questions as soon as possible.

If you or anyone you know may be eligible for ETC funding please email ethicoin@gmail.com