Name: Australia Cash (AUS) Algorithm (POW): Scrypt Block Reward: 50 AUS Max Total Supply: 84,000,000 Reward Halving: Every 840,000 blocks
Description
A peer to peer electronic system designed to assist the Australian Community with everyday needs. The AustraliaCash blockchain is capable of high transaction speeds. It has short block generation time aswell as short difficulty adjustment times which help the network to support many transactions, large or small. The Proof-Of-Work system relies on the Scrypt algorithm which helps deter denial of service attacks and other service abuses such as spam on the network by requiring some work from the service requester, meaning processing time by a computer, GPU or ASIC miner. Australiacash is a free open source peer-to-peer electronic system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own Australia Cash and transact directly with each other, with the help of a peer-to-peer network to check for double-spending.
Australia Cash is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.