Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] [kFC] [28 hours Phase 1 IPO] Futurecoin - Groestl-Skein-SHA256 - Crypto Vesting - IPO
by
Friedman
on 17/04/2014, 22:45:37 UTC
k is a prefix it stands for kilo it would be pronounced kilo-FC.

In terms of uniqueness we have Dynamic Block Maturity (Vesting) and 3 Algorithm Mining. Both are described in the main post in more detail. Please do not hesitate to ask more questions, and remember that anon136 is doing escrow if you want it.

Question how it will be known to general populace, although the ticker probably will be less sore on KfC legal team eye.

* 3 mining algos - what good it brings, considering HVC (with 4 algos) was cracked after a week, and currently the price has tanked almost 50% below the IPO level?
* Can you explain in more details the DBM vesting? Is it like IRA or something?

3 mining algos mining currently. That means asic / cpu / gpu can all mine. For example SHA256 and skein both mine at the same time. Difficulty is independent in each algo. We do not claim GPU-proof only that the cost of developing ASICs for the other two non-ASIC algos (groestl and skein) will be cost prohibitive for the short to long term future. This structure means that more people (ASIC/GPU/CPU) can mine, we aim for inclusion not exclusion.

Vesting is done by block reward. The newly mined blocks need to be "vested" for a set period of time before they can be spent (details in main post).

Please reply if this is not clear. I am a programmer not a marketer.