VoxCoin Back to the good pure POW Algo

Comming Soon: 30th Dec 2017

Join our community, VOX available on Discord:

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What is VoxCoin?

VoxCoin is a peer-to-peer cryptocurrency with a distributed, decentralized public ledger similar to Bitcoin. VoxCoin uses a proof-of-Work system and is open-source.

Voxcoin is the result of some of us who joined together on Discord in an effort to create a new real alternative currency similar to Bitcoin & Litecoin. We wanted to make a coin that is faster then Bitcoin.

Many Altcoins have come and gone. Some brought innovation, but they all had problems.

We want the best innovations of Bitcoin and other currencies to create a coin with all of their benefits, but without any of their problems.

Proof of Work

VoxCoin will use "Scrypt" proof of work. Using Scrypt allows one to mine VoxCOin while also mining Litecoin.

Premines

VoxcCoin will come with "0" premined coins.

We believe a coin needs to be released in a fair manner. Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin. Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Fast Transactions

Although we know that fast confirmations are not necessarily as secure as Bitcoin's slower confirmations, they are very convenient for small merchants who don't need transactions to be super secure. The average VoxCoin block takes 2 minutes, one fifth of Bitcoin's 10 minutes. So if merchants wanted to be as safe as Bitcoin, they can wait for 4 times the number of Litecoin confirmations as compared to Bitcoin. But most merchants can readily accept 1-confirmed transactions for small amounts of litecoins.

Difficulty Retarget

We will keep the retarget block the same as Bitcoin's 2016, but because blocks are found 5 times faster, difficulty will retarget about every 3 days. The combination of fast retarget times and Scrypt proof of work (VoxCoin will not compete with Bitcoin for miners) means we do not expect to see the sort of problem that many coins encountered; hashing power that leaves more suddenly than it came, causing a high difficulty slog for everyone who stayed.

Coin Generation

Miners will generate 50 coins per block. In light of our faster blocks, to properly mimic Bitcoin's generation trajectory, we needed to change the blocks at which coin generation is halved. Bitcoin generation is halved every 210,000 blocks. VoxCoin generation will be halved every 740,000 blocks. For those of you doing the math, VoxCoin is scheduled to produce roughly 3.5 times as many coins as Bitcoin, about 74 million VoxCoins.

51% attack

The problem with alternative currencies is that the network hashrate is likely low when the coin starts up, making an easy target for any potential 51% attacker. With a little hope, and good luck, a lot of hype, and due to our fair release, we hope a large hashrate from minute one. We believe this will deter any attackers from targeting this our chain.

https://i.imgur.com/7QcD0Ez.png

Wallets will be available on Windows - Linux - MacOS - Raspberry Wallets available below

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https://i.imgur.com/7QcD0Ez.png

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