Logos - Just Launched

http://www.logoscoin.org/wp-content/uploads/2014/05/forumimg2.png

Technical details:

Logos (short for Local Gold Standard) is an ASIC resistant, strongly decentralized cryptographic multi-signature coin.

Logos is based on the Vertcoin Scrypt-Adaptive-Nfactor algorithm, making Logos one of the most secure crypo-currencies in the world. The algorithm is the least vulnerable to a 51 percent attack.

Technical specifications:

Algorithm: Scrypt-Adaptive-Nfactor
Block time: 1 minute
Difficulty refactor: Re-targets every block (Kimotos Gravity Well, KGW)
Maximum coins: 2,000,000,000,000
Mining launch date: 20 May 2014
Logos decimal points: two decimal points
Currency code: LGS

The short block generation time ensures confirmation of Logos transactions within 1 to 2 minutes.

To ensure continued transaction verification by miners the Logos block rewards increase on a quarterly basis over the next two years.

Number of Logos per block:

Block 1: LGS 1,750,000.0M
Blocks 20 May to 30 June 2014: LGS 10,000
Blocks 1 July to 30 September 2014: LGS 12,000
Blocks 1 October to 31 December 2014: LGS 20,000
Blocks 1 January to 31 March 2015: LGS 25,000
Blocks 1 April to 30 June 2015: LGS 30,000
Blocks 1 July to 30 September 2015: LGS 35,000
Blocks 1 October to 31 December 2015: LGS 40,000
Blocks 1 January to 31 March 2016: LGS 45,000
Blocks after 1 April 2016: LGS 50,000

Block 1: The Logos Funds

Logos Environmental Fund: LGS 250,000.0M
Logos Seeding Fund: LGS 600,000.0M
Logos Supporting Fund: LGS 600,000.0M
Logos Development Fund: LGS 100,000.0M
Logos Integration Fund: LGS 100,000.0M
Logos Marketing Fund: LGS 100,000.0M
=Total: LGS 1,750,000.0M

Links:

SITE: WWW.LOGOSCOIN.ORG
WALLET: WINDOWS - LINUX - MAC
FORUM: WWW.LOGOSFORUM.ORG
MININGPOOL: WWW.LOGOSMINING.COM
BLOCK EXPLORER: WWW.LOGOSXPLORER.INFO
COMMUNITY: FACEBOOK - TWITTER

NEWS UPDATES:

20/5/2014 - 20:25 : LGS mined until tomorrow evening and during Test mining During after launch testing will be transferred to seeding fund. We will provide you with transaction ID ASAP.

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