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Author Topic: [General Information] Memorycoin 2.0 [Previous Announcement Thread](Archived)  (Read 1436 times)

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Offline Delinquency

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MemoryCoin 2.0

Windows Binary (Wallet/Miner)

Proof of Work
The Proof of Work is a modified Momentum based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better. Each hash requires 1GB of Memory to perform and encrypts 50GB of data. By contrast, the verification only requires 128K and less than one 10th of a second.


The miner included with MemoryCoin-qt will take advantage of AES-NI instruction sets.
Note - you might need to enable AES-NI in your BIOS - some manufacturers ship with it disabled.
Mining rate will be proportional to your CPU's AES encryption ability - here's a good chart -

How does Voting Work? - https://bitsharestalk.org/index.php?topic=1445.msg15595#msg15595
The blockchain is Looking to hire - https://bitsharestalk.org/index.php?topic=1445.msg15597#msg15597

POW Hash: Momentum (64K XOR AES-CBC x 50) with SHA512 Generation
Block target: 6 minutes
Port: 1968
Codebase: ProtoShares 0.8.6 (Bitcoin 0.8.5)
Block reward: 280 MMC, 5% reduction every 1680 blocks
Total Coins: 10 Million coins in the first 2 years, 2% inflation thereafter
Difficulty Retargeting: Every block, based on the previous 20 blocks

There is a total premine of ~7.3% distributed over a wide range of addresses, comprised of two parts,
~6.2% - MemoryCoin Beta
All balances from the original MemoryCoin as at block 8820 are transferred into the new blockchain at Block 1. MemoryCoin 2.0 has 10 million coins so there is a significant dilution. This dilution does not apply to MCF supporters. You can import your balance by using your old wallet with the new blockchain.

~1.12% - ProtoShares Holders
ProtoShares owners as at Block 32000 will receive a distribution at a rate of 1 MMC for each 10PTS. With around 1 Million PTS issued, there will be 100,000MMC distributed in this way, and PTS owners will cumulatively have a 1% stake in MemoryCoin at launch.  You can import your balance by using your ProtoShares wallet with MemoryCoin. It is recommend that you transfer your balance to a fresh MemoryCoin wallet after import.

Based on the ProtoShares code base, which is based on Bitcoin 0.8.5

Block Explorer

http://www.memorycoin.org/ - Homepage of MMC 2.0
« Last Edit: December 14, 2014, 08:51:22 PM by Delinquency »