CryptoCoinsRevolution.com: Hashing algorithm Alphacoin

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Alphacoin information


alphacoin

Alphacoin (ALF) is a clone from Litecoin. There are two main differences, though. First, there’s going to be a hell of a lot more Alphacoin mined (~210 million vs. Litecoin’s 84 million). Secondly, Alphacoin’s transaction confirmation time is slightly faster than Litecoin’s. It uses scrypt and it matches network hashrate quickly and relative faster transaction confirmation time,it is a fast difficulty re-target coin.

Key differences are the number of coins – Litecoin will mint 84 million while Alphacoin will mint 210 million – and the amount of time it takes to confirm a transaction. Litecoin transactions take about 2.5 minutes to confirm; alphacoin transactions take 2 minutes. so it is actually a real-usable crypto coin in the real-life shopping and other transactions.Alphacoin as many other cryptocurrencies can be used to purchase stuff online. The main problem is finding where Alphacoin is accepted as payment.

  • Website: Alphacoin.wordpress.com
  • Algorithm: POW Scrypt
  • Maximum Supply: 210 million total coins.
  • Block Reward: 50 coins
  • Block Count: 689,606
  • Re-target every 60 blocks in 30 minutes.
  • Premined: 1000 blocks of 1000 coins
  • Fees: 1%
  • Launch Date: June 9, 2013



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