CryptoCoinsRevolution.com: Hashing algorithm Freicoin

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Freicoin information


Freicoin

Freicoin is a peer-to-peer (P2P) currency based on the accounting concept of a proof-of-work block chain used by Satoshi Nakamoto in the creation of Bitcoin. Unlike Bitcoin, Freicoin has a demurrage fee that ensures its circulation and bearers of the currency pay this fee automatically. This demurrage fee was proposed by Silvio Gesell to eliminate the privileged position held by money compared with capital goods, which is the underlying cause of the boom/bust business cycle and the entrenchment of the financial elite, and has been tested several times with positive results.

  • Website: Freicoin
  • Algorithm: SHA-256
  • Maximum Supply: 100 million total coins.
  • Block Reward: 147.15 coins
  • Block Count: 108,825
  • Re-target every 10 block(s) .
  • Block Time: 10.00 minute(s)
  • Launch Date: June 08, 2014



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