MUSINGS OF A SHIBE PODCAST: A DOGECOIN SHOW
Boomslang Skin, Hair of person you’re turning into
HOW TO MAKE A CRYPTOCURRENCY COIN
What is the problem you are solving?
bitcoin – no centralized financial institution, zero entry barrier, transparency, no inflation
litecoin/dogecoin- same principals. faster transaction,
- The Litecoin network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes, which its developers claim allows for faster transaction confirmation. A drawback is a higher probability of orphaned blocks. Advantages can include greater resistance to a double spending attack over the same period as Bitcoin. However, total work done is a consideration. For example, if the Litecoin network has comparatively ten times less computing work done per block than the Bitcoin network the Bitcoin confirmation is around ten times harder to reverse, even though the Litecoin network is likely to add confirmation blocks at a rate four times faster.
- Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
- The Litecoin network will produce 84 million litecoins, or four times as many currency units as will be issued by the Bitcoin network.
Unlike deflationary cryptocurrencies (like Bitcoin), there is no limit to how many Dogecoins can be produced. This puts Dogecoin in the same league as other inflationary coins. According to the current production schedule, approximately 98 billion coins have been released by February 2015, with block 600,000 mined on February 25. Thereafter, approximately 5.256 billion more coins will be produced per year, in perpetuity. This represents an inflation rate of 5.256% (in 2015), that will forever decrease though (e.g. in 2025 yearly inflation rate will be 3.4%, in 2035 2.5%, etc…). During December 2013 and January 2014, Dogecoin’s developers discussed in public forums whether this should be changed, and, on February 2, 2014, Dogecoin founder Jackson Palmer announced that the supply of coins would remain uncapped
colored coins https://en.bitcoin.it/wiki/Colored_Coins
CPU Mining or ASIC
Decentralize or Not
Premined or not premined
Who is on the team
Change Tip : Hiroja Shibe
Onename: Hiroja Shibe
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