Earthcoin Technical details

admin

Earthcoin Technical details:

    Scrypt hashing algorithm

    Proof of Work (POW) mining

    60 seconds block target

    Difficulty retarget after each block

    Total coins will be 13.5 billion coins

    5 confirmations per transaction

    50 confirmations per minted block

    Supports transaction messages

    Normal block reward on average 10,000 EAC, varies seasonly

    Superblocks every 14 and 31 day

    Block payout is halved every year, minimum payout of 1 EAC per block

    The default ports are 35677 (Connect) and 15678 (RPC)


Transaction speed
The mechanism behind EarthCoin which is based on peer-to-peer, allows transactions to happen very quickly. This means that once you pay or get payed with EarthCoin, the time taken to see the money transferred is equal or sometimes faster than the avarege debit card. EarthCoin promotes transaction times of approximatly 30 seconds where it is actually closer to 10-15 seconds which is nowadays regarded as being instant. The true strength behind this speed is the abillity to use it in any store in the near future with the same feel of speed as the currency you hold today.