Description:
Based on PPCoin. More focused on the production of coins by PoS than PoW.
Mining has a bonus on the interval 1-512 difficulty for high initial issue of coins.
Further difficulty will gradually increase, making PoS mining more promising.
EMC established as the local currency of a number of Internet projects (social networks, research projects, networking, games) as well as to support and sponsor hightech projects (robotics, electric vehicles, submersibles).
Of course, EMC is available for any cryptocurrency operations.
There will be no pre-mining. Binaries and sources will be available on December 10 2013 (18-00) Moscow (+3 GMT).
Total coins: 1 * 10^9 EMC
PoW block spacing changes from 10 seconds to 10 minutes depending on number of found blocks and difficulty.
Award for block is 5020 EMC ( decreases depending on difficulty)
Introducing the new service - Emerfor.org
While this prototype distributes 10 EMC anyone who comes with a unique address IP.
But the main idea - sponsoring the project Folding @ Home using a crypto-currency.
There are two new features which have no analogues in Bitcoin, Peercoin:
deletetransaction
Deletes transaction from wallet.dat and memory pool.
Does not delete transaction from blockchain,
affects local wallet/mempool only.
Command useful for delete unconfirmed transaction from a wallet.
Unconfirmed transaction can happening as minting/mining collision result,
or frozen transaction in the orphaned block(s).
When transaction deleted, it’s inputs restored back to unspent
status in the local wallet.
If some confirmed transaction has been deleted, you can restore it in the wallet
by run emercoin program with option -rescan.
gettxlistfor [type=0] [verbose=0]
This feature allows you to get extended statistics on transactions of any EMC-address.
In fact, we did built blockchain-explorer allows you to chain analysis blocks.
The parameter “type”: 0 - show all sent and received transaction 1 - only received 2 - only sent (default = 0)
Option “Verbose”: 1 - show details with the transaction amount, 0 - only TX ID transaction (default = 0)