Description: Digitalcoin is a simple currency that keeps its value well and does not experience as much volatility as some other crypto currencies. This regard for stability is inherent in the design. It is optimized for performance and is one of the fastest ways to send and receive transactions in the world.
Reward: 20 coins per block, halved every 3 years – Consistent rewards encourage miners to support the network long term. Loyalty is rewarded. This also reduces volatility by setting the foundation on a stable path. Due to the fair launch policy, block rewards will grow in value until reaching 20 coins per block.
Maximum coins: 200,000,000
Algos: Scrypt + SHA256 + X11
First block: 2013-05-20 @ 09:57:27
Block Time: 20 sec – Minimizes orphans while providing almost instant transactions.
Difficulty: Starts at 0.00024414 – It will take 6-8 diff adjustments (or ~13000 blks) to reach desired difficulty of 1. Quick retarget to adjust and preserve stability. Miners should find the system adjusting fast enough to be up to date, but not so fast as to make the environment unstable. 6 hrs is target time. Every 1080 blocks (6 hrs @ 20 sec per block), the network scales the difficulty accordingly.
Example: If target is 6 hours and it took 3 hrs to find 1080 blocks, difficulty will increase 200%.