Tecoin

What is Tecoin?

Tecoin is an Ultra-secure, Democratic and ASIC-resistant Crypto-currency.

For more information, as well as an immediately useable, binary version of the Tecoin client sofware, see http://tecoin.net

Achieve massive adoption as a major crypto-currency
Provide long-term open source development, support and maintenance
Promote a large-scale decentralized mining community
Build a gigantic community of stakeholders from a diverse set backgrounds
Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

Achieve massive adoption as a major crypto-currency
Provide long-term open source development, support and maintenance
Promote a large-scale decentralized mining community
Build a gigantic community of stakeholders from a diverse set backgrounds
Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

ASIC-resistant: Introduces HEFTY1 a cryptographic hash function for ASIC-resistant proof-of-work
Ultra-secure: combines SHA-256, Keccak-512, Grøestl-512, BLAKE-512 in a secure way
Block time: 2 Min
Retarget up: Every 5 blocks (max 100%)
Retarget down: Every block (max 400%)
Starting block reward: 0 (for first 100 blocks ~ 3.3 hours)
Block reward: 150 max (decentralized block reward voting)
Total supply: 460,000,576 to 469,521,976 TEC (depending on decentralized block reward voting)
Multipool protection: Kimoto Gravity Well Temporal Retargeting
Premine: 1-2% (depending on total supply) for future development, support and maintenance
Bounties: 1-2% (depending on total supply) for strategic direction and promoting of Tecoin

Bitcoin is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.