DannyCoin (DAN)
An[other] experimental cryptocurrency with the goal of providing some innovative control on currency distribution. At the moment, the source code is based off of Smallchange (commit a19eb2dc3115a708e3a7f1c5855937aa33f1e132). WARNING: source code is still under construction and is in no way suitable for use for any purpose whatsoever at this point.
Initial Parameters
TO BE UPDATED; still default values from smallchange source
DannyCoin (DAN) - a 'faster' version of Litecoin which also uses scrypt as a proof of work scheme and is intended for microtransactions.
- 15 seconds block targets: beat that MinCoin! ;)
- 42 007 680 total coins
- no subsidy within the first 3 days and after approximately 5 years; in between: 4 coins per generated block
- difficulty retargets every 0.35 days
- currently peers are looked up over IRC only
- currently no block checkpoints are in the code (but could be easily added)
Other than that, this coin is exactly like Litecoin and should by no means be used as a real cryptocurrency. All of the coin parameters are chosen arbitrarily or at most with 'fairness' towards everyone in mind.
Credits go to the original authors/communities that created Bitcoin and Litecoin.
To Do List:
-> Update IRC address/channel (do I need a private irc server?) -> Create initial block reward scheme to be used for testnet -> Update/Tweak difficulty retarget algorithm - check testnet settings since that's where we'll be doing all initial testing -> Create a seednode(s) -> Sooo much more...