Chunguscoin
| Chunguscoin | |
|---|---|
 Chunguscoin Logo | |
| Ticker symbol | CHUNG |
| Coins | Open source peer-to-peer digital currency |
| Development | |
| Original author(s) | Seth Moffat |
| Initial release | March 7, 2021 |
| Code repository | https://github.com/geraldstoon/Chunguscoin |
| Development status | Active |
| Forked from | Litecoin |
| Written in | C++ |
| Operating system | Microsoft Windows and Linux |
| Developer(s) | Seth Moffat and Shafil Alam |
| Source model | FOSS |
| License | MIT License |
| Website | https://www.chunguscoin.net/ |
| Ledger | |
| Hash function | TBA |
| Block reward | TBA |
| Block time | 0.625 minutes |
| Block explorer | https://explorer.chunguscoin.net/ |
| Circulating supply | TBA |
| Valuation | |
| Exchange rate | N/A |
Search Chunguscoin on Amazon.
Chunguscoin is an meme based, opensource, decentalized, peer-to-peer digital currency with a multipurpose design.
Whitepaper[edit]
Dogecoin was created as a joke, based on a meme which was doing better than many other forms of cryptocurrency. Unfortunately Dogecoin will not last. Not because of the people investing, but because the currency itself was not designed to be successful. The community behind it did everything right but Dogecoin had its flaws right from the start. First of all the difficulty of mining Dogecoin never increases so when demand increases, supply increases with it. Secondly the blockchain isn't very secure it's roots show when that it was just copied from an opensource project made in 2013. Lastly Dogecoin just wasn't designed to grow, there is NO LIMIT to how much Dogecoin can be mined, which combined with the fact that Dogecoin has a block-time of just 1 minute, without constant support Dogecoin supply and demand will be thrown out of balance and ruin the currency.
Technology and DeFI[edit]
Chunguscoin utilizes the Litecoin blockhain for high scalability and security. It has the following features:
•Chunguscoin has a total supply of 336 million coins.
•Chunguscoin has a blocktime of 0.625 minutes.
•Chunguscoin is completely opensource software.
•Chunguscoin is designed with high potential for growth.
Mining parameters[edit]
Chungscoin's implementation differs from Litecoin by several parameters. Chungscoin's block time is 0.625 minutes as opposed to Litecoin's 2.5 minutes.
Use-cases[edit]
Chunguscoin is an altcoin with many users. It currently has a growing Reddit community were its users are willing to purchase the coin.
Trading items in exchange for CHUG takes place on online communities such as Reddit and Twitter, where users frequently share currency-related information.
