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CoinM

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Symbol opinion vote.svg Comment: Everything in this draft is copied from Litecoin.


CoinM
252px
Official CoinM logo
Denominations
PluralCoinMs
SymbolCML
Ticker symbolCML
Precision10−8
Development
Original author(s)Jyrki Vierelä
White paperhttp://www.coinm.pw/white_paper.pdf
Initial release0.1.0 / 28 January 2018; 15 months ago (2018-01-28)
Latest releasev1.0.0.0-g9cffb23-beta[1] / 19 September 2018; 8 months ago (2018-09-19)
Code repositorygithub.com/thepcb/CoinM
Development statusActive
Forked fromLitecoin
Written inC++
Operating systemWindows, Linux
Developer(s)CoinM Core Development Team
Source modelOpen source
LicenseMIT License
Websitecoinm.pw
Ledger
Timestamping schemeProof-of-work
Hash functionscrypt
Block reward500 CML
Block time2.5 minutes
Block explorerexplorer.coinm.pw
Circulating supply510115348.65161586 CML (9 April 2019)
Supply limit84,000,000 CML

CoinM (CML) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[2] In technical details, coinm is nearly identical to Bitcoin.

History[edit]

CoinM was released via an open-source client on GitHub on January 28, 2018 by Jyrki Vierelä The CoinM network went live on January 28, 2018. It was a fork of the Litecoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins.

Differences from Bitcoin[edit]

CoinM is different in some ways from Bitcoin.

  • The CoinM Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. The developers claim that this allows CoinM to have faster transaction confirmation.
  • CoinM uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Due to CoinM's use of the scrypt algorithm, FPGA and ASIC devices made for mining CoinM are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[3]

See also[edit]

References[edit]

  1. {}
  2. Satoshi, Nakamoto. "Bitcoin: A Peer-to-Peer Electronic Cash System" (PDF). Bitcoin.org. Retrieved 24 April 2013.
  3. Coventry, Alex (2012-04-25). "Nooshare: A decentralized ledger of shared computational resources" (PDF). Self-published. Retrieved 2012-09-21. These hash functions can be tuned to require rapid access a very large memory space, making them particularly hard to optimize to specialized massively parallel hardware.

External links[edit]

Website - http://www.coinm.pw

Block explorer - http://explorer.coinm.pw

Mining pool - http://pool.coinm.pw

Source code - https://github.com/thepcb/CoinM


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Category:2018 software Category:Alternative currencies Category:Cryptocurrencies Category:Currencies introduced in 2018 Category:Computer-related introductions in 2018


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