Welcome to EverybodyWiki ! Nuvola apps kgpg.png Sign in or create an account to improve, watchlist or create an article like a company page or a bio (yours ?)...

Primecoin

From EverybodyWiki Bios & Wiki
Jump to navigation Jump to search


Primecoin
Primecoin Logo.png
Primecoin logo
Denominations
Subunit
 0.001mXPM (millicoin)
 0.000001μXPM (microcoin)
 0.00000001Smallest unit
PluralPrimecoin, primecoins
SymbolΨ
NicknameXPM
Demographics
Date of introduction7 July 2013[1]
User(s)International
Issuance
Central bankNone, the primecoin peer-to-peer network regulates and distributes through consensus in protocol.[citation needed]
Valuation
InflationLimited release, production rate before this limit re-evaluated with the production of every block (at a rate of approximately 1 block per minute) based on the difficulty with which primecoins are produced.[citation needed]

Primecoin (sign: Ψ; code: XPM) is a cryptocurrency that implements a proof-of-work system that searches for chains of prime numbers.[2]

Primecoin has been described[by whom?] as the main cause of spot shortages of dedicated servers because at the time it was only possible to mine the currency with CPUs.[1][3]

Primecoin protocol adjusts its difficulty slightly after every block. The difficulty change that occurs each block is targeted at achieving target of one new block created once per minute.[2] Since Primecoin blocks are generated 8 to 10 times as fast as bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast.[2]

Primecoin uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts.[2]

References[edit | edit source]

  1. 1.0 1.1 Clark, Jack (2013-07-16). "Virtual currency speculators shut down cloud". The Register. Retrieved 2014-02-02.
  2. 2.0 2.1 2.2 2.3 Buterin, Vitalik (2013-07-08). "Primecoin: the cryptocurrency whose mining is actually useful". Bitcoin Magazine. Coin Publishing Ltd.
  3. Miller, Rich (2013-12-17). "Currency Miners Cause Spot Shortages of Dedicated Servers". Data Center Knowledge. Retrieved 2013-12-18.

Further reading[edit | edit source]

External links[edit | edit source]



Others articles of the Topics Anarchism AND Cryptography : Namecoin, NeuCoin, Peercoin

Others articles of the Topics Cryptography AND Economics : Devcoin, Bitcoin Private, Vertcoin, BoxyCoin, Nxt, NeuCoin, Peercoin

Others articles of the Topics Anarchism AND Economics : Peercoin, NeuCoin, Namecoin

Others articles of the Topic Anarchism : NeuCoin, Peercoin, Anarchism in Transnistria, Turtle Island Research Cooperative, Namecoin

Others articles of the Topic Cryptography : BoxyCoin, Namecoin, SHA-2, Bitcoin, SafeWallet Password Manager, Securebear, Brosix Instant Messenger

Others articles of the Topic Economics : CoinJoin, Vertcoin, Devcoin, Namecoin, Zclassic, Bitcoin Private, CryptoNote


This article "Primecoin" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Primecoin. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


Cannot find HTML file FacebookLikeButton.html


Compte Twitter EverybodyWiki Follow us on https://twitter.com/EverybodyWiki !