Block Size: 3 MB
Proof-of-Work Algorithm: Scrypt
Block Time: ~90 seconds
Coin Maturity: 100 blocks
Maximum Coin Supply: 60 Million
Lightning Network: Compatible
Masternodes Collateral: 1,500 ESCO
Difficulty retargeting: Every Block
POS Block Reward : 12 ESCO
POW Reward : .5 ESCO
Introducing a new decentralized, open source, community driven digital currency, focusing on Escrow services. The currency unit of account is ESCO, along with its exchange ticker.
ESCO is open source. Anyone is free to contribute to ESCO development and make a pull request through Github. Further details, making community contributions as smooth as possible, will become available in the future on the new website.
Ownership and access rights are decentralized. This ensures that the long-term application and longevity is not dependent on a single individual any longer. This safeguards not only EscrowCoin future, but also your investment and partnerships.
One of ESCO core values is being community oriented. Rest assured knowing that the ESCO foundation team will always strive to collect feedback and suggestions from the community and evaluate the input.
Trust & Security
Trust and Security are core concerns for users today as well businesses. To ensure that ESCO is as effective as possible Escrow Service application, ESCO will maintain a high focus on increasing anonymity and most important on creating trust and security.
Maximum Coin Supply and Block Reward
ESCO will be capped at a maxium supply of 60 million coins. This target supports a managed inflation rate that allows for a constant block reward of 12 ESCO.
The constant block reward prevents event cliffs related to expected "halvings" and will support a more consistent and stable participation rate over a long time horizon.
More information will be available on the ESCO' website
Masternodes will be supported with a collateral requirement of 1500 ESCO. The collateral requirement is a dynamic target value and will be updated for future releases based on the market price of ESCO and return on investment relative to its peer group.
Once the exact collateral requirement is accumulated inside an applicable wallet, the associated configured Masternode can be activated.
Credit goes to Bitcoin Core, Dash and Bitsend for providing a basic platform for ESCO to enhance and develop, in concert with a shared desire to support the adoption of a decentralised digital currency future for the masses.