eToken integration/staging tree

Copyright (c) 2009-2013 Bitcoin Developers

Copyright (c) 2011-2014 Litecoin Developers

Copyright (c) 2014 eToken Developers

What is eToken?

eToken is a new version of Litecoin using scrypt as a proof-of-work algorithm.

• Block target: 2 minutes
• Difficulty retarget: 5040 blocks (~7 days)
• Total eTokens: 900.000 (~5 years)
• Transaction confirmations: 12 (24 minutes)
• Mining confirmations: 240 (20 hours)
• Minimum fee: 0.000001
• Proof of Work algorithm: scrypt
• Post-genesis centralisation: The post-genesis block, a high reward block, was mined to make the eToken Bank.

Watch our actual 2014 objectives: http://www.bitlink-central.com/etok/graph01.png

Mining rewards

• Common reward: 1 eTOK / block
• Release bonus: A multiplier of 2 apply until block 20000.
• Inferior Bonus: Every 1000 blocks (1000, 2000, 3000, ...), the 1000th reward with a multiplier of 200.
• Superior Bonus: Every 10000 blocks (10000, 20000, 30000, ...), the 10000th reward with a multiplier of 2500.
• Cuts: Rewards halves every 262800 blocks (~365 days).

Watch the mining previsions: http://www.bitlink-central.com/etok/graph02.png

License

eToken is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.