Heavycoin - ASIC-resistant, Ultra-secure, Decentralized Voting
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README.md

Heavycoin

http://heavycoin.github.io

Copyright (c) 2014 The Heavycoin developers, (c) 2009-2014 Bitcoin Developers

What is Heavycoin?

Heavycoin is an Ultra-secure, Democratic and ASIC-resistant Crypto-currency.

For more information, as well as an immediately useable, binary version of the Heavycoin client sofware, see http://heavycoin.github.io.

Innovations and contributions

  • Achieve massive adoption as a major crypto-currency
  • Provide long-term open source development, support and maintenance
  • Promote a large-scale decentralized mining community
  • Build a gigantic community of stakeholders from a diverse set backgrounds
  • Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

Goals

  • Achieve massive adoption as a major crypto-currency
  • Provide long-term open source development, support and maintenance
  • Promote a large-scale decentralized mining community
  • Build a gigantic community of stakeholders from a diverse set backgrounds
  • Promote the use of democratic processes in peer-to-peer systems using decentralized block reward voting

Specifications

  • ASIC-resistant: Introduces HEFTY1 a cryptographic hash function for ASIC-resistant proof-of-work
  • Ultra-secure: combines SHA-256, Keccak-512, Grøestl-512, BLAKE-512 in a secure way
  • Block time: 2 Min
  • Retarget up: Every 5 blocks (max 100%)
  • Retarget down: Every block (max 400%)
  • Starting block reward: 0 (for first 100 blocks ~ 3.3 hours)
  • Block reward: 1024 max (decentralized block reward voting)
  • Total supply: 63M to 128M HVC (depending on decentralized block reward voting)
  • Multipool protection: Kimoto Gravity Well Temporal Retargeting
  • Premine: 1-2% (depending on total supply) for future development, support and maintenance
  • Bounties: 1-2% (depending on total supply) for strategic direction and promoting of heavycoin
  • IPO: 4-8% (depending on total supply) already distributed over 172 stakeholders

Developers

Heavycoin has a strong developer backing who are comitted to its success. Over time we hope the Heavycoin developer community will grow larger and our long-term goal is to form an open source Heavycoin Foundation for promoting and developing Heavycoin over many years to come. The current Heavycoin core developers are

keccak512 / BM-NBuu8hBFdnqAeKs42Yg7nftB3QLfJ8ra

nomisugi / BM-NBAsCmCqUYR8eaXgs8zebDNPw5rUyM1z

The best way to contact us is using the BitMessage addresses above. Warning: the handles above are our usernames on bitcointalk.org only.

Bitcointalk Forum Thread: https://bitcointalk.org/index.php?topic=506774.0

License

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