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README.md

Motocoin integration/staging tree

https://motocoin-dev.github.io/motocoin-site/

Copyright (c) 2009-2014 Bitcoin Developers

Copyright (c) 2011-2014 Litecoin Developers

Copyright (c) 2014-2014 Motocoin Developers

What is Motocoin?

Motocoin is a cryptocurrency utilizing an innovative proof-of-play scheme where coins can only be mined through manual human work - playing a 2D motorbike simulation game, which is different from Bitcoin and other crypto-currencies that use a proof-of-work scheme where miners must perform difficult computations and then use proof of that work to secure coin transactions and get their reward.

Advantages:

  • No need for expensive mining hardware. All you need to mine is an average computer and some skills at computer games.
  • No energy is wasted on pointless mining computations.
  • It is more secure as it is almost impossible to perform a 51% attack and it would be very expensive to hire enough people, considering that most skilled players would rather mine Motocoin than destroy it.

Network parameters:

  • A new block is generated every 1 minute.
  • The initial reward is 20 motocoins per block.
  • The block reward gets halved every 1'000'000 blocks (every two years), but it will never be less than 0.4 motocoins per block.
  • Difficulty is adjusted every 2000 blocks.
  • ≈40 million coins are to be generated during the first 12 years and ≈200'000 coins per year after.
  • The 3 developers of Motocoin were each rewarded 150K motocoins, which ensured them a strong reason to support Motocoin. Portions of these coins will be used for bounties and giveaways.

For more information, as well as an immediately useable, binary version of the Motocoin client sofware, see http://www.motocoin.org or https://motocoin-dev.github.io/motocoin-site/

License

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

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