From 1e76587e59053f5d42bce60219f7a8e3b362b0a2 Mon Sep 17 00:00:00 2001 From: "myarbrough@oreilly.com" Date: Tue, 18 Nov 2014 12:24:58 -0800 Subject: [PATCH] Made changes to ch09.asciidoc --- ch09.asciidoc | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/ch09.asciidoc b/ch09.asciidoc index 2816f154..184d10ac 100644 --- a/ch09.asciidoc +++ b/ch09.asciidoc @@ -137,12 +137,12 @@ In this chapter, we will concentrate primarily on the technical characteristics ===== Freicoin -((("Freicoin")))Freicoin was introduced in July 2012. It is a((("demurrage currency"))) _demurrage currency_, meaning it has a negative interest rate for stored value. Value stored in Freicoin is assessed a 4.5% APR fee, to encourage consumption and discourage hoarding of money. Freicoin is notable in that it implements a monetary policy that is the exact opposite of Bitcoin's deflationary policy. Freicoin has not seen success as a currency, but is an interesting example of the variety of monetary policies that can be expressed by alt-coins. +((("Freicoin")))Freicoin was introduced in July 2012. It is a((("demurrage currency"))) _demurrage currency_, meaning it has a negative interest rate for stored value. Value stored in Freicoin is assessed a 4.5% APR fee, to encourage consumption and discourage hoarding of money. Freicoin is notable in that it implements a monetary policy that is the exact opposite of Bitcoin's deflationary policy. Freicoin has not seen success as a currency, but it is an interesting example of the variety of monetary policies that can be expressed by alt coins. * Block generation: 10 minutes * Total currency: 100 million coins by 2140 -* Consensus algorithm: SHA256 Proof-Of-Work -* Market capitalization: $130,000 USD in mid-2014 +* Consensus algorithm: SHA256 proof of work +* Market capitalization: $130,000 in mid-2014 ==== Consensus Innovation: Peercoin, Myriad, Blackcoin, Vericoin, NXT