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myarbrough@oreilly.com 2014-11-18 12:24:58 -08:00
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@ -137,12 +137,12 @@ In this chapter, we will concentrate primarily on the technical characteristics
===== Freicoin ===== 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 * Block generation: 10 minutes
* Total currency: 100 million coins by 2140 * Total currency: 100 million coins by 2140
* Consensus algorithm: SHA256 Proof-Of-Work * Consensus algorithm: SHA256 proof of work
* Market capitalization: $130,000 USD in mid-2014 * Market capitalization: $130,000 in mid-2014
==== Consensus Innovation: Peercoin, Myriad, Blackcoin, Vericoin, NXT ==== Consensus Innovation: Peercoin, Myriad, Blackcoin, Vericoin, NXT