From 2d422e5d840f2ef12014fe7f6ece7ca6aa01d40c Mon Sep 17 00:00:00 2001 From: "myarbrough@oreilly.com" Date: Tue, 18 Nov 2014 12:24:29 -0800 Subject: [PATCH] Made changes to ch09.asciidoc --- ch09.asciidoc | 8 ++++---- 1 file changed, 4 insertions(+), 4 deletions(-) diff --git a/ch09.asciidoc b/ch09.asciidoc index d41cb283..2816f154 100644 --- a/ch09.asciidoc +++ b/ch09.asciidoc @@ -132,12 +132,12 @@ In this chapter, we will concentrate primarily on the technical characteristics * Block generation time: 60 seconds * Total currency: 100,000,000,000 (100 billion) Doge by 2015 -* Consensus algorithm: scrypt Proof-Of-Work -* Market capitalization: $12 million USD in mid-2014 +* Consensus algorithm: Scrypt proof of work +* Market capitalization: $12 million in mid-2014 -*Freicoin* +===== Freicoin -((("Freicoin")))Freicoin was introduced in July 2012. It is a((("demurrage currency"))) _demurrage currency_, meaning that 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 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