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myarbrough@oreilly.com 2014-11-18 12:24:29 -08:00
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@ -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