Overview

GoldCoin (GLD) – an improved version of Litecoin currently using scrypt as a proof of work scheme.

  • 2.5 minute block targets up till block 44,999
  • 2 minute block targets thereafter
  • 504 blocks per difficulty retarget up to block 44,999
  • 60 blocks per difficulty retarget up to block 248,000
  • Difficulty retargets each block thereafter

Block Rewards:

  • Blocks 1 – 200 = 10,000 GLD
  • Blocks 201 – 2,200 = 1,000 GLD
  • Blocks 2,201 – 44,999 = 500 GLD
  • Block 45,000 reward drops to 45 GLD
  • Block xxx,xxx reward drops to 32 GLD
  • Block 372,000 reward drops to 4 GLD
  • Reward is then reduced each year using the following formula: 50 divided by (1.1 + 0.49*every year thereafter)

Total Blocks: 21,441,000
Total Premine: Zero (not premined)
Total Coins: 72,245,700

Block Reward ends in year 2093, transaction fees still apply.

The GoldCoin source code can be downloaded from the github page here: https://github.com/goldcoin/goldcoin

DAS