EarthCoin (EAC) is a classic crypto coin. EarthCoin (EAC) is in the crypto currency economy since the year 2013. This EarthCoin (EAC) was controlled by a group of hackers for many number of months. These hackers did not allow any one else to do mining of this crypto coin (EAC). Any attempt made to extract a block of this digital coin (EAC) failed up to now.
EarthCoin (EAC) is a decentralised crypto coin. EarthCoin is also an open source cryptocurrency. EarthCoin (EAC) was forked from Litecoin in the month of December, in the year 2013. The project of EarthCoin (EAC) has implemented a special pay out system. This pay out system depends on many aspects of this planet Earth and the movement of Earth. This project EarthCoin provides special bonuses to be awarded to the users at the completion of seasons, calendar months and cycles of moon. EarthCoin (EAC) provides delivery of extremely fast transactions. The speed of transactions are 30 seconds. The share of 2% of total coin supply of EarthCoin (EAC) were pre mined. This share was used for promotion of EarthCoin. It was also used for give away, bounties, development and long term support of the project of EarthCoin (EAC).
The users of EarthCoin Scrypt as a Proof of Work (PoW) scheme. EarthCoin is a Scrypt coin descendent of Litecoin. EarthCoin can be send to any where in this world within 10 seconds by its users. The users of EarthCoin need to bother about banks and borders of different countries. The EarthCoin uses a period of 365 days and starts with 10,000 coins (EAC) per block. The variation of EarthCoin depends on a sine curve. This is annual with 2000 amplitude. This corresponds with the Earth having a complete round of the Sun. After that, a new minimum of 8000 coins (EAC) per block for a period of about nine months.
The date of launch of EarthCoin is 12th December 2013. EarthCoin is forked from Litecoin with total number of 13,500,000,000 coins. The consensus mechanism of EarthCoin is Proof of Work, with Scrypt as the hashing algorithm. The platforms those support the EarthCoin are Linux, Mac OS, and Windows. The status of EarthCoin is healthy and has a popularity of 50 with 6.9 hits a day.
10,000 coins (EAC) are needed by the user in the beginning that adjusts at a single block. 12,000 coins maximum per block is reached after three months. It descends to 10,000 coins per block in half a year again and reaches a new minimum of 8000 coins per block at about three quarters of a year.
EarthCoin is here to revolutionise the way of making day to day transactions. It is a new generation of crypto coin and it is here to stay.
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