DUO-ParallelCoinDetailed Description

DUO-ParallelCoin Detailed Description

Parallelcoin is a new type of digital currency that can be paid instantly to anyone anywhere in the world. Parallelcoin uses peer-to-peer technology to operate without central authorization: managing transactions and issuing funds are conducted collectively by the network. Parallelcoin is also the name of open source software that can use the currency.

Project Introduction

ParallelCoin Specification:
Proof of Work Currency with multiple algorithms.
Fair release, no pre-release, no IPO, and no ICO.
Algorithm: SHA256D and SCRYPT
Abbreviation: DUO
Block Reward: Block 1-998 = 0.02 DUO (normal release) | Blocks greater than 998 = 2 DUO
Block time: 5 minutes
Average interval: 250,000 blocks
P2P port: 11047 (21047 Testnet)
RPC port: 11048 (21048 Testnet)

Some of us like the idea of this token very much. We (the community) believe that coins have great potential and are worth continuing. There is no omen, and multiple algorithms sha256d and scrypt have been and are leading the trend. So, it's time to restart.

The original developer Parallaxis (probably Blazr2) was last active on August 19, 2014, on Bitcointalk. Over the past year, we have tried to get in touch with others, but none of the emails we received have been responded to. So we have been supporting Parallelcoin for all the months and it is finally time for community takeover.

We have created a new Parallelcoin website, block browser, node, Parallelcoin sha256d pool and implemented the functionality that DUO can be used to trade in Cryptopia token trading.

Any user can be a part of the community. Start digging into Parallelcoin and spreading it widely.