ZhaocaiCoin is abbreviated as ZCC, and its English name is ZhaocaiCoin. Zhaocai Coin is one of the earliest online coins issued by China. The community is currently active and the average daily transaction volume is relatively large. Its positioning is to create a virtual currency that is truly fair, serves China, and creates a public welfare undertaking.

Project Introduction

Project Features

According to the idea, a block is generated every minute of the Qianqian Coin. The amount that can be obtained for each block is generally 50, and will change as the mining difficulty increases, which is similar to BTC and Bitcoin. Its total production volume is designed to be 1 billion, but the daily production of coins is 72,000,000, which does not exceed 150,000 every 48 hours, and is about 27 million a year. Therefore, it takes about 38 years to complete all mining, but the daily production will decrease with the difficulty, so this time will be infinitely extended.

Mining revenue is confirmed to be mature 520 times, initial difficulty is 0.03, Nfactor start value is 12, and CPU surpasses graphics card.

At the same time, because the design of the algorithm will gradually increase mining difficulty, everyone's motivation for mining will continue to decline, the number of miners will become smaller and smaller, and the entire currency network may gradually fall into paralysis (after everyone reduces the time to run the Zhaocai Coin client, it will become increasingly difficult for the entire network to find a P2P node to connect and synchronize network data).

To reward coin holders, it is also to maintain the entire network of the fortune-telling system. The designer designed the system to automatically issue 5% of the interest every year. As long as the currency is placed in the wallet for more than 30 days (because there is very little interest within 30 days, the POS system will not pay interest within 30 days), then when you open the wallet client on the 31st day, you will automatically receive the interest calculated at the annual interest rate.

Technical Overview

Zhaocai Coin was released on August 8, 2013. It uses YAC's jane-scrypt core algorithm, and an average "one block" will be generated in one minute, and the maximum output value of each block is 50 coins (but with the current increase in mining difficulty, the output will decline in the logarithmic function curve. Now the latest block output value reward has dropped to about 26 Zhaocai Coins). Zhaocai Coin supports Chinese and English bilingualism, mainly based on the domestic Chinese market. It has been traded online on the Bit Times Trading Channel and the Bit Er market. The single price of each currency is about 0.4 yuan.

Zhaocai Coin currently produces 37,000 coins per day, and there are about 450-500 miners on the entire network. According to the editor's analysis, most users can now mine nearly 10 on average every day, and only those users with extremely high computing power can obtain 1,000-2,000 minerals.

Related links:
http://www.zccoin.org/
http://www.qukuaiwang.com.cn/szhb/1982.html###