ASIC Resistant Cryptocurrency CACHeCoin Features Accessible Mining And PoS / PoW Algorithm


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04/21/2014 [ACCESSWIRE]

New cryptocurrency CACHeCoin is ASIC resistant, which means mining the currency is accessible to everyone worldwide. Proof-of-stakers can also earn coins simply by holding CACHeCoins in their wallet.

 

CACHeCoin is an ASIC proof cryptographic currency similar to Bitcoin and Litecoin, which implements not only a proof-of-work (PoW) system but also a low energy proof-of-stake (PoS) algorithm to secure the network. CACHeCoin was released without any premine; early miners are therefore well-rewarded.

CACHeCoin gives users many options to choose the preferred mining strategy and can be energy efficiently staked using PoS, or mined with hashing power for those who prefer mining pools. CACHeCoin is compatible with all mining pools that support the Scrypt-Jane algorithm. CACHe is accessible for mining by the small scale miner as it is ASIC resistant, which prevents large million dollar investors from monopolizing the coin. CACHe also adjusts difficulty by implementing a logarithmic adjustment algorithm.

CACHeCoin utilizes PoS minting which generates more CACHeCoins for holders, when coins are retained in a wallet for at least 7 days. CACHeCoins´ PoS block require 520 confirmations; once the confirmations are made the staked coins become available again in the wallet. PoS is not very CPU intensive, requires no special programs and once coins have been in a CACHe wallet for at least 7 days new coins will be minted automatically. It is possible to exclude coins from PoS minting easily by using the Reservebalance setting.

With the launch of CACHeCoin a new Bitcoin alternative for the small scale miner has entered the crypto space. With versatile mining options like proof-of-Stake and Proof-of-Work together with its ASIC resistant features and no premined coins; CACHe may be a prosperous option for small scale miners and proof-of-stakers who like to be rewarded for simply holding coins in their wallet.

CACHeCoin thread on bitcointalk: https://bitcointalk.org/index.php?topic=400389.0

To trade CACHe for Bitcoin: https://www.cryptsy.com/markets/view/154

CACHeCoin Technical Specifications:
Scrypt-Jane Coin
No ASIC Miners
No Premine
Proof-of-Work and Proof-of-Stake Mining
Block Reward: Inversely proportional to the difficulty
Difficulty adjustment every block
Difficulty adjustment algorithm: Logarithmic
Target of 15 minute block generation
Maximum of ~2 billion coins per transaction
Block maturity: 520 confirms
Transaction Maturity: 6 Confirms
Coin age of stake: 7 days
RPCPort: 2224
Network port: 2225

** This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Please conduct own due diligence.

Visit http://cachecoin.org/ for more information.

Contact Info
Name: Jasin Lee
Organization: CACHeCoin
Email: Jasinlee@gmail.com  

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