Howdy Steemians!
Latest cryptonews have arrived.
I bring thee - Chaincoin - the latest boom in the cryptomarkets!
Chaincoin has had a whooping 175% rise (at the time of writting this post)
But... Just what is Chaincoin?
This time, there will be a simple overview which I will divide into 4 categories:
#1 Coin Specifications
No pre-mine - no one got the coin before it was out!
CPU/GPU mining
11 hashing algorithms chained
16 coins per block (currently 8 per block)
Reward halves every 700800 blocks (2 years)
Block time: 90 seconds
Total coins: About 23 million
25% of reward goes to masternodes
P2P Port 11994
RPC Port 11995
#2 Why should you invest in Chaincoin
ChainCoin is a viable alternative to current centralized banking, a currency with real world decentralized application.
When it comes to banking, and controlling our own money, we have limited options - very limited if you think about it.
ChainCoin is a currency, established in 2014, offering freedom from centralised banking allowing you to use digital currency in the real world.
And what does this mean for you? Well, ChainCoin will be easy to use as your local bank. Put money in, pull money out, spend your money, and best of all, your ChainCoin works for you 24/7.
#3 What are the plains for Chaincoin A.K.A. Roadmap
Coinchain has all sorts of events planned out occur in 2017 and 2018!
Some of them are yet to occur, yet this cryptocurrency is gaining terrain very fast. Could it be the next Ethereum?
You can check out their roadmap here: http://www.chaincoin.org/development-roadmap/
#4 Useful links
Masternodes
What is a masternode ? - http://www.chaincoin.org/what-is-a-masternode/
How to Setup Up masternodes - for both Windows and Ubuntu - http://www.chaincoin.org/how-to-set-up-masternodes/
Masternodes ROI - you will like this one! - http://www.chaincoin.org/chaincoin-roi/
Chaincoin Wallet - very important - http://www.chaincoin.org/chaincoin-wallet/
Is Chaincoin worth it? What about Projext X-Chain?
Should we go into more details? Tell us what you think - and if you liked the post, check below!
Love, Nex
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Only reason for the hype on chaincoin recently is the new Pump and Hodl movement. You are probably going to see this for other masternode type coins as well. The idea is for a community of people to buy up all the coins they can in turn running multiple masternodes and making some extremely nice passive income. Upon them buying up all the coins will leave more of a demand as there is limited coins in circulation. Demand is rising as is the price. Not to mention the extreme FOMO that went on a few days ago before someone decided to dump big. Looks like its back on the up again today. I am all for PUMP and Hodl groups as long as they are completely public and I can get in at the ground floor :)
wow, 23 days later this coin seems dead as a doornail. of course if you got in at the beginning i guess you are still up.
for me it looks odd and like a typical pump & dump story. There is Max Lee who made some funny videos about the coin and many people rushed in to get a masternode. But when it comes to useful apps or better tech i can't see what's behind all the hype. Maybe i'm wrong but it's not clear. Yesterday their site was down and Max claimed they were attacked, but Github tells another story that there was almost no development since 2014. That's really odd to me.