Available in Cryptocurrency Website www.neucoin.org | License MIT Licence | |
 | ||
Initial release September 23, 2015; 17 months ago (2015-09-23) Stable release 1.1.1 / October 22, 2015; 16 months ago (2015-10-22) Development status Active programming language = C++ | ||
NeuCoin was a cryptocurrency announced in February 2015 by Daniel Kaufman. It is a fork from Peercoin and is thus a proof-of-stake (POS) coin that pays interest as it is staked.
Contents
The currency was launched on September 23, 2015. The currency has a team of ten founders of backgrounds in various industries, as well as a million dollars in investment from angel investors. In April 2015, NeuCoin presold 100 million NeuCoins to future users in exchange for 4,012 Bitcoins. In December 2015, NeuCoin launched a tipping platform on the internet radio service Jango and a Facebook game called Solitaire Racer. In September 2016, NeuCoin launched a second Facebook game called SongQuest.
On 25 November 2016, NeuCoin announced that its Foundation would "cease supporting NeuCoin services, destroy its remaining coins and dissolve itself".
What is NeuCoin ?
A decentralized cryptocurrency designed for online microtransactions
Strategic Plan
Foundation will pay large bounties to integrate with service providers that make it more useful: game publishers and premium digital content providers (#1 priority) exchanges (#2 priority, in all geographic markets), payment processors, wallets, and international remittance providers. The foundation will also distribute small amounts of NeuCoins for free to large numbers of consumers to try it out "in exchange for consumers engaging with, trying out, and learning about NeuCoin" citing a “freemium,” user acquisition strategy.
In December 2015, NeuCoin launched a tipping platform for emerging artists on the internet radio service Jango and a NeuCoin-integrated Facebook game called Solitaire Racer. On January 18, NeuCoin announced that Solitaire Racer and Jango had acquired over 50,000 NeuCoin users in their first 4 weeks and were growing by more than 1,000 users a day. On March 11, 2016, NeuCoin announced that Solitaire Racer and Jango had acquired over 275,000 NeuCoin users, growing by 8,000 users a day. In September 2016, NeuCoin launched a second NeuCoin-integrated game on Facebook called SongQuest
Proof of Work or Proof of Stake ?
NeuCoin uses an innovative PoS model with high minting awards. Over the first 10 years, the supply of NeuCoin tokens will grow from the 3 billion pre-mine (held by the NeuCoin Foundation) to approximately 100 billion – with the vast majority of the growth coming from PoS awards. PoW is for year one, as 5 millions Neucoin per month. On March 14, 2016, NeuCoin announced that the NeuCoin foundation's holdings would be cut from 3.2 billion coins to 1 billion coins by destroying 2.2 billion coins, and that a revised mining pareticipation forecast put expected total coin supply in 10 years at 10 billion rather than 100 billion as previously projected.
Neucoin PoS rewards over time :
NeuCoin block time is 1 minute, primarily to benefit users who appreciate one relatively quick (though not very reliable) confirmation for transaction processing. In addition, having a shorter block time does increase security for some types of attacks.