Mjollnircoin is a decentralized digital currency that enables instant payments to anyone in the world; it is a lite version of Bitcoin using a redundant cryptographic function as a proof-of-work algorithm. Mjollnircoin is a people's currency, intended to be efficiently mined with consumer-grade hardware. It is ultra secure, ASIC resistant, Multipool resistant and rare with a total number of 42 million mjollnircoins. At the time of launch, Mjollnircoin will only be mine-able with a CPU miner.
Mjollnircoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of mjollnircoins is carried out collectively by the network. There is no concept of ownership (nobody controls or owns the Mjollnircoin network) and there are no restrictions on who can take part.
In order to withstand the difficulty fluctuations that would occur when automatic profit switching mining pools (multi-pools) hit Mjollnircoin, Mjollnir will begin to self-heal the network by lowering the difficulty if no block is found after a significant amount of time; The network will automatically recover from a multipool difficulty spike without emergency developer intervention within ~3 hours.
Most crypto-currencies rely on a single hash algorithm to secure their block chain. Mjollnircoin employs 4 different hashing algorithms to tighten the security of the block chain. Mjollnircoin uses the following cryptographic hash functions:
This proof-of-work algorithm was originally introduced by Heavycoin. In contrast with HVC, Mjollnircoin does not allow (phased) block reward voting.
Coin-control allows you to choose which of your addresses will be the sending addresses. More specifically, you can select which of your unspent outputs will be the sending inputs.
Mjollnircoin has a premine for the public fundraiser (0.5%)
|1||210,000||IPCO buy-in fundraiser||link||TBA|
As developers, we are dedicated to the development of Mjollnircoin over the years to come.
Mjollnircoin is a free software project released under the MIT/X11 license which gives you the ability to run, modify , copy and distribute (modified) copies of the sofware.