Details
Crypto is designed for ASIC-recistance, dezentralazation and protection against inflation.
Cryptos’s algorithm (Lyra2RE is designed to resist the development of custom mining hardware (socalled ASIC-miners), ensuring that transactions are validated by a widely distributed network, to support the decentrelazation of the coin and protect its privacy.
The Lyra2RE algorithm was designed by the Vertcoin developers, if you want to read more please visit: https://vertcoin.org/Vertcoin-DavidMuller.pdf
Technical details:
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POW Algorithm: Lyra2RE
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Total amount of coins: 65789100 CTO (will be generated over the course of approximately 25 years)
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Block time: 30 seconds
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Block rewards (subsidy): Initially 5 CTO, reduced every 10 days (28800 blocks) with 0.00547945 CTO
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Block subsidy never halves (read above)
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Difficulty re-target time: 30 seconds (retarget every block with Dark Gravity Wave)
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Features anonymous stealth addresses along with regular addresses.
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Premine of approximately 0.025% Read the reason for the premine on "The Future" page in goal number 6.