Stohn Coin is a decentralized digital currency, created in 2021, enabling direct transactions without intermediaries via a peer-to-peer network. It employs the Scrypt algorithm for mining, promoting accessibility by being resistant to ASIC hardware. With a maximum supply of 40 million coins and block rewards that halve every 200,000 blocks, Stohn Coin follows a deflationary model. Notably, the project uses the LWMA3 difficulty adjustment algorithm to ensure stable and fair mining processes, making it stand out among digital currencies. Transactions are verified cryptographically and recorded on a blockchain, with new blocks mined every 5 minutes on average.
Stohn Coin is a decentralized digital currency, created in 2021, enabling direct transactions without intermediaries via a peer-to-peer network. It employs the Scrypt algorithm for mining, promoting accessibility by being resistant to ASIC hardware. With a maximum supply of 40 million coins and block rewards that halve every 200,000 blocks, Stohn Coin follows a deflationary model. Notably, the project uses the LWMA3 difficulty adjustment algorithm to ensure stable and fair mining processes, making it stand out among digital currencies. Transactions are verified cryptographically and recorded on a blockchain, with new blocks mined every 5 minutes on average.
Stohn Coin is a decentralized digital currency created in 2021, designed to facilitate transactions without a central authority. It operates on a peer-to-peer network where transactions are validated through cryptography and documented on a public blockchain. Miners are incentivized with 100 coins per block, subject to halving every 200,000 blocks, within a capped supply of 40 million coins.
Stohn Coin offers several advantages over Bitcoin, including a higher maximum supply of 40 million coins and a user-friendly mining process via the Scrypt algorithm, making it resistant to ASIC hardware. Additionally, Stohn Coin employs the unique LWMA3 difficulty algorithm, ensuring consistent block times and stable coin issuance, creating a fairer mining environment.
Stohn Coin maintains stability through its unique LWMA3 difficulty adjustment algorithm. This algorithm adapts quickly to changes in hashrate, ensuring consistent five-minute block times. By responding efficiently to fluctuations in mining power, LWMA3 creates a more predictable and stable environment for coin issuance, beneficial for the cryptocurrency's economic health.
Stohn Coin is resistant to ASIC hardware due to its use of the memory-intensive Scrypt algorithm for proof-of-work mining. This makes the mining process more accessible for individual miners using standard computer hardware, promoting decentralization and avoiding centralization risks posed by ASIC-dominated mining pools.
Stohn Coin's maximum supply of 40 million coins introduces a scarcity model similar to Bitcoin's, which caps its supply at 21 million. The fixed supply creates an inherent value proposition by limiting the number of coins, which, when combined with periodic block reward halvings, mimics the inflation control features seen in Bitcoin, albeit with a larger supply.
Stohn Coin's block reward halving, occurring every 200,000 blocks, reduces the number of coins miners receive, mimicking Bitcoin's deflationary model. Halving aims to control supply, increase scarcity, and potentially enhance the coin's value over time. This predictable reduction in new coin issuance forms a key component of Stohn Coin's long-term economic strategy.
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