Elicoin specification

  • Coin name: Elicoin
  • Algorithm: YescryptRI6 (CPU only)
  • Total number of coins: 10 000 000 ELI
  • Block item: 1 minute
  • Block halving: every 500 000 blocks
  • Maximum block size: 4 MB
  • Initial block reward: 10 ELI
  • Difficulty retarget: Every block
  • Premine: none

Advantages over Bitcoin

  • Everyone can mine Elicoin on their own computer's CPU thanks to YescryptR16 hashing algorithm. CPU mining of this coin is more effective than GPU mining.
  • Transactions within Elicoin blockchain are 10 times faster than Bitcoin.
  • Elicoin blockchain can handle 20 times more transactions than Bitcoin within the same time.
  • Difficulty on Elicoin is retargeted after every mined block (aprox. every minute), compared to Bitcoin that retargets difficulty every 2016 blocks (aprox. every 14 days).