Elacoin (ELC)

Elastic Block Reward Algorithm Based on Difficulty and Moore’s Law

This innovative algorithm adjusts rewards dynamically based on computational power. The more power dedicated to mining, the higher the block reward. To maintain the coin’s value, rewards are halved every nine months.

Stable Currency That Regulates Itself Through Supply and Demand

The currency adjusts its supply based on market conditions:

• Low demand: Reduced hashpower leads to lower block rewards and decreased supply, stabilizing the value.
• High demand: Increased hashpower results in higher block rewards and greater supply, maintaining value consistency.

Fast Payments and Confirmations

The system ensures efficient transactions With a block target of one every 2 minutes. It strikes a balance—fast enough for timely payments without overloading network IO or excessively bloating storage requirements.