Information:
Blockchain: Elacoin
Ticker: ELC
Type: Cryptocurrency
Proof type: Proof of Work (PoW)
Algorithm: Scrypt
Block time (sec): 120
Market Cap:
Fully Diluted Valuation:
Supply:
Circ.: 407 774
Total: 642 276
Max: 75 000 000
Explorers:
Social Media:
News & Media:
“Elastic block reward algorithm based on the difficulty and Moore’s Law
The more computational power you throw at it, the more each block will give.
The reward is halved every nine months to preserve the coin’s value.
Stable Currency that Regulates Itself Through Supply and Demand
Less demand? Less hashpower, less block reward, less supply. Same value.
High demand? More hashpower, more block reward, more supply. Same value.
Fast Payments and Confirmations
The block target is one every 2 minutes, which is the perfect amount.
Fast enough without running into network IO limits, or bloating your hard drive.”
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