Yesterday, AppCoin was launched. Or, to be more precise, AppCoin was relaunched yesterday, after some minor issues when the original launch took place. Then again, these things happen, and it takes a solid team, and a lot of guts to admit mistakes, and then try to do it better afterwards.
So what is AppCoin about? AppCoin will be a 21st century digital currency, used to purchase digital applications. As we all know, the application market has never been bigger than over the past few years.
We have seen a massive increase of smartphone and tablet usage, which both require applications that may or may not be free of charge.
These applications have to be purchased from specific app stores, requiring people to register and provide personal information. Worst of all, not all apps are available on every platform, and if they are, they’re not always priced the same either.
Overall, the current application distribution is quite messy. AppCoin is attempting to change that, by allowing users to anonymously purchase digital applications with this new cryptocurrency,
The plan for the AppCoin developers is to work together with application vendors, developers and distribution platforms.
As far as the technical details for AppCoin go, let’s take a look at what is under the hood :
Kimoto Gravity Well
Confirmations: 40 blocks
Block rate: 60 seconds
18,800,000,000 total Appcoins
0.9% premine for bounties, giveaways/faucets & development expenses
As far as the block rewards go, they decrease often and at certain intervals. You might want to check out the AppCoin thread on BitcoinTalk for those details.
It surely would be awesome to purchase apps and/or games on the Google Play Store, or the iOS App Store with AppCoin. Really looking forward to that!