After seeing some interesting conversations surrounding this crypto currency pop up on my Twitter feed over the past few days, I decided the time had finally come to do an article about SaturnCoin, so here we go.
Right off the bat, the SaturnCoin announcement thread doesn’t hold back : its main feature is the blazing fast and improved transaction speed, making it 4x faster than Bitcoin, and 2x faster than Litecoin. This makes SaturnCoin a perfect coin for online payments.
There is also a short and much to the point SaturnCoin promotional video on YouTube that is worth checking out. Don’t expect anything fancy or overly dramatic though, it’s just “need to know information” and nothing else :
Before we go on, allow me to get into some technical details.
SaturnCoin is a Scrypt coin, with a supply cap of 15,000,000,000 coins. Blocks are generated every 80 seconds with random rewards , and the difficulty re-targets every 25 blocks. Block rewards decrease every 30,000 blocks.
If you are a clever person, you have noticed I said “supply cap” and not “coin supply cap”. The reason for that is because SaturnCoin will enter its PoS stage soon, which could happen as soon as May 1st. (This date is not confirmed yet)
In order to keep SaturnCoin interesting to both miners and investors, there is a SaturnCoin Multipool, where other alternative crypto currencies will be mined, converted to Bitcoin, and that Bitcoin will then be used to purchase more SaturnCoin from exchanges, such as MintPal.
However, MintPal is not the only exchange listing this coin, as you can also buy and sell SaturnCoin on Cryptsy, Comkort, CoinAder, Coins 2 The Moon and LazyCoins. Plenty of options available I’d say!
Opening a Multipool for a coin that goes full PoS is a relative new trend in the crypto currency community, but it has been adopted by several coins so far, including WhiteCoin, ZeitCoin, and now also SaturnCoin.
There is a bit of a twist though, as SaturnCoin will in fact have a lower PoS supply cap compared to other PoS crypto currencies : 10 billion coins compared to the “usual” cap of 50 billion. This will be interesting to keep an eye on.
While SaturnCoin is currently valued at 6 Satoshi per coin, this price could be influenced once the PoS stage begins. Keeping in mind however that there is a rather big supply of coins in existence already, it’s hard to predict how big or little this effect might be.
SaturnCoin Donations can be sent to : SiMDxqAgmDvWDSrpu3sK78uT5WVCi5i5wr