So a few people have asked me to take a look at KoreCoin V2.0, because it doesn’t seem to be getting much attention at this point in time. As we always enjoy looking at new altcoins, we might as well give you the facts on KoreCoin V2.0!
KoreCoin V2.0 is one of those altcoins who take anonymity and user privacy very seriously. It was actually the first X13 altcoin to have full anon working, with Tor embedded in the client and active Proof-of-Staking. Not a bad list of achievements I’d say!
However, more updates are coming in order to make KoreCoin V2.0 even better and more anonymous. The ZeroCoin idea was discussed, in regards to it being applied to KoreCoin V2.0 in the future, but a lot of work needs to be done in order to get it to work properly.
ZeroCoin will be migrated to ZeroCash over time, and integrated into the Bitcoin 0.9.1 wallet. As a result, we will see Bitcoin transactions going through the main blockchain, and ZeroCash transactions in an alternative chain.
However, the KoreCoin V2.0 developers have found a viable alternative to ZerCoin. While it’s still based on the same idea, it will be called “DarkKore” (not related to DarkCoin, but DarkNet). DarkKore will allow you to send transactions “in the dark”, under the normal chain . The code is being worked on as we speak, and more updates will be posted in the near future.
KoreCoin has also been looking at working on a coin mixing service, but this project has been put on hold for now. It will be finished soon though, so the project is still on the priority list. We do expect more news on the mixing service soon.
Some interesting feature are coming to the KoreCoin client as well. An anonymous chat, Exchange API access and even a built-in VoIP phone for (video) calls will be coming in separate tabs soon.
Let’s take a look at KoreCoin V2.0’s technical specifications!
* Algorithm: X13
* PoW Coins: 1.2 Million
* PoW Block Reward: 450 KORE
* Block 3200 – 4000 = 1000 KORE
* PoW Timefram: 4000 Blocks
* Block Time: 60 Seconds
* PoS Minimum Age: 1 hours
* PoS Max age: 8 Hours
* PoS Interest: 10%
* Total Coins: 12 Million
* Anon with TOR (Full Network Covered)
* ZeroCoin on Testing, Soon Full Working
* Mixing Service
On the exchanges front, KoreCoin V2.0 can be traded at BitTrex, Crypteon and BlockTrade.
To find out more about KoreCoin V2.0, you can use the following sources :
KoreCoin V2.0 website : http://www.korecoin.org/
KoreCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=668886.0
KoreCoin V2.0 on Twitter : https://twitter.com/NewKoreCoin