When you get involved in cryptocurrency, a lot of people will tell you its “almost like playing the lottery”, as you never know what you will get. That, combined with the fact that we now have a coin called JackpotCoin, should make for a fun experience.
Despite its name, JackpotCoin isn’t just another cryptocurrency clone, as it does bring some very interesting and unique features to the table. Let’s take a look at what sets JackPotCoin apart from all the others, shall we?
First of all, JackpotCoin has its own mining algorithm, called Jackpot Hashing Algorithm (JHA), using a variable hashing round with SHA3, Blake, Groestl, JH and Skein. Both CPU and GPU mining are supported, and this algorithm should be ASIC-resistant (for now).
JackpotCoin also features the second generation of Proof-of-Work/Proof-of-Stake, with difficulty of both phases re-targeting independently. PoS blocks are generated at a faster rate, but the PoW blocks adjust to this in order to not flood the market with coins.
A lot of coins have promised random super block rewards in the past, but JackpotCoin is the only one who can actually deliver its promise of being truly random. Compared to other coins, bigger pools and multipools have no advantage over anyone else.
There is also a “Jackpot reward”, the value of which is determined by how long the previous super block has been generated. On average, a super block is triggered every three and a half days. The current value of an upcoming Jackpot block can be seen in the JackpotCoin client.
As far as the regular block rewards go for JackpotCoin, they started off at 100,000 coins per block on April 25th, and reduce by 10% every week. Approximately every 7 weeks, block rewards will be halved.
There was a minor 1% pre-mine for JackpotCoin, which will be used for development costs (website, server, developers), code maintenance & enhancements, bounties, shops, games, faucets, giveaways, and much much more.
As far as exchanges go for JackpotCoin, it’s currently listed on both AllCrypt and CryptoFunds. Voting is underway to get listed on MintPal, SwapHole and CryptoAltEx. Go and vote to get JackpotCoin listed!
JackpotCoin donations can be sent to : JM4TubyvxtG27WVvcmMRsHjaseJYQRcJw4