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SDC Seedcoin SDC Information

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SEEDCOIN SDC

 

Seedcoin (SDC) is a physically backed digital currency first described in this 2013 html doc by pseudonymous developer Spin "T", who called it a non GMO seed backed anonymous, peer-to-peer, electronic payments system. Seedcoin creation and transfer is based on an open source encryption protocol and is not managed by any central authority. The creation of new Seedcoins is automated and may be accomplished by servers, called Seed sowers that run on an internet-based network and confirm Seedcoin transactions by adding codes to a decentralized log, which is updated and archived periodically. Each seedcoin is subdivided into 30 million smaller units called seedlets, defined by two decimal places.

 

Seedcoins can be transferred through a computer or smartphone without an intermediate financial institution. Interested parties can authenticate the ownership of Seedcoin balances by using dedicated servers (the SeedSowers) to authenticate the seedcoin transaction log using a public-key encryption scheme. Each 8-minute portion or "block" of the transaction log also allows for a predetermined number of new seedcoins to be awarded to sowers based on computational data added to the log and confirmed by other sowers. The creation of a new seedcoin is thus a special case of a transaction in which the new seedcoin deemed issued in exchange for solving a computationally intensive encryption problem. The number of newly created seedcoins per period depends on how long the network has been running. Currently, 800 new seedcoins will generated with every 2.5-minute block. This will be halved every 1.6Million blocks until a hard limit of 1.3 Billion seedcoins SDC are reached.

 

Seedcoin will be accepted in trade by various merchants and individuals in all parts of world. Even parts that have no tech. access. A large share of such commercial use is believed to be for farming transactions. Although Seedcoin was initially promoted as the only solid back digital currency, many commentators will comend seedcoin's stable market value, relatively inflexible supply, and widespread use in trade. initual pre-sowing will go to seed banks based on their supply of seeds on hand.

 

Website

http://www.seedcoin.org/

 

Contact

info@seedcoin.org

 

SPECIFICATIONS

Scrypt Algo Proof of Work 1.3 Billion total coins Blocks of 800 Coins, halving every 1.6 Million Blocks 2.5 Minute Block Targeting Diff adjustment every 1300 Blocks

 

DOWNLOADS

 

Windows

http://www.seedcoin.org/downloads/

 

Source Code

http://www.seedcoin.org/downloads/

 

PORTS

RPCPort:  8722 P2PPort:  8723

 

POOLS

 

None available.

 

EXCHANGES

 

None available.

 

SERVICES / OTHER

 

None available.



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