GLD – GoldCoin

goldcoin_scryptGoldCoin [GLD] is a scrypt PoW altcoin with a great name meaning “value” to billions of people Worldwide. It was launched in May 2013. Announced as an improved version of Litecoin currently using scrypt as a proof of work scheme.

Goldcoin website:

Goldcoin generation rules condense the entire history of gold from the beginning to the end when Earth’s finite supply is finally exhausted into a condensed and practical 100-year model making them both limited finite resources.

Goldcoin technical specifications:

  • scrypt PoW
  • 2.5 minute block targets up till block 44999
  • 2 minute block targets thereafter
  • 504 blocks per difficulty retarget up to block 44999
  • 60 blocks per difficulty retarget thereafter
  • total number of GLD coins: 123,423,900

Goldcoin block rewards:

  • Blocks 1 – 200 = 10,000 GLD
  • Blocks 201 – 2,000 = 1,000 GLD
  • Blocks 2,001 – 44,999 = 500 GLD
  • Starting Block 45,000 rewards drops to 45 GLD
  • Reward is then reduced each year using the following formula: 50 divided by (1.1 + 0.49*every year thereafter)

Goldcoin mining pools: (new) (new)

Goldcoin promotional video on YouTube:

Goldcoin github source code:

GoldCoin (GLD) now trades on both Cryptsy and CoinEx in both LTC and BTC markets.

Goldcoin block explorer:

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