Cryptocurrency is so powerful yet less than 0.01% of the population have ever used it. Why?
It’s too complicated! Aricoin is changing that by making cryptocurrency easy to understand. The only cryptocurrency with it’s own currency symbol ₳ on every keyboard in the world! Hundreds of altcoins have been released that focus on protocol innovation, while we see this as a very important aspect in the evolution of crypto we feel the real priority lies in getting the general public and people outside the tech community using cryptocurrency.
- Release date February 07, 2014, 07:15 AM
- Hashing algorithm Scrypt Proof-of-work
- Current circulation ≈232,432,480 (Feb 18)
- Max coins ≈322.6m
- Blocks every 3 min
- Difficulty adjustment every block
- Ports 16567 / 16568
- Currency symbol ₳
- Currency code ARI
The aim of Aricoin Project Supporters is to accomplish this as fast as possible. Non-tech savvy users don’t need to know how things work behind the scenes. They simply need to know the benefits of cryptocurrency and that they are supporting a much fairer financial system.
AricoinPay does all the hard work and displays everything in an easy to understand manor.
AricoinPay (BETA)AricoinPay is an advance system similar to PayPal (without the negative side) that improves upon the Aricoin cryptocurrency experience by making it easy to use and understand. Our web API offers developers a way of integrating with cryptocurrency faster than ever before to push innovation to new heights.
Easy Access with Gift Cards
Gift cards can be made for any of our supported currencies and allow for much easier access to the cryptocurrency world without any fees. You can create and redeem gift cards in seconds with AricoinPay.
Tipping / MicroPayments
Users can show appreciation by tipping without worrying about processing fees. 1,000 users can tip $0.10 for a well written article that will generate the website owner $100. MicroPayments are impossible on any other payment service due to high processing fees. Tipping is just one example of an innovative use of our web API. You can place a script on your site that will generate a tip button for every page.
To make it easier for users to understand we offer the ability to have prices around the site displayed in local currencies. We currently support displaying in ARI, USD, GBP, CNY, AUD, BRL, CAD, HKD, IDR, JPY, MXN, NZD, SGD, CHF.
No Transaction Fees
AricoinPay will always operate with zero transaction fees. We will be charging high volume merchants a small fee, but until then we are relying on donations sent to the Aricoin project.
Merchants have no risk of chargebacks or lost funds, every transaction on AricoinPay is final.
AricoinPay supports recurring payments and gives the option to redirect to a custom URL after a purchase occurs. You pay users by email on AricoinPay, you don’t need to remember a long complicated address. If the user hasn’t got an account we create a gift card and email the user with a redeem link.
When an account is created on AricoinPay you are given an anonymous account tag. You can use this instead of your email to remain anonymous while receiving payments.
Send from Any Device
AricoinPay is web-based and optimised for most popular mobile and tablet devices. As long as you have an internet connection you can use Aricoin without any additional software. We are in the process of testing SMS payments for offline payment handling.
Our API provides access to the send, balance and transaction history features of AricoinPay. With an account secret key you can access any of these methods by sending a signed request to one of our API urls.
Instant Payment Notifications (IPNs)
You can configure a URL to be notified when a payment has been made to you. We ping this URL with data about the transaction so you can handle the customer.
# Aricoin Network (ARI)
What is Aricoin?
Aricoin is a a digital currency descended from Bitcoin. Unlike Bitcoin it does not use SHA256 as its proof of work (POW). Aricoin employs a simplified variant of scrypt much like Litecoin. The goal of the Aricoin Project is to make cryptocurrency accessible to everyone. Aricoin enables instant payments to anyone, anywhere. The Aricoin Network uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. The Aricoin Network is the name of open source software which enables the use of this currency. The Aricoin Project is a collective of developers who share the same vision - making cryptocurrency accessible to everyone.
For more information, as well as an immediately useable, binary version of the Aricoin Network software, see http://aricoin.org.
- The default ports are 16567 (Connect) and 16568 (RPC) - 3 min block target - diff retarget each block - 3 transaction confirmations - 50 minted block confirmations - Total coins will be 322,649,400 - Difference retargets each block
Block 15,001-50,000, Payout 1000 coins per block Block 50,001-150,000, Payout 500 coins per block Block 150,001-300,000, Payout 300 coins per block Block 300,001-500,000, Payout 200 coins per block Block 500,001-1,000,000, Payout 100 coins per block Block 1,000,001 - 2,000,000, Payout 50 coins per block Block 2,000,001 - 3,000,000, Payout 10 coins per block Block 3,000,001 and afterwards, Payout 1 coin per block
Aricoin is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.
Development and contributions
Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.
The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if they don't match the project's coding conventions (see coding.txt) or are controversial.
The master branch is regularly built and tested, but is not guaranteed to be completely stable. Tags are regularly created to indicate new official, stable release versions of Aricoin.
Feature branches are created when there are major new features being worked on by several people.
From time to time a pull request will become outdated. If this occurs, and the pull is no longer automatically mergeable; a comment on the pull will be used to issue a warning of closure. The pull will be closed 15 days after the warning if action is not taken by the author. Pull requests closed in this manner will have their corresponding issue labeled 'stagnant'.
Issues with no commits will be given a similar warning, and closed after 15 days from their last activity. Issues closed in this manner will be labeled 'stale'.