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CashCoin (CASH)

 

CashCoin (CASH)

CashCoin (CASH)

CryptoCash (market ticker CASH) sometimes referred to as CashCoin or DigitalCash, is a currency with similar application and uses to Bitcoin , but which deploys a number of enhanced features.
CASH was created by a small team determined to improve upon the Bitcoin (BTC) algorithms and create something unique and sustainable. Bitcoin is well known, Litecoin and DogeCoin are two of the many alternative Digital Currencies which are in their formative stages.

 

 

Summary of CryptoCASH Enhancements:
Variable Block Reward in newly created coins:
CASH , unlike Bitcoin ,uses a variable block reward. The algorithm utilizes Moore’s law which accurately predicts the growth of computational power. The creation of new coins (block reward) decreases on a scale related to the computational effort used, with a halving every 16x the network difficulty. The more miners, the lower the block reward. If there are less miners the block reward will increase. Overall this will combine with other factors to give an inflation rate of approximately 1% which will allow for greater long term sustainability.
Proof of Stake as well as Proof of Work mining to maintain the future Network:
CASH unlike many other Currencies is sustainable at a future point with no miners. Both Bitcoin and Litecoin require Miners to move coins through the chain. Utilizing Proof of Stake, CASH relies on individuals with wallets holding coins to keep transactions moving even without miners. No more stalled block chains! No more difficulty hurdles to find that next block. Because of this long term CASH is energy efficient and energy sustainable.
Inflation Rate is controlled (collared) by Stake (like interest payments) and Destruction of Transaction Fees. This is a really unique feature.
Scrypt Hashing. This is the most tried and trusted algorithm to date: Enables GPU mining and simplicity.

[ANN][CASH] Crypto CASH | Proof of Stake & COIN CONTROL | On Cryptsy | 0 PREMINE
January 20, 2014, 03:32:12 PM
#1
CryptoCASH… the FUTURE of digital currency!
****21 April Update Coin Control explained bottom of the thread thanks tmuir12*****

CryptoCash (market ticker CASH) sometimes referred to as CashCoin or DigitalCash, is a currency with similar application and uses to Bitcoin , but which deploys a number of enhanced features.
CASH was created by a small team determined to improve upon the Bitcoin (BTC) algorithms and create something unique and sustainable. Bitcoin is well known, Litecoin and DogeCoin are two of the many alternative Digital Currencies which are in their formative stages.

Summary of CryptoCASH Enhancements:
Variable Block Reward in newly created coins:
CASH , unlike Bitcoin ,uses a variable block reward. The algorithm utilizes Moore’s law which accurately predicts the growth of computational power. The creation of new coins (block reward) decreases on a scale related to the computational effort used, with a halving every 16x the network difficulty. The more miners, the lower the block reward. If there are less miners the block reward will increase. Overall this will combine with other factors to give an inflation rate of approximately 1% which will allow for greater long term sustainability.
Proof of Stake as well as Proof of Work mining to maintain the future Network:
CASH unlike many other Currencies is sustainable at a future point with no miners. Both Bitcoin and Litecoin require Miners to move coins through the chain. Utilizing Proof of Stake, CASH relies on individuals with wallets holding coins to keep transactions moving even without miners. No more stalled block chains! No more difficulty hurdles to find that next block. Because of this long term CASH is energy efficient and energy sustainable.
Inflation Rate is controlled (collared) by Stake (like interest payments) and Destruction of Transaction Fees. This is a really unique feature.
Scrypt Hashing. This is the most tried and trusted algorithm to date: Enables GPU mining and simplicity.

Here are a few reasons why CASH is better than your typical ALT coin:
CASH is a far more marketable globally understood name. Everyone understands what cash is use one of its other names crypto-cash or digital-cash and connections are already established in a merchants conscious.
Its Proof of Stake so eventually the coin does not need miners to support it.
Its Proof of Stake you get interest for holding the coin initial minting interest is 10% but as more coins are minted and more wallets holding it will decrease variably based on PoS difficulty.
Quality difficulty readjustment based on proven algorithms. Multipools wont leave this coin hanging stuck with a difficulty problem in fact its designed to fend them off.
Low block reward because having lots of numbers just to have them is silly. Also implies scarcity so it wont trade at 70 satoshis.
The coin confirms super fast.
Energy Efficient Long term. Once the coin is entirely Proof of Stake driven it no longer needs energy intensive miners!
Increased Security over Proof of Work coins.
Money Supply explained:
Unlike Bitcoin and many other alternative coins CASH does not have a fixed coin supply cap. This does not mean that CASH is more inflationary than other coins. The minting design attempts to better mimic gold and precious metals than other coins do. Gold does not have a known money supply cap either, but we know that it is reliably scarce. For many years the annual inflation of gold has been around 1-3%.

In CASH there are two types of minting, proof-of-work (PoW) and proof-of-stake (PoS). The PoW minting rate is regulated by Moore’s Law, which dictates that our ability in PoW grows exponentially. We are aware that Moore’s Law eventually has to end, but by that time inflation in CASH will likely already be approaching precious metal levels. The PoS minting introduces a maximum 10% annual inflation. CASH transaction (tx) fees are destroyed to counter inflation. So overall the CASH minting design is still a very low inflation comparable to Bitcoin.

There is a 47,433,600 coin maximum value in the source code, but that is only used for consistency checking and is not meant to be part of the minting design.

To be clear, the actual cap on the coin size is not 47,433,600 and will end up being much lower. The actual cap is totally dependent on market interest and user adoption.

For more information moneysupply can be found in the CASH getinfo in debug console output so you can see how many coins are in the network.

Inflationary and Deflationary forces of CASH:
CASH is designed so that it will theoretically experience roughly 1% decentralized inflation every year. This is a combined result of the proof-of-stake minting process, and scaling of mining difficulty with popularity. Although CASH technically has a cap of coins, it is only for consistency checking, and the cap will never be met. If the cap were to be reached, it could easily be raised, hence for all practical purposes CASH can be considered to have inflation of 1-3% per year comparable to Gold.

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