benred06 / cc-core

crystalcoin

What is crystalcoin?

crystalcoin is a Blockchain using the highly-secure and power-efficient NIST5 algorithm. Combining limited Proof-of-Work, crystalcoin coin (crystalcoin) is unique in its distribution.

Technical Specifications

Ticker	crystalcoin
Algorithm	NIST5/SHA-256
Consensus	Proof-of-Work
Maximum Supply	21,000,000*
Block Time	64 Seconds
Block Size	10 MB
Transactions Per Second	~800
Retarget	Every Block
Lightning Network	Yes
Atomic Swap	Yes (Barterdex)
Premine	3%
Foundation	Yes

Work in progress

SegWit

Our Mission

Leverage Blockchain technology and provide users with fast and secure transactions. We believe Blockchain is the future for many purposes such as data storage, payments and operations. Integration of Blockchain for our daily use leads to higher efficiency in applications.

Fast, Today

Time is one of the key elements in our lives. Especially when it comes to financial transactions, lack of existing money transaction speed, companies or individual users are facing delays. This leads to a slowdown in activities. crystalcoin offers a solution to cover such bad processes. Time is money, money is crystalcoin.

Safe & Anonymous

Security is another very important point on which today's world stands. By using crystalcoin you can make secure payments be done, which gives confidence to the community.

Decentralized, Distributed

Applications are the future need for higher efficiency and cost reduction. crystalcoin is your solution for decentralized Payments.

Efficiency

crystalcoin uses the NIST5 hash, which is chosen as the winning algorithm by the US Nation of Science competition. Combination of security and mining efficiency were the key points taken into account.

Why NIST5?

crystalcoin chose to use NIST5 as its hashing algorithm because it has been proven to be more secure and power-efficient than other leading algorithms. NIST5 is a combination of the finalists and winner of the US National Institute of Standards and Technology Hash Function Competition (specifically BLAKE, Grøstl, JH, Keccak/SHA-3, and Skein). NIST5 was created fairly recently, and immediately saw use by other coins, but failed to see mainstream adoption.