What is AudioCoin?

"AudioCoin builds on the Peercoin and (by association) Bitcoin protocol to provide a new way to consume music. It breaks down the barriers of traditional e-commerce systems and provides a super cool way for music fans and artists to engage in viral marketing. The main gain is that artists (producers) and music fans (consumers) are rewarded tangibly and thereby rendering the current streaming model both archaic and redundant.

When the first idea of AudioCoin was mooted, our main goal was to put the application specific features at the forefront of our thinking. As a solution for a particular vertical (The Music Industry) the coin has been developed so that the core software and applications can be ported to any other online music related platform. Our IP consists of the way we have applied open source software into a bespoke solution that can be plugged in to any other site."

-AudioCoin.eu
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General

TICKER SYMBOLS
ADC
AGE
5 years old (December 13, 2014)
CURRENT PRICE
$0.000086
Updated 1 second ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.025351
2 years ago
CIRCULATING SUPPLY
980,733,271 coins
Updated 1 hour ago via coinmarketcap.com
MARKET CAP
$84,564
Updated 5 minutes ago
CO-FOUNDER
Ken Foster
CO-FOUNDER
Dave Blundell
CO-FOUNDER
Mark Szymik

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (10,500,000,000 coins)
PRE-MINED / RESERVED
Yes (525,000,000 coins)
CONSENSUS MECHANISM
Proof of Work & Proof of Stake (Hybrid)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every block (~1 minute)

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