What is Terracoin?

"Terracoin is a cryptocurrency that was created by an anonymous developer on October 26th, 2012, and eventually fell into a state of abandonment. Out of love for the coin, The Terracoin Foundation took over development and support of Terracoin on February 13th, 2016.

Originally Terracoin was very similar to Bitcoin, but since that time The Terracoin Foundation has implemented merged mining, Dark Gravity Wave difficulty recalculations, decentralized governance, masternodes, and a dedication to helping the world.

The Terracoin Foundation’s mission is to help the world while we continue to improve the technology Terracoin uses. We believe that blockchain technology can be used as an instrument to improve the world while we also create an innovative, flexible, secure and easier to use alternative to both Bitcoin and fiat currencies."

-Terracoin.io
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General

TICKER SYMBOLS
TRC
AGE
7 years old (October 26, 2012)
CURRENT PRICE
$0.035684
Updated 4 minutes ago via coingecko.com
CHEDDUR ALL TIME HIGH
$0.598858
6 months ago
CIRCULATING SUPPLY
22,935,396 coins
Updated 5 minutes ago via coingecko.com
MARKET CAP
$818,421
Updated 4 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (42,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
2m
CURRENT BLOCK REWARD
10 coins
HASHING ALGORITHM
SHA-256
DIFFICULTY ADJUSTMENT
Every block (~2 minutes)