Statercoin, is the new peer-to-peer digital cryptocurrency was created on December 31, 2013 as a fork of Litecoin. It also uses scrypt hashing algorithm and based on an open source protocol and is not managed by any central authority.

It allows you to send and receive instant payments anyone in the world without charges. If you are familiar with Bitcoin but with a little difference since you can mine it using a consumer grade hardware.

Statercoin uses faster confirmation ( 2minutes) and uses memory-hard, scryptbsed proof of work algorithm targetting regular computers and GPUs.

Mining in Statercoin produces 250 coins per block every 2 min with difficulty adjustment every two days every 2016 blocks. 720 blocks is available to be mined every day and block rewards will be halve every 840,000 blocks in approximately four years. 10 billion Statercoins will be available.

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2014-01-10
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