After roughly two months of mining from our fantastic supporters the block reward has finally dropped but this is far from the end of line with this coin, as services such as an Extremecoin escrow service are actively being developed.
A dedicated server and a cloud server have now been purchased, the latter to replace the VPS seed node and the dedicated server is for an Extremecoin service.
More updates to come.
Over the past month Extremecoin has seen a massive increase in community support and the amount of miners meaning that EXC is getting more popular everyday.
Just this last week the price of Extremecoin has nearly doubled with the amount of buy orders being placed and the reward drop will be playing a part in this.
Even better news is the fact that services are now starting to be released for this coin and below is a list of them with more to come:
Every Crypto-Currency needs a dedicated block explorer as it is an easy way for all users to keep track of and find transactions on the EXC network.
Faucets have sadly been a lacking service for many of the Alt-Coins but we are please to say that EXC has one.
It gives away to each new user a random amount between 0.1 and 2 EXC which right now might not seem like a lot but when the block reward drops to only 1 this will be a great place to start to get some Extremecoin in your new wallet.
Fully Hosted Forum
A forum for an Alt-Coin might not sound like a service but it definitely acts like one becoming a central place for information gathering, support assistance and project developments. The forum that Extremecoin is hosted on is one of the most dedicated and passionate websites for Alt-Coins that we have ever seen.
An escrow service is now in development to make payments more safe and secure.
Boring stuff out of the way first.
200 coins until block 17280, which is only 3456000 coins minted and then 1 coin per block there after.
2 Minute blocks
Difficulty adjustment every 1 block.
Website : http://www.extremecoin.org
Twitter : https://twitter.com/Extremecoin
Now the different part.
There is only going to be 5 Million coins in total for the block reward, after that as we know, miners just get the transactions fees.
This means that roughly around the two month mark from this release post (60 days) the block reward will be 1 + transaction fee’s.
I am not worried about people stopping mining this coin after the reward is gone, as I have got myself another rig that will be dedicated to just mining this coin and keep it going.
This will mean that they will be only 5 Million coins spread around to trade or use for purchase but always remember the decimal and that it can be broken down, new users tend to like to have whole coins and forget this sometimes.
All the links you need are top right of this website.
Thanks for your support and interest in Extremecoin.