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XPM is a peer-to-peer open source create primecoin wallet that implements a unique scientific computing proof-of-work system. Primecoin's proof-of-work system searches for chains of prime numbers. Primecoin was created by a person or group of people who use the pseudonym Sunny King.

This entity is also related with the cryptocurrency Peercoin. Primecoin has been described[by whom? For the same reason, Primecoin used to be the target of malware writers. When comparing Primecoin with today's most widely spread cryptocurrency called bitcoin some notable differences are:. Scarcity is governed by the nature of prime number distribution Almost all cryptocurrencies in existence define their scarcity create primecoin wallet merely by a set of predefined values in source code, whereas create primecoin wallet of Primecoin is based purely on a relationship of a simple function and mathematical property of natural occurrence of prime chains in the set of whole numbers that are.

No predefined ultimate number of coins Instead of having hard-set ultimate number of coins in its code like many other alternative cryptocurrencies, number of Primecoins released per create primecoin wallet is always equal to divided by the square of the difficulty.

There has been some attempts at approximating this number. The number of Primecoins that will be mined will be determined by the progress of its adaptation by the mining community, improvements that will be done to the mining algorithms and ultimately by Moore's law. Create primecoin wallet adjustment is more frequent Primecoin protocol adjusts its create primecoin wallet slightly after every block. The difficulty change that occurs each block is create primecoin wallet at achieving target of one new block created once per minute.

As comparison the bitcoin create primecoin wallet adjusts its difficulty every blocks, or approximately create primecoin wallet two weeks. Faster transaction confirmations Since Primecoin blocks are generated 8 to 10 times as fast as bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast. Primecoin uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts. The system is designed so that the work is efficiently verifiable by all nodes on the Primecoin network.

To meet this requirement, the size of the prime numbers in the system cannot be too large. The Primecoin proof-of-work system has the following characteristics:. Three types of prime number chains are accepted as proof-of-work: Cunningham chain of the first kind. Cunningham chain of the second kind.

Other cryptocurrencies including bitcoin commonly use a Hashcash type of proof-of-work based on SHA hash calculations, which are of no value beyond its own economy. List of largest known Cunningham chains of given length includes several results generated by Primecoin miners. It is a free primecoin faucet. All our payments are sent instantly to your FaucetHub.

Features When comparing Primecoin with today's most widely spread cryptocurrency called bitcoin some notable differences are: Proof-of-work system Primecoin uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts. The Primecoin proof-of-work system has the following characteristics:

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XPM is a peer-to-peer open source cryptocurrency that implements a unique scientific computing proof-of-work system. This entity is also related with the cryptocurrency Peercoin. Primecoin has been described [ by whom? When comparing Primecoin with today's most widely spread cryptocurrency called bitcoin some notable differences are:. Primecoin uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts.

The system is designed so that the work is efficiently verifiable by all nodes on the Primecoin network. Other cryptocurrencies including bitcoin commonly use a Hashcash type of proof-of-work based on SHA hash calculations, which are of no value beyond its own economy. List of largest known Cunningham chains of given length [13] includes several results generated by Primecoin miners.

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None, the primecoin peer-to-peer network regulates and distributes through consensus in protocol. Limited release, production rate before this limit re-evaluated with the production of every block at a rate of approximately 1 block per minute based on the difficulty with which primecoins are produced.