4 February 2020 NEW wallet version is released v0.8.8.1, stage two - preparing for upgrade to new version&features&services, anonymous payments - read more below
Mediterraneancoin (MED) is a derivative of Bitcoin/Litecoin using a new proof-of-work algorithm called HybridScryptHash256.
HybridScryptHash256 integrates the best of Hash256 and Scrypt algorithms (respectively the core Proof of Work algorithms of Bitcoins and Litecoins), allowing the reuse of the less powerful ASIC Block Erupter devices.
The idea is to allow all the users of erupters and similar small ASIC devices to mine an altcoin without having "whales" coming and disrupt mining.
With HybridScryptHash256, each Hash256 mining iteration with an erupter is encapsulated between two Scrypt stages (a memory intensive algorithm whose parameters depend on the current difficulty).
In this way, a good amount of CPU power (or maybe even GPU power) is necessary for each Hash256 dedicated hardware.
If a miner owns a lot of Hash256 computing power, in order to mine Mediterraneancoins, he will need also a corresponding CPU power.
If the correspondent CPU power is not available, then the Hash256 compunting power is automatically limited.
1 minute block targets, about 6 hour to retarget difficulty
Special reward system: random block rewards depending on block number:
|random 1-100 MediterraneanCoins reward|
100k - 200k
1-200 MediterraneanCoins reward
200k - 300k
|1-150 MediterraneanCoins reward|
300k - 400k
1-100 MediterraneanCoins reward
400k - 500k
|1-70 MediterraneanCoins reward|
500k - 600k
1-40 MediterraneanCoins reward
|> 600k||20 MediterraneanCoins reward (flat)|
after that, subsidy halves in 1036k blocks (~1 year)
200 million total coins
protocol port: 9373, rpc port: 9372
MediterraneanCoins addresses start with "M".
Smaller ASICs have an advantage in mining, in respet to large ASICs; MediterraneanCoin is coin designed for small ASIC which cannot mine anymore Bitcoin.
new Proof of Work algorithm "HybridScryptHash256" requires extremely large CPU power, when mining with the biggest ASICs, making mining MED for them extremely difficult
sever: mediterraneancoin.cc / port: 59378 / protocol: TCP
server: mediterraneancoins.org / port: 59378 / protocol: TCP
server: mediterraneancoin.xyz / port: 59378 / protocol: TCP
To speed up sync process Download file blockchain_headers.zip and extract archive in your installation folder
./electrum-med (linux) OR app data/roaming/Electrum-MED (windows)
Start Electrum-MED, Tools->Preferences->Transaction fee-> 0.01
“Don't Trust. Verify.” ;)
Exclusively to MED !!! other wallets functionality not guarantee
Because of nature of Mediterraneancoin algorithm and old version code, only wallet problem is to recovery seed from Android wallet to Electrum wallet and vice versa, for this can be used BIP-39 Tool ported to MED to extract private keys.
Always Backup Your MED Wallet's Recovery Seed and Passphrase !!!
Whith this application you can :
-Create/restore MED wallet - not compatible with Electrum MED seed !!!
-Send/receive MED coins & view transaction on MED Block Explorer
-Export Master Pub Key "xpub" & import in Electrum MED wallet in Watching only mode
-Import(Sweep) private key from other MED wallets
-Enjoy MED reborning :)
# med-wallet_v1.6.5.apk - you can compile from source also
# med-wallet_v1.6.5.apk - added Chinese node for better connectivity
- require all node to upgrade
- At block 3395050 ~ 1 July 2020 block reward will drop to 5 MED
- Electrum MED & OpenWallet for Android working with v0.8.8.1
- MED blockchain snapshot at height 2939395 with txindex=1 snapshot_MED_3193527.tar.gz
- More is coming ;) preparing for upgrade to new version&features&services, anonymous payments, new site design etc.