Payment Coin (POD)

Payment Coin (POD) Spec

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Technical Specifications

Block reward:  50 POD
Block halving:  840,000 blocks
Block Time:  ~2.5 Minutes
Difficulty Adjustment Interval:  Every 2016 blocks
Maximum supply:  84,000,000 POD
Hashing Algorithm:  Scrypt
Distribution:  POW mining: 99.5%
Ticker Symbol:  POD
RPC Ports: 2332/2333

 

Fair launch. No ICO. Pre-mine inspired by Pineapple Fund

0.25% Pre-mine = Charity Fund (saved for good causes)
0.25% Pre-mine = Bounty Fund (given away to early adopters)

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Crypto Thought Experiment

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Digital Gold (Asset) versus Distributed Computational Economy (Payment Coin) What is worth more? A cryptocurrency that provides a store of value like Gold? Or the original Bitcoin draft code and vision that was looking to build a distributed computational economy that could power global electronic cash, trade and services for a huge percentage of the world (both the banked and the unbanked). It...

qt wallet

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After installation, launch POD Payment Coin. You will see this default view that shows your wallet balance and recent transactions. A green tick at the bottom right of the wallet shows if you are connected to the POD Payment Coin network. Sometimes it may take a few minutes to synchronise.

setgenerate true

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Click ‘Help -> Debug window’. Then click ‘Console’ tab.   In the command line at the bottom type setgenerate true and click enter. This command starts the inbuilt mining software. Congratulations you are now part of the Payment Coin (POD) network and mining.   Important safety note. DO NOT enter commands into the console that you get off the internet, forums or other third party...

getmininginfo

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For the first 840,000 blocks to be mined, each block will reward the user with 50 POD coins. In the screenshot, you can see that 202 blocks have been mined by users. So in total 202 x 50 = 10,100 coins have been rewarded. You are mainly interested in the next block. So in this example the computer is trying to mine block 203. If the machine solves the equation the user will be rewarded with 50...

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Payment Coin (POD)

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In this relentless transformation of money, there are some casualties. Those who do not have bank accounts and have no access to the world of electronic money must rely on cash to live. But in a universe where bits are king, cash is an expensive commodity — and having to depend on it will trap people in poverty. So the money revolution is likely to widen the gap between rich and poor. Revolutions are rarely fair, often unpredictable, but usually irresistible. The rise of Payment Coin (POD) is no exception. Take part today, tomorrow maybe too late.