Article Summary, Automatically Generated By AI
Summary of MimbleWimbleCoin
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Characteristics:
- Clean and minimal implementation
- Follows Mimblewimble protocol for hidden amounts and scaling
- 2 variants of Cuckoo Cycle proof of work: Cuckaroo (ASIC-resistant) and Cuckatoo (ASIC-targeted)
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Block characteristics:
- Block time: 1 minute
- Fixed block reward with decreasing dilution over time
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Transaction fees:
- Based on number of
Introducing MimbleWimbleCoin: A Revolutionary Cryptocurrency
MWC is an ongoing implementation of the MimbleWimble protocol, with various aspects still in development. The following outlines the inaugural set of design decisions:
- Characterized by a clean and minimalist implementation, with a commitment to maintaining this simplicity.
- Built upon the Mimblewimble protocol, which ensures hidden transaction amounts and inherent scaling benefits.
- Employs the Cuckoo Cycle proof of work, featuring two variants: Cuckaroo, resistant to ASIC mining, and Cuckatoo, optimized for ASIC mining.
- Boasts a relatively rapid block time of just one minute.
- Features a fixed block reward that decreases over time, with a predetermined dilution schedule.
- Transaction fees are calculated based on the number of outputs created or destroyed, as well as the total transaction size.
- Difficulty adjustments are made according to a smooth, curved formula.