Thursday, July 17, 2014

APEXCoin: A Pure PoS Coin with a Brief X13 Based PoW Period

Courtesy of APEXCoin

APEX Accepted: AS7inRUmpWxoz5HEfrYrEXsFABkHV54zG9

APEXCoin is a next generation cryptocurrency with an unique adaptive development concept.  The open source software was launched on July 11th, 2014 by fully anonymous member of by the name of APEXcoin_Team, created on July 11th, 2014.  The crypto identity of the APEXcoin Team remains unknown, but the purpose of the coin is to follow the APEX Protocol.

APEXCoin is an innovative altcoin that has the X13 proof of work algorithm with a 60 second block timer.  There was a total of 15,000,000 coins with a mining block reward of 750 coins and 5 coins to the development fund, with no large block rewards up front for early miners.  However, due to popular vote by the community, the PoW phase was cut short from 15,000 blocks to 10,000 blocks, thus reducing the total amount of coins to approximately 5,000,000 coins.  As a result, the PoW phase will continue until block 10,000, then APEXCoin will convert to a fully operational proof of stake coin with a 10% annual interest rate after a 24 hour coin maturity age.

The wallet's user interface is a next generation wallet with several built in functions compared to the usual simple first generation QT wallets.  The side tabs includes Overview for viewing balances, Send coins for sending coins, Receive coins for receiving addresses, Transactions for list of transactions, and Address Book for list of wallet addresses.  Special side tabs includes Statistics for current network information, Block Explorer for block chain search, and Social for social media access.

The concept behind APEXCoin is based on the APEX Protocol, which is an acronym for Adaptive Protocol Environment and X13 for the algorithm.  The drive for APEXcoin is to adapt and adopt the latest desirable technology into their protocol as desired by the community by popular vote.  Adaptation and constantly changing to keep up with the ever changing technology allows APEX to survive and stay relevant in the endless sea of other altcoins that often fall into the dark abyss.  There is a premine of 1% for bounties and a small development fund during the proof of work phase to fund development projects in order to attract volume and pursue mass adoption as a cryptocurrency along with application integration outside of the crypto world.

APEXCoin is not your typical altcoin because no other altcoin dev would consider constantly changing their coin protocol at the whim of the community.  You may not know what is the finalized road map of this coin due to its adaptive nature of growth and development, but you can be certain that this is not your typical pump and dump coin.  You may find APEXCoin to be a long term investment.

"Adapt to survive, adapt to Thrive." - APEXcoin_Team

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