All Alt News: TitCoin: A SHA256 Based Coin With A TIT In Adult Entertainment

Courtesy of TitCoin

TIT Accepted: 1BQxpDtzjFzKbdvw6U1gwnz8EFuPo3by7x

TitCoin is a next generation cryptocurrency with an unique adult entertainment concept of privacy and anonymity where it matters. The concept development of TitCoin started in November in 2013, but the open sourced software was not officially launched to the public until June 21st, 2014. Please do not confuse TitCoin with other adult entertainment related cryptocurrencies such as TittieCoin, TitCoin is not related to TittieCoin and goes by the ticker symbol TIT. TitCoin is the brain child of fully transparent developers Edward Mansfield and Richard Allen, who saw adult entertainment as the perfect medium to bring digital currency into mainstream use one TIT at a time.

TitCoin is an innovative altcoin that has the SHA256 proof of work algorithm. There is a total of 69,000,000 coins and a block reward of 69 coins. The coin has a 60 second block time and difficulty retarget after every block. In order to help fund development and community support for bounties, there was a small premine of 0.75%, which constitutes to a total of 517,500 coins. However, the actually premine amount was actually less than expected as shown at block number 7496.

The wallet's user interface is a first generation QT wallet. The menu 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. According to TitCoin, the transactional processing time of TitCoin is under 6 minutes whereas BitCoin can take over a hour to fully complete a transaction, which is not practical in the real world environment especially when users expect to see tits on demand and cannot be bothered with waiting.

TitCoin markets to the adult industry where many coins cannot actively promote to adult oriented businesses, while TitCoin can because it's an adult coin for adult activities. TitCoin accepting businesses are actively promoted by the TitCoin team and conveniently serve as the TIT accepting merchant's free marketing partner. Users can find TIT on multiple payment processing platform in order to easily assimilate accepting TIT as a form of payment in the user's business. The TitCoin team have been able to gain acceptance by a variety of payment platforms such as CoinPayments, CoinShipIt, CoinToPay and coming soon to Casheer once the mobile app is launched. Users and merchants are able to find TITs readily available at the tip of their fingers.

One major factor that separates TitCoin from the rest of the pack in Altcoin City is mainstream media coverage. Most coins are never featured on any mainstream media that's not related to crypto. Whereas TitCoin has been covered by major publishing media establishments such as CNET, Men's Health, Gizmodo, Times, Money & Tech, Bustle and the list goes on. TitCoin has gained the attention of businesses that normally do not touch the realm of the adult industry, which makes this an impressive feat by the TitCoin team. Latest breaking news for the TIT community is the possible partnership with Penthouse Magazine family royalty, Nick Guccione, as well as acquiring a new TitCoin dev team member Patrick "PK" McDonnell, better known in the cypto community as Coyote of Wall Street, for his days as depicted by the movie itself. Unfortunately Bitcentavo has reported that the Guccione deal has indeed fallen through, but the TitCoin dev team are not drowning in their sorrow or heavenly pair of TITs as they continue to reach out to Larry Flynt from Hustlers Club and other big names in the adult entertainment industry (http://bitcentavo.com/2014/09/24/breaking-news-the-guccionecoin-coin-deal-has-officially-fallen-through-9232014/).

TitCoin is not your typical altcoin because no other altcoin has been serious about supporting a cause that touches so close to many bedrooms around the world. You may find this coin to be ambitious because many coins have failed to achieve real world adoption, but you can be certain that this is not your typical pump and dump coin and is a step closer to mass adoption. You may find TitCoin to be a long term investment.