How does Maxcoin compare with previous cryptocurrencies?
- What hash algorithm does it use?
- What reward schedule has been announced?
- Does it solve any problems that Bitcoin or another previous crypto didn't solve?
As far as we know,
Scrypt or SHA-256? Keccak (SHA-3)
How many coins? 250,000,000
Block reward? 96 MaxCoin per block, halving every ~12 months
Difficulty? Retargeting using Kimoto Gravity Well algorithm.
Block time? 30 seconds
In fact this coin doesn't solve any significant Bitcoin (sometimes arguable) weaknesses.
If we take a look at the interest e.g. in Twitter followers that have grown from zero to 6.6k within 2 weeks this is a lot compared to e.g. Zerocoin that has 1.6k followers after about year and a half activity. We might speak about a cryptocurrency Dot-com bubble as this altcoin doesn't have any significant additional technical or economical value.