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On the 5th January 2014 UFO was launched; a blockchain based, decentralized digital currency based on the Bitcoin protocol with a very fast blocktime of just 1.5 minutes. The mission behind the currency is simple: “UFO is a new type of decentralized currency. Not minted or endorsed by any nation, but by users across the globe. Anywhere there is internet, you can send or receive UFO. Even in outer space”. The new digital currency is designed to be fast, with increased security and cost efficient mining – and is designed to be used for future “interplanetary transactions”.The new digital currency has received widespread support on the forums, with over 100 fans voting to see UFO traded on Cryptsy for Bitcoin. A number of famous UFO publications have already contacted the UFO dev team; expressing an interest in writing articles about the coin. There are also plans for a community website similar to abovetopsecret.com, which will pay users in UFO for contributing stories, news, sightings and videos.
UFO is the first serious sci-fi digital currency and is receiving widespread exposure in China, due to many Chinese supporters aiding the growth of the community. UFO is available on Windows, Linux and Mac; UFO clients are available for download from the UFO official website at ufocoin.cc. UFO has seen rapid adoption by cryptocurrency miners, perhaps due to the fact that the dev team has not “told aliens we are launching the coin, so start mining before they setup their own rigs.”. Unlike Bitcoin, UFO mining is accessible to anyone worldwide: UFO can be minted with consumer grade hardware.
Like Litecoin, UFO uses Scrypt as a proof-of-work algorithm. Security is also a prime concern of the UFO dev team; as the UFO website states “We don’t know how advanced aliens are technologically, but we surely don’t want our wallets to be compromised.”.
While the dev team certainly has a sense of humour, they are also serious about the security, longevity and professionalism of UFO. With its unique sci-fi vision and branding, its early widespread support from the community and its innovative plans for collaborating with the UFO community worldwide – UFO may be the first coin that really does go to the Moon. As the unique coin is still in its infancy, early adopters may be well positioned to potentially reap great rewards.
To learn more please go to: http://ufocoin.cc
UFO Coin on bitcointalk: https://bitcointalk.org/index.php?topic=399937.0
UFO Coin Protocol Details:
PoW algorithm: Scrypt
Block reward: 5000 UFO
Block time: 1.5 minutes
Starting difficulty: 0.00024414
Diff retarget: each 960 blocks
Max supply: 4 billion
Source code: https://github.com/ufocoin/ufo
This press release is for informational purposes only and should not be taken as investment advice.
Release ID: 30666