Yet another coin with no chatter or movement? Plans?
Yes, we are planning to take Paccoin to greater heights than Bitcoin. We believe there are some flaws with bitcoin, and Paccoin aims to resolve many of those problems.
Like Bitcoin, Paccoin is a SHA256D coin, but with the advancement of Proof of Stake to help encourage saving.
The first problem is Bitcoin is limited to 21 million coins. When that limit is reached what are the miners going to do?
The second problem is the long time to confirm transactions. Since Paccoin's block time is one minute the confirmations are much faster, making Paccoin better for eCommerce.
The third reason is Paccoin is intended to be a worldwide currency from the start with a total of 100 Trillion coins eventually.
Paccoin pays 500 coins per block, per minute. That means you get more coins divided by members of the pool. Better than getting some fraction of a percent with bitcoin.
We plan on getting apps on android and iPhone so people can purchase everyday items from their cell phones, and working with fortune 500 companies to offer their products for Paccoin. We need help with developers who want to get involved on all levels.
