MasterCoin

Basic Info

• Launched: July 31, 2013
• By: J.R. Willett
• Type: Scrypt Algorithm
• Supply: 619478.5; or 0.029 x supply of BTC
• Speed: 35 seconds
• Retarget: Every 6 hours
• Reward: Block 1 - 1079 = 100 Coins; Block 1080 - 1180 = 1 Coin; Block 1281 - 1380 = 2 Coins; Block 1380 - 1480 = 4 Coins; Block 1481 - 1780 = 8 Coins; Block 1781 on = 20 Coins
• Reduction: Reward halves every 2703085 blocks (3 years)
• Premined: 0
• Fees: 0.01 MSC per transaction
• Website: http://www.mastercoin.org/
• Source: https://github.com/mastercoin-MSC/spec

Summary

Mastercoin (MST) is a new P2P cryptocurrenc like Ripple currency and a protocol.

It's goal is to advance many of bitcoin's features, roll out an automated currency exchange, enable users to easily create their own currencies, allow users to exchange contracts and more. Many of the functionalities are theoretical at this point (and ripple has first-mover advantage), but mastercoin's definitely worth watching.

News

• Jan 2012 - J.R. Willett published The Second Bitcoin Whitepaper. https://bitcointalk.org/index.php?topic=56901.0
• July 31 2013 - Willett launches version 1.0 of the Mastercoin Whitepaper. The "kickstarter" to bootstrap the protocol officially starts. https://bitcointalk.org/index.php?topic=265488.0
• August 31 2013 - The fundraiser officially finishes, after raising 4740.6200979 BTC (approx 600,000 USD at the time).
• October 18, 203 - Mastercoin Blog launched. http://blog.mastercoin.org/2013/10/18/hello-mastercoin-world/
• Oct 25 2013 - 300 BTC contest to create the distributed BTC <--> MSC exchange

Websites

Main Site: none available

Wallets

• HolyTransaction: https://holytransaction.com
• OmniWallet: https://www.omniwallet.org/

Exchanges

• https://poloniex.com/exchange#BTC_OMNI

Charts

• MasterChain: http://masterchain.info/

Pools

• PNWMiners: http://mst.pnwminer.com

Forums

• BitCoinTalk: https://bitcointalk.org/index.php?topic=265488.0
• Reddit: http://www.reddit.com/r/mastercoin

Social

• Mastercoin Facebook: https://www.facebook.com/mastercoinfoundation
• MasterCoin Twitter: https://twitter.com/MSCProtocol