Guncoin (GUN) was successfully launched May 1st, 2014 as a newly developed crypto currency, similar to Bitcoin or Litecoin, but with a big nod to gun owners, enthusiasts and sellers needs. It is still going today and has withstood many naysayers and successfully survived in the AltCoin world.
Guncoin was originally developed utilizing the Litecoin type model and was mined with “Scrypt” style GPU mining. This allowed almost anybody to be able to mine it then. That was a good idea when GUN was launched. But with the rapid evolution and progression of ASIC’s in mining technology, Guncoin had to evolve also to stay ahead of the mining farms and protect the coin – so anyone who wanted to mine GUN, could still do that. Hence the move to the “Neoscrypt” algorithm in October 2014 at block 120000. Neoscrypt is the next generation algorithm that is much more secure and efficient for mining purposes. Those that are already set up for mining (without ASICs), will have no problem mining Guncoin with their existing equipment (CPU or GPU) now.
Guncoin Technical Specifications:
Port(s): 42954 (42953 Local RPC)
Cryptography: Neoscrypt PoW (Proof of Work)
Maximum Coins: 500,000,000 (500 million)
Block Rewards: Only 1 for the first 180 blocks. Adjusted to 200 after block 180
Block Time: 2 Minutes (30 blocks/hr x 200 GUN/block = 6,000 GUN/hr)
Difficulty Re-Target: DigiShield Implemented at block #30
Rewards Decrease: Every 500,000 Blocks
Guncoin Source Code: https://github.com/guncoin/guncoin
Guncoin Block Explorer: https://chainz.cryptoid.info/gun/
Sample Wallet Configuration File: