Bitcoin based on prime numbers
XPM is a peer-to-peer open source cryptocurrency that implements a unique bitcoin based on prime numbers computing proof-of-work system. This entity is bitcoin based on prime numbers related with the cryptocurrency Peercoin.
Primecoin has been described [ by whom? When comparing Primecoin with today's most widely spread cryptocurrency called bitcoin some notable differences are:. Primecoin uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts. The system is bitcoin based on prime numbers so that the work is efficiently verifiable by all nodes on the Primecoin network.
Other cryptocurrencies including bitcoin commonly use a Hashcash type of proof-of-work based on SHA hash calculations, which are of no value beyond its own economy.
List of largest known Cunningham chains of given length [13] includes several results generated by Primecoin miners. From Wikipedia, the free encyclopedia.
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Views Read Edit View history. This page was last edited on 4 Mayat By using this site, you agree to the Terms of Use and Privacy Policy. None, the primecoin peer-to-peer network regulates and distributes through consensus in protocol. Limited release, production rate before this limit re-evaluated with the production of every block at a rate of approximately 1 block per minute based on the difficulty with which primecoins are produced.
It looks like cryptocurrencies are also helping to spot some useful prime numbers, according to the folks behind Riecoin. Riecoin is a fork bitcoin based on prime numbers Bitcoin and offers the chance for distributed or standalone mining.
Participating in currency's gestation also has a by-product of highly-verified prime sextuplets. As prime numbers are rather handy when encrypting data, there's some value in knowing more about them. Riecoin claims that its cluster of distributed coiners have, during November, twice broken the world record for creating a prime sextuplet, a collection of six prime numbers packed together as tightly as possible.
On November 17 the Riecoin swarm cranked out a sextuplet in 70 minutes. A week later, bitcoin based on prime numbers beat that record and produced longer primes while doing so. There's more detail about Riecoin and the maths behind it in this FAQ.
Riecoin's also a cryptocurrency and is traded on several exchangesat a value of about 0. Minds Mastering Machines - Call for papers now open.
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