Pascal Coin PASC

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Price

BTC 0.0001
USD

0.22

Market Cap.

USD

5,306,703

Change % (1H)

%

0.72

Change % (24H)

%

-2.21

Pascal Coin (PASC) Historical Price & Volume Charts

Description

Pascal Coin prides itself on being an easy to understand and easy to work with Crypto because it is very similar to a bank. Using accounts instead of a cryptographic address lowers the entry barrier for people not used to the crypto space. Everybody needs to have a personal account in order to receive or send coins. The name derives from the use of Pascal programming language in the reference client.

Read White Paper Here

Genesis Date: 2016-11-08

  • Written in the Pascal programming language. This is the first cryptocurrency written in the Pascal programming language. Easy to understand for students and binary multi-platform compatible. (like "C++", the language used to make BitCoin)

    • All code is new and written by the Pascal Coin creator Albert Molina
    • Cross-platform. Source can be compiled with Delphi and/or Free Pascal compiler and run over with Windows / Linux / Mac
  • Pascal Coin works with ordinal numbered accounts instead of complicated cryptocurrency addresses, yes, like a traditional bank (from account "0" to account "XXXX")

    • To operate with coins, first, you must have at least one account (like a bank)
    • Accounts are created on each block by the miners. Each block creates 5 new accounts
    • Users can't create accounts by themselves. Unless the user is a miner and creates a block. Users can only create public/private keys to operate with accounts. Users can also have someone with an extra account send one to their public wallet key.
  • Crypto keys (Public key/Private key) are not part of the address like Bitcoin, keys are used as a personal password to operate with your accounts (like a password PIN), wallets can also be locked with a password.
  • Due to the White Paper explained concept, historical transactions can be deleted, but there will always be some nodes with all historical transactions to check consensus on the blockchain.
  • Average block time - 5 minutes

    • 288 blocks per day
    • 105,120 blocks per year
    • Note: Average is an estimation, due to internal adjusting mechanism, real average time is a value between 4 and 5 minutes, having a range of 288-360 blocks/day or 105,120-131,400 blocks/year
  • Pascal Coin use's 4 decimal values: ex. 15.1234 (15.12345 is not a valid value)
  • Initial reward per mined block is 100.0000 Pascal Coins per block.
    • This value will be divided by 2 every 420,480 blocks (average 4 years), so the next cycle reward will be 50.0000, 25.0000, etc. ... until reaching 1.0000 Pascal Coin per block.
    • The minimum reward will be 1.0000 Pascal Coin. After block 2,943,360 (avg 32 years) the block reward will remain a constant 1.0000
  • Pascal Coin uses self-creating accounts. Each block produces 5 accounts
  • 3 operation types can be done with Pascal Coin:

    • Transaction 1 to 1: A single and simple transaction, from one account to another account.
    • Change Account key: Change Public/Private key of an account.
    • Recover funds: Explained on the White Paper. This is to prevent lost keys/lost coins inside the Pascal Coin blockchain. This operation can only be done by miners when mining.
      • Recover funds can only be executed after 420,480 blocks when no operations occur in an account (approx 4 years)
  • In order to easily operate with Accounts, each account has 2 extra verification numbers.

    • Account "0" -> "0-10"
    • Account "1" -> "1-22"
    • Account "12345" -> "12345-54"
  • Cryptographic keys (elliptic curve keys) used by Pascal Coin can be one of:

  • Genesis block was created on August 11 2016
  • This coin has NO PREMINE. All coins have been distributed to miners from block 0.
  • Note: Current blockchain version is 1. The Pascal technical's can only change with a blockchain version upgrade
Date Price Volume
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