Infinitecoin (IFC) is a peer-to-peer cryptocurrency and open source software project. It is the same as Litecoin (which was in turn inspired by Bitcoin), except that it will have 1142.86 times as many coins, and the difficulty with which coins are produced is adjusted more frequently.
Infinitecoin and Litecoin use scrypt hash function for proof-of-work introduced by Colin Percival. Bitcoin employs a different hash function, SHA-256. Infinitecoin network adjusts hashing difficulty every hour to maintain given block generation speed, and this process is known as retargeting. Litecoin and Bitcoin feature slower 2016 block retarget rate. The difficulty is adjusted according to increase or decrease of total network computational power which is called hash rate.
Infinitecoin was announced by fisheater, on 5 June 2013 on the Bitcointalk.org forum. The first block was released immediately thereafter, i.e. no premium mining existed.
INFINITECOIN — litecoin based cryptocurrency
Version 1.8.5 Released!Mandatory update.NEW DEV TEAM
"Hello everyone, I've been very happy to have created infinite coin and with the community went through the ups and downs with it. I have been trying to help the community on the fixes of issues and keep the coin in good state. But since I have a regular job, and which requires frequent travels, I don't always have access to internet and IFC code base. So I am not always be able to perform my duties and in time support as the owner of the coin.
I am very glad to announce that TECSHARE has agreed to take the leadership of this coin. I will hand over to him the github source account, and he will lead the IFC community to the next level."
Fisheater, December 04, 2013
Securing your wallet
Cryptocurrency makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, cryptocoins can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.
- Backup your entire wallet
- Encrypt online backups
- Use many secure locations
- Make regular backups
Benefits of cryptocurrency
Cryptocurrency is digital money which relies on cryptography. Cryptography is the art of protecting information by transforming it – or encrypting it – into an unreadable format. Someone has to have a “secret key” in order to decipher – or decrypt – the information so that it makes sense again.
- Mobile payments made easy
- Security and control over your money
- Fast international payments
- Works everywhere, anytime
- Almost free to use
- Protect your identity
- 30 seconds block target
- Initially 524,288 (2^19) coins per block, halves every month (86,400 blocks)
- Difficulty retargets every hour, with accelerated retargets at the beginning.
- 3 confirms per transaction
- Total about 90,600 millions coins (90+ billion coins)
- Scrypt proof-of-work
Start up infinitecoin-qt, wait for it to load, then exit.
Put infinitecoin.conf (see sample file below) in your c:/users/**yourcomputername**/appdata/roaming/Infinitecoin.
Restart infinitecoin-qt, and you should connect and sync.
For solo mining, launch cgminer or whatever mining program you like and begin mining.
infinitecoin .conf ex: listen=1 daemon=1 server=1 rpcuser=**Yourusername** rpcpassword=**Yourpassword** rpcport=9322 rpcconnect=127.0.0.1 addnode=22.214.171.124 addnode=126.96.36.199 addnode=188.8.131.52 (without **)
Cgminer .bat ex: cgminer.exe --scrypt -o localhost:9322 -u **yourusername** -p **password** (without **)
Multicurrencies rate. Convert coins to fiat
12 month timeline for Infinitecoins
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IFC month/day amounts
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