42-coin (42) is a rare deflationary cryptocurrency with completed emission, fair distribution, and both private and public transaction support. It is based on an open-source peer-to-peer internet protocol and hybrid Proof-of-work system / Proof-of-stake block generation methods.^[2]

Overview

42 Coin is similar to Bitcoin with its financial system and user-friendly features that allow users to send and receive coins with anyone in the world using digital addresses created by the network.^[3]

In addition, this cryptocurrency is 12x faster than Bitcoin and other alternative currencies because it only takes 42 seconds to confirm any payments, this brings ease to both senders and receivers providing reassurance that transactions have been successful.^[1]

42-Coin Proof-of-Stake

42-coin uses the mixed Coin-Age/CoinDayWeight approach to provide proofs of the stake. The Proof-of-Stake difficulty is adjusted so as to limit the rate at which new blocks can be generated by the network to 7 minutes target spacing rate.^[1]

Due to the very low probability of successful proof generation, this makes it unpredictable in which computers in the network will be able to generate the next solution.^[2]

42-Coin Proof-of-Work

A proof-of-work is a solution for the difficult (costly) mathematical task. This solution must be trivial to check whether data satisfies claimed requirements.^[4][5]

Currently, proof-of-work remains the most practical way of providing initial minting of a crypto-currency.

42-coin uses the hashcash method to provide proof of the work. The difficulty of this work is adjusted so as to limit the rate at which new blocks can be generated by the network to the required target spacing rate (from 10 to 25 minutes). Due to the very low probability of successful proof generation, this makes it unpredictable which worker computer in the network will be able to generate the next solution.^[3]