Samcoin

Samcoin is a mineable decentralized crypto that allows fast, secure and almost free transactions, with the goal of becoming one of the most used coin for online purchases. This global payment network is decentralized, meaning it has no central authorities, hence making the transactions safer than ever. The SamCoin wallet is designed to be highly secure yet user-friendly for every class of investors, even the beginners.

Samcoin uses Tenebrix’s Scrypt Proof of Work that allows the mining of SamCoin. All these factors combined make SamCoin way more practical than other alternatives of Bitcoin. And not just the alternatives, there are factors where SamCoin even trespasses the Bitcoin itself. High transaction fees with Bitcoin limit trading to large goods, and long transaction times take the wind out of Bitcoin’s sails –this is where Bitcoin fails in practicality. The Samcoin blockchain is capable of handling a much higher volume of transactions, at a far lower transaction fee than its Bitcoin counterpart. Another arena where SamCoin surpasses Bitcoin is the usage for small merchants.

SamCoin is mineable and miners will be  rewarded with 150 new coins per block, and that decreases with time. SamCoin’s generation is functioned to properly mimic Bitcoin’s generation process which is halved every 210,000 blocks, whereas Samcoin generation is halved every 8,400,000 blocks. If you do the math, Samcoin is scheduled to produce about 14 times as many coins as Bitcoin, with a maximum supply of 290 million Samcoin.