Cryptogenic Bullion

CGB

Cryptogenic Bullion

Coin Code: CGB

Hashing Algorithm: Scrypt

Description:

With Bitcoin gaining wider adoption as a currency across the globe, businesses not adapting to this development risk missing out on potential revenue streams. But once a business, large or small, joins the Bitcoin economy, it faces misallocation of risk. In particular, given Bitcoin’s still maturing market, businesses are susceptible to price volatility, which can stress balance sheets. So a common question many businesses will ask is how to hedge against the inherent risks of adopting Bitcoins. Cryptogenic Bullion, a virtual commidity-currency, aims to answer such a question.

Coin Details

Coin Market CAP:$70397.7365643 USD
Coin Price:$0.07 USD
Coin in Existence:956,160
Coin Position (CAP):111
Block Count:856338 Blocks
Block time:60 secs
Block Reward:0.01000000
Mining Difficulty0.30626694
Profit Ratio:0.00000000
Profit Ratio Avg:0.00000000

Specifications:

  • Proof of Work/Proof of Stake Hybrid Scrypt Linear
  • difficulty retarget (every 2 blocks)
  • 5 Confirms
  • 60 Second block time
  • 10 Bullion per block (1st 55k blocks)
  • 2% Annual PoS Subsidy halving after every 50k blocks until reward of
  • 0.01 is reached were it will remain forever
  • 1,000,000 CryptogenicBullion with 0.5% annual inflation
  • Default P2P Port: 7695
  • Default RPC Port: 8395

Market Prices

Exchange Currency Pair Last Price
Cryptsy CGB/BTC 0.00031004
Cryptsy CGB/LTC 0.03890023
Cryptsy CGB/XRP 5.44999999
Bittrex BTC-CGB 0.00026000
Bittrex LTC-CGB 0.08000000

Last 1000 Transactions


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