42, The Million Dollar Coin #Alts #CryptoCurrencies

A new coin named simply "42" has been launched.  It’s play?  Well only 42 coins will ever be minted.  This relative scarcity is pushing the coin up to unseen levels for any coin to date, in excess of 1,500 Bitcoins for just one 42 coin.  

As with other coins, 42 is divisible so no one is shelling out $1.5M for entire coins, but the valuation is shocking non-the less.  It is an interesting exercise in understanding what scarcity can do to prices.  

If you are interested in trading alternative crypto currencies, you should look here for details on how to do so.  

SPECIFICATIONS

• Scrypt Algo
• 42 coins Max
• 42 second block time
• Difficulty re-target every 7.5 minutes
• No Block reward for the first 420 blocks
• Blocks 420+ are 0.00004200 block reward
• Tx fees are 0.00000001

BLOCK REWARDS

• 0.00000010 Block reward for the first 419 blocks
• Blocks 420+ are 0.00004200 block reward

SUPERBLOCKS

• Certain blocks will give 10x normal block reward
• Block 420 is a SUPERBLOCK with 10x the normal block value