I’ve released the code of a cryptocurrency I’ve been writing, currently named Ercoin. Planned features:

  • 100% proof of stake — no wasteful mining.
  • Transaction messages.
  • 1-second confirmations.
  • No chain forks.
  • Expirable accounts instead of unspent transaction outputs.
  • Fair distribution via proof of burn — no premine, no ICO.
  • Accounts managed by multiple keys in arbitrary combinations.
  • Transaction fees decided by consensus.

Some background had been previously posted to the Erlang mailing list. An IRC channel has been created: #ercoin on irc.freenode.net.