42 coins (42-coin) is a digital currency released on January 5, 2014. Like LTC, it is based on the scrypt algorithm and GPU mining, also known as graphics card mining. The total amount of 42coin is 42!
42 Coin is an extremely rare deflationary cryptocurrency with full emission, fair distribution (no ICO, pre-release or instamine) and private and public transaction support. It is based on an open-source peer-to-peer internet protocol and a hybrid proof-of-work/proof-of-stake block generation method.

1. Project background

In early January 2014, a user named hendo420 launched 42 coins on the bitcointalk.org forum. His idea is to create a "super rare" coin of which "only 42 will be mined". The meaning of life, as defined by Douglas Adams' Hitchhiker's Guide to the Galaxy, is 42 in this case, the same as American baseball player Jackie Robinson in the 1950s The numbers used are related. In 1997, Major League Baseball generally phased out the 42 jersey number used by all major league teams for the first time in the sport's history, sending prices on Robinson memorabilia skyrocketing.

At its peak 42, it traded at a top rate of 1900.00 BTC per coin. At the time (January 13, 2014), there were only 0.8 coins in circulation, which meant it was the first coin to surpass a million dollars with less than 1 coin in circulation.

Second, Proof of Work with 42 Coins

Proof-of-work is a solution to difficult (and expensive) mathematical tasks. The solution must be simple to check that the data meets the requirements.

Currently, proof-of-work remains the most practical way to provide initial minted cryptocurrencies. Therefore, we decided to keep it as part of the hybrid design.

42 coins provide proof of work using the hashcash method. The difficulty of this work is adjusted so as to limit the rate at which the network can generate new blocks to the desired target interval rate (10 to 30 minutes). Since the probability of successfully generating a proof is very low, it is impossible to predict which working computer in the network will be able to generate the next solution.

Related links:
https://en.bitcoinwiki.org/wiki/42-coin< /span>

*The above content is organized by YouToCoin official, if reproduced, please indicate the source.