Neoscoin is today’s Random Coin of the Day. It’s the first coin developed in PHP. You don’t need a web hosting account or domain for this as you host it on your computer system, at (localhost or 127.0.0.1). Neoscoin even includes built-in exchange features to communicate with supported exchanges.
Neoscoin is mine-able with three different algorithms, X11, Blake-256, or Sha-256. The wallet also includes anonymity features, the Neoscoin IRC so you can talk to the community, and troubleshooting tickets in case you get stuck.
The following is a review of Neoscoin with information from the coin’s official BitcoinTalk announcement thread.
Market Cap: $190,000
Maximum coins issued: 21 Million
Hash algorithm: Multi-algorithm (your choice of algo): SHA-256, Blake-256, X11
PoW or PoS: POW
Is it able to be mined: Yes
Exchanges: BitTrex, C-CEX
Block explorer: Neoscoin Explorer
Launch date: August 24th, 2014 5PM EST
Arbitrush allows you to create a one-time key-pair if you wish to. That allows you to view the anonymous transaction later, and you may use it as proof that you actually sent the funds to the recipient if they claim that you never sent the funds.
Neoscoin allows for mining via three different algorithms, X11, Blake-256, and Sha-256, instead of forcing the miners only to use one algorithm to mine. That is a huge improvement for everyone. ASIC miners are more interested in Sha-256, but they don’t drive the difficulty sky-high for GPU miners on Blake-256 and X11.
There has never been a PHP based wallet until Neoscoin came along. The current interface uses the “SB Admin” theme from Start Bootstrap. The Neoscoin wallet also comes in the QT (Bitcoin Core style) flavor along with the web wallet. The informative Neoscoin video teaches you all about Neoscoin’s capabilities and seeks to clear up any misconceptions some users may have about Neoscoin.
“Syntaks” is the lead developer of Neoscoin and has been involved with the development of Bellacoin and other various coins as a contract developer. Syntaks works with two other developers to maintain and develop Neoscoin.
Neoscoin is integrating arbitrage trading into the web interface for coin-holders to trade across various exchanges they integrate. Neoscoin has not yet set a date for when they will deliver this new feature.
Disclaimer: I do not own any Neoscoins.
Photo Credit: Neoscoin logo borrowed from the Neoscoin BitcoinTalk thread