Hashing algorithm Uro

Urocoin information

Uro is a currency pegged to the value of 1 metric tonne of Urea, the world's most important fertilizer responsible for over half of total world food production by volume. Urea is an excellent option to peg a long term currency against because it cleanly tracks the gradual increase of energy and food prices (Urea is made from only energy, water and air - and its demand is based on the ever increasing need for food). An international group of Urea sellers have joined the Uro Foundation to form a legal consensus, the Uro Protocol. This document set out clear procedures for the exchange of Urocoins for Urea shipments at the pegged ratio. The protocol has been ratified by several Urea suppliers and is open to signing by any Urea seller.

The Uro Foundation is the non-profit volunteer organization that oversees the long term development, growth and maintenance of the Uro currency ecosystem by providing long term technical and marketing support.

Specifications

Algorithm: X11 PoW
Block Time: 3 minutes
Block Reward: 12 Uro in first 6 months, then ~1 Uro per block indefinitely.
Difficulty Re-target: Safe Gravity Well
Genesis Block Premine: 0 Uro
Total Units: 1,000,000 Uro over first 6 months, then 100,000 per year (to cater for anticipated 10% increase in trading volume increase per annum based on our projections of the Urea industry's growth globally).
Recommended Transaction Fee: 0.1% (0.001 Uro)
Standard Mined Block Maturity: 40 Confirmations
Transaction Confirmations: 6

Social

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Ports

RPC Port: 36347
P2P Port: 36348

Pools

Trade My Bit

Supernova

P2Pools

Downloads

Desktop Wallets
Uro Qt

Source Code

GitHub/Uro

White Paper

Uro Protocol

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CryptoCoinsRevolution.com: Hashing algorithm Urocoin