Charnacoin is a new cryptocurrency based on CryptoNote / Monero technology. It's major benefit is to provide much stronger privacy to both the senders and receivers of transactions.
With Charnacoin, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.
Charnacoin improves upon the base CryptoNote technology in several ways that strengthen its anonymity and reduce the size of the global ledger of all transactions, called the "blockchain".
Charnacoin (CHRC) is a privacy-focused cryptocurrency that is not based on Bitcoin's code. Charnacoin aims to be a tangible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks.
Some of CHRC/CharnaCoin key features are:
Untraceable payments
Unlinkable transactions
Blockchain analysis resistance
Adaptive parameters
Specs:
PoW algorithm: CryptoNight <> from CryptoNote / Monero. CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
Max supply: Infinite <> Initial number of atomic units is M = 199,999,999. However, once the block reward reaches 0.3CHRC per minute that is treated as the minimum subsidy, which means that Charnacoin's total emission will forever increase by ~157680 CHRC annually.
Block reward: Smoothly varying <> Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-8, where A = current circulation.
Block time: 60 seconds
Difficulty: Retargets at every block
Premine: no, however mining will be very beneficial with the first months of the currency's network
CHRC/CharnaCoin is already trading on cryptodao (slow first choice), is actively being voted on LiveCoin, and will soon be trading on CoinExchange.io
CHRC also has commercial avenues that is had previously established that will be using as one of the various payment methods for clients. Two of these avenues now are Solar and Organic Farming with Thompson Organics. CHRC/CharnaCoin currently has 3 mining pools operating (independently), and has wallet translation coming in Russian, Indian, and Vietnamese.