GAPS GAP to Quark QRK Exchange

Crypto Pair Details: GAP to QRK

GAPS GAP

Gapcoin is a new prime number based p2p cryptocurrency, which tries to eliminate the sticking points of other scientific currencies like Primecoin or Riecoin. It's a fork of Satoshi Nakamotos Bitcoin, a decentralized payment system which is independent of banks, governments and other centralized regulators. With Gapcoin, you will be able to anonymously send money around the globe in no time. The big improvement in comparison to Bitcoin is that instead of burning electricity for its own sake, Gapcoins Proof of Work function actually does useful work by searching for large prime gaps

Quark QRK

Quarkcoin is a coin which increases security by using 9 rounds of hashing from 6 different hashing algorithms - blake, bmw, grøstl, JH, keccak, skein. 3 of the hashing rounds apply a random hashing function. This compares with Bitcoin's solitary use of SHA-256 algorithm. There is no pre-mine for this coin. A new block is generated every 30 seconds and 2048 Quark is given out as reward per block at the beginning. This reward halves every 60480 blocks or roughly every 3 weeks. The initial supply of Quark is 247 million and this is expected to be mined in roughly 6 months since launch date. The supply will then continue to increase at an inflationary rate of 0.5% per year. Quarkcoin was launched on 21 July 2013.

SOURCE: COINGECKO

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