3 August 2019 upgrade wallet to v0.8.8.0 / protocol version 80002, preparing for upgrade to new version&features&services - read more below

Mediterraneancoin (MED) is a derivative of Bitcoin/Litecoin using a new proof-of-work algorithm called HybridScryptHash256.

HybridScryptHash256 integrates the best of Hash256 and Scrypt algorithms, allowing the reuse of the less powerful ASIC Block Erupter devices.

HybridScryptHash256 allows all the users of erupters and similar small ASIC devices to mine an altcoin without having "whales" coming and disrupt mining.


                                   

Bitcointalk actual thread                         MED web Wallet-under test !       

web.med-pool.net pool                                       MEDminer assistant       

MED Abe Block Exporer                                      MED old pages       

MED Block Exporer                               Trade [MED] -> https://www.bkex.com       


  • MediterraneanCoin [ MED] is cryptographically safer and more resistant then Bitcoin and Litecoin to blockchain attacks and malleability problems thanks to its new, cryptographically stronger Proof of Work algorithm hybridscrypthash256.
    Hybridscrypthash256 combines the Proof of Work algorithm of Bitcoin (SHA256) with  Litecoin Proof of Work algorithm (Scrypt) in an innovative way, allowing to reuse small USB erupters and similar small ASIC devices for mining. Computational power of the pc weights in as the difficulty of the network increases.
  • Why MediterraneanCoin was developed?

    HybridScryptHash256 integrates the best of Hash256 and Scrypt algorithms (respectively the core Proof of Work algorithms of Bitcoins and Litecoins), allowing the reuse of the less powerful ASIC Block Erupter devices. 

    The idea is to allow all the users of erupters and similar small ASIC devices to mine an altcoin without having "whales" coming and disrupt mining.

    With HybridScryptHash256, each Hash256 mining iteration with an erupter is encapsulated between two Scrypt stages (a memory intensive algorithm whose parameters depend on the current difficulty).

    In this way, a good amount of CPU power (or maybe even GPU power) is necessary for each Hash256 dedicated hardware.

    If a miner owns a lot of Hash256 computing power, in order to mine Mediterraneancoins, he will need also a corresponding CPU power.

    If the correspondent CPU power is not available, then the Hash256 compunting power is automatically limited.

  • Features

1 minute block targets, about 6 hour to retarget difficulty

Special reward system: random block rewards depending on block number:

block number reward
 Special block reward system
1-100k
random 1-100 MediterraneanCoins reward
100k - 200k
1-200 MediterraneanCoins reward
200k - 300k
1-150 MediterraneanCoins reward
300k - 400k
1-100 MediterraneanCoins reward
400k - 500k
1-70 MediterraneanCoins reward
500k - 600k
1-40 MediterraneanCoins reward
> 600k 20 MediterraneanCoins reward (flat)








after that, subsidy halves in 1036k blocks (~1 year) 

200 million total coins

protocol port: 9373, rpc port: 9372

MediterraneanCoins addresses start with "M".

  • Why MED is best!!

SAFER CRYPTOGRAPHY

the new Proof of Work algorithm "HybridScryptHash256" is stronger than Scrypt and Hash256 and thus cryptographic attacks are much more difficult

SMALLER MINERS

Smaller ASICs have an advantage in mining, in respet to large ASICs; MediterraneanCoin is coin designed for small ASIC which cannot mine anymore Bitcoin.

NO ASIC WHALES!

new Proof of Work algorithm "HybridScryptHash256"  requires extremely large CPU power, when mining with the biggest ASICs, making mining MED for them extremely difficult


Download new Wallet v0.8.8.0

addnode=94.156.77.93

addnode=87.120.254.197

addnode=42.51.195.181


    Tools->Network add

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    sever: mediterraneancoin.cc / port: 59378 / protocol: TCP

    server: mediterraneancoins.org / port: 59378 / protocol: TCP

    server: mediterraneancoin.xyz / port: 59378 / protocol: TCP

    check Auto-connect

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    Smiley face

    To speed up sync process Download file blockchain_headers.zip and extract archive in your installation folder

    ./electrum-med (linux) OR app data/roaming/Electrum-MED (windows)

    Start Electrum-MED, Tools->Preferences->Transaction fee-> 0.01

  • Added MED support to BIP39 Tool_-_source

    update 23.01.2019

  • OpenWallet for Android port to supporting MED_-_source

    “Don't Trust. Verify.” ;)

    Exclusively to MED !!! other wallets functionality not guarantee

    Because of nature of Mediterraneancoin algorithm and old version code, only wallet problem is to recovery seed from Android wallet to Electrum wallet and vice versa, for this can be used BIP-39 Tool ported to MED to extract private keys.

    Always Backup Your MED Wallet's Recovery Seed and Passphrase !!!

    Whith this application you can :

    -Create/restore MED wallet - not compatible with Electrum MED seed !!!

    -Send/receive MED coins & view transaction on MED Block Explorer

    -Export Master Pub Key "xpub" & import in Electrum MED wallet in Watching only mode

    -Import(Sweep) private key from other MED wallets

    -Enjoy MED reborning :)

    # med-wallet_v1.6.5.apk - you can compile from source also

    # med-wallet_v1.6.5.apk - added Chinese node for better connectivity

Click or Scan QR Smiley face

  • 3 August 2019 coming upgrade wallet to v0.8.8.0 / protocol version 80002, preparing for upgrade to new version&features&services

- require all node to upgrade or they will stay on old chain from block 2919298

- premine 100 millions for future development

- block reward next 2 years 10 MED

- Electrum MED & OpenWallet for Android working with v0.8.8.0

- MED blockchain snapshot at height 2939395 with txindex=1 snapshot_MED_2939395.tar.gz

- More is coming ;) new site design etc.

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