Freshcoin (FRSH) Overview
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FreshCoin is a revolutionary Proof-of-Work coin featuring a new FRESH mining algorithm. This new algorithm consumes 15% to 20% less energy compared to x11 / x13 / x15. The FRESH algorithm combines the most low energy hashing algorithms (SHAVITE, SIMD & ECHO) which results in the most ENERGY efficient hashing solution available.
FRESH features a new difficulty adjustment algorithm (Slingshield) and a unique two phase distribution plan which ensures that the coin remains sustainable and economically viable indefinitely.
During the first 7 days 60% of all coins will be distributed before the coin then transitions to Slingshield. After the transition, percentage based fees will begin to form the backbone of the block rewards for mining FRESH. Eventually the block rewards will be completely provided by percentage based fees beyond the initial distribution period.