Coin name: Elicoin (ELI)
Algorithm: YescryptR16 (CPU only)
Total number of coins: 10 000 000 ELI
Block time: 1 minute
Block halving: every 500 000 blocks
Maximum block size: 4 MB
Initial block reward: 10 ELI
Difficulty retarget: Every block (DarkGravityWave ver. 3)
Advantages over Bitcoin:
Thanks to YescryptR16 CPU only hashing algorithm, everyone can mine it on their own computer with Intel / AMD CPU. This algorithm is GPU / ASIC resistant.
Transactions within Elicoin blockchain are 10 times faster than Bitcoin.
Elicoin blockchain can handle 20 times more transactions than Bitcoin within the same time.
Difficulty on Elicoin is retargeted after every mined block (aprox. every minute), compared to Bitcoin that retargets difficulty every 2016 blocks (aprox. every 14 days).