Anoncoin (ANC) is a peer-to-peer cryptocurrency whose major focus is on providing a means of anonymous digital currency transactions. Anonymity will be guaranteed by the Anoncoin client's support of the I2P network, as well as by the future implementation of Zerocoin that act as a laundering pool at the protocol level.
The creation of new coins is by the reward to miners for processing transactions into blocks that are added to the block chain, where mining is performed by proof of work using the scrypt hashing function.
A total of 4.2 million coins can be mined into existence, which is 5 times less than the maximum supply of Bitcoin, and transactions are processed, on average, every 3.42 minutes.
• 3 minute block targets
• 5 coins, then subsidy halves in 306600 blocks (~2 years)
• Total coins: 4,2 Million
• Native I2P support (Anonymous darknet)