ShionCoin Currency Specifications
ShionCoin (SHC) is a virtual currency capable of quick fund transfer and extended transactions that provide additional usefulness than fund transfers alone.
The shioncoin virtual currency utilizes scrypt-based proofing with a block reward-span of half a billion coins over the course of 40 years. Any litecoin (LTC) scrypt compatible miner device can be used. The currency has a one-minute confirmation time (block difficulty), and a minimum fund transfer fee of 0.00001 SHC.
Extended transactions provide capabilities such as named public aliases for coin addresses, contextual information, geodetic tagging, certificate licensing, and smart-contract execution.
Additional frame-work has been put into place in order to introduce additional extended transactions over time. Extended transactions are versioned in order to allow additional extensibility if warranted.
The extended transactions are designed to be compatible with the libshare runtime library; such as authorizing features in software through certificates purchased on the SHC block-chain, identity attributes, and contextual information databases.
ShionCoin v3.1 Phase I "Dahlia" (January 2018)
ShionCoin v3.2 Phase II "Iris" (January 2019)
ShionCoin v3.3 Phase III "Acacia" (January 2020)
Current BIP/SIP Specification Capabilities