Tag Archives: EGC

Interview with Steven Saxton, Founder and Lead Developer, EverGreenCoin

1. EverGreenCoin (as described on your  facebook page) is an X15 algorithm PoW / PoS hybrid crypto currency. Are there many other coins that use this configuration? Why did you choose this particular hybrid?

EverGreenCoin (EGC) was literally designed from the ground up to be environmentally friendly. There are other coins that are X15 PoW / PoS hybrids, but few have the same structure of a foundation being funded by a small portion (2%) of the miners work and none have the same intent and exact same distribution and hence, coin supply.

X15 was used because at the time of creation it was not invaded by ASICs.ASICs are machines designed specifically for PoW mining that consume as much electricity as possible in an attempt to gain a disproportionately large amount of the distribution of coins. X15 ASICs are now readily available but fortunately were not before EverGreenCoin’s PoW phase had ended. Had the EverGreenCoin’s PoW phase lasted just a few weeks longer, people would have been able to mine EverGreenCoin with ASICs and that enormous consumption of electricity was avoided in EverGreenCoin’s name.