What is Stohn Coin?

Stohn Coin is a decentralized digital currency established in 2021 by a group of cryptocurrency enthusiasts. It operates on a peer-to-peer network that allows transactions without intermediaries, with a maximum supply of 40 million coins. Miners receive 100 coins for each block mined, and this reward is set to halve every 200,000 blocks. The mining process, which targets a new block approximately every five minutes, employs the Scrypt algorithm, a proof-of-work system designed to resist custom hardware like ASICs, making it more accessible for individual miners.

A notable feature of Stohn Coin is its use of the LWMA3 (Linearly Weighted Moving Average 3) algorithm for difficulty adjustment. This mechanism is intended to maintain consistent block times by quickly adapting to changes in hashrate, promoting stability in the mining process. The genesis block was mined by Jason Stanley, marking the inception of Stohn Coin's blockchain.