ProtoShares is an altcoin that will also be used to own BitShares before they are launched. This is set to be a CPU only coin that is GPU and ASIC resistant. Every ProtoShare held will be awarded one BitShare upon launch. For more information about BitShares, you can view the whitepaper HERE or view the video below:
ProtoShares uses a new Momentum Proof of Work (POW) algorithm that is designed to be GPU and ASIC resistant.
There’s a $5000 bounty for anyone who can prove it is vulnerable to GPUs or ASICs.
As well as being an altcoin, ProtoShares is a way to own BitShares before they are launched. When BitShares is launched, its genesis block will award one BitShare for every ProtoShare held.
POW Hash: Momentum (2^26 / 2^50) with SHA512 Generation
Block target: 5 minutes
Difficulty Retargeting: 1 Week
Codebase: Bitcoin 0.8.5
Block reward: 50 PTS, 5% reduction every week
Total coins: Around 2 million, with 1% inflation after 2 years
5th November 2013 08:08:08 GMT
Github source (Genesis Block Not Included Yet)
Extract the contents of the zip file
Double click protoshares-qt.exe
In the Settings menu, you can choose to mine 1, 2, or 3 processes.
You can also use the debug console to start mining.
setgenerate true 1
setgenerate true 2
setgenerate true 3
Note there is a 3 process maximum because of memory limitations on the win32 client. You can run a second or third instance of the program if you want to try running more processes.
More information and client downloads can be found here upon launch: https://bitcointalk.org/index.php?topic=324694.0