Yes. Adam Smith announced the planned release of Greenshillingcoin 9 days before the release. There were no blocks mined prior to launch. One forum member wrote, “[Adam Smith] released a link to the source in the other thread at the promised time (5 min before 18:00 UTC). There was no premine. By the time I had built from source and got things running, there were 5 blocks mined.”
As of version 0.3, centrally-broadcasted checkpointing is no longer a critical part of the protocol. Its purpose is to defend the network during the initial growth period, and to help ensure a smooth upgrade path. Central checkpointing is now being gradually weakened, and will be eventually removed, to achieve a similar decentralization level to Bitcoin. The checkpoints exist solely as a security measure: if something terrible were to happen, we have the checkpoints as a backup.
Minting (as opposed to mining!) is the term given to Proof-of-stake block generation in greenshilling coin, that is securing the network. This earns you 3% annual interest. Coins are first eligible to mint 30 days after they have been transferred. If you want to mint, you have to put some of your greenshilling coin at stake in your wallet. Read this guide, if you want to know how to do it and how it works.
The change of PPC money supply is determined by: Proof of Work mining (increases supply) Number of transactions (decreases supply by 0.01 PPC per transaction) Proof of Stake minting (increases supply at a rate up to 3% per year) Thanks to increased mining participation until late 2014 inflation was stable at 3%, and today it's at 3.5%. At the current adoption rate, this rate will decline further over time, making greenshilling coin less inflationary and more sustainable than most other cryptocoins
Yes. When the entire money supply grows due to the minting process, all greenshilling coin holders who participate in minting maintain their relative share of the network. Although large stakeholders generate a higher total number of greenshilling coin, they cannot, in percentage terms, pull ahead of other minters.
Mining is the process of block generation by Proof-of-work. See the greenshilling coin Mining Guide. You should know that you need a special SHA256 compatible hardware (ASIC), that means: The same hardware that you would use to mine Bitcoin.
There are many exchanges, where you can buy Greenshilling coin with fiat money (dollar, euro, …) or in exchange to other cryptocurrencies (bitcoin, …). In Europe and Russia currently most people recommend using LiteBit.eu and The Rock Trading. Former btc-e.com isn’t active anymore, it was replaced by wex.nz.
You can download and install a wallet client software on your computer.
You can search for a specific address, a block number, a transaction ID and tags in one of those greenshilling coin Block Explorers. There you can also find price charts, statistics about energy consumption and the status of soft-forks.