Mergecoin is a blockchain based decentralized cryptocurrency that rewards network participation via static proof of stake. Mergecoin rewards “connectivity age” instead of “coin age,” thus eliminating abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work every active node contributes. This discourages centralization and promotes network health. In addition to static rewards, Mergecoin implements a masternode network to incentivize large holders, and perform advanced functions such as near instant and private transactions.
This paper describes the basic coin specifications, features, and capabilities of the coin. The paper also describes coin distribution, funding purposes, future growth efforts.