Versão Portuguesa

A Portuguese cryptocoin for the 21st century

A free decentralized cryptocurrency everyone can use and create.

As a team of Portuguese cryptocoin believers, we decided to launch CryptoEscudo (CESC, short form), a coin based in cryptography, that uses complex mathematical problems to achieve a high security level. A coin that is not controlled by any bank or government, a coin that is created, sustained and controlled by everyone and is transparent and public to everyone.

The name of our old currency "escudo" is not intended to represent the desire of returning to the past. It represents a reminder of our path to show us and guide us on a new and better future.

Our idea is not political. Our idea is simply a technical solution emerged from the world of the cryptoeconomy. Considering the financial problems we nowadays face in our country, we propose this:
Let's make our new money. Created by everyone and for everyone.

Why CryptoEscudo


Because cryptocoins have the power to influence and can provide mechanisms to a highly developed economic democracy sustained on transparency and reasonable privacy, helping a substantial part of the economy to overcome some of the common limitations of the traditional financial system.

Because global cryptoeconomy is developing fast and it represents an important opportunity to boost national economies, being a large part of them under more or less severe financial crises. Several countries have already seen individual initiatives of national cryptocoins, like Iceland, or Israel, for example.

Because and additionaly to all said above, we see in the cryptosystem, if well planned and largely accepted by citizens, a unique opportunity to solve a serious problem for our country - the national debt problem.

CryptoEscudo Goals


Create an international community of CryptoEscudo users (people and companies). People will be able to either start using CESC as a new form of payment (instead of fiat currency or credit cards) or to use CESC as a new saving product, if they wish so. This will have a progressively positive impact on CESC value.
It is expected the progressively growing use of CESC and everyone's interest around it makes the value grow until it finally reaches the desired nominal value of 1000€ = 1CESC. We think this can take 5 to 25 years to reach.

Distribute part of the total CESC by the Portuguese people (about 15 000 000) living in the country or abroad. 15 CESC will be given to each Portuguese person who can prove his/her nationality and has not received them yet according to our records. This is expected to be a long and complex process that shall begin on April 25, 2014, a simbolic date and a national holiday known as the "Freedom Day", when a military coup in Lisbon changed the authoritarian regime into a democracy. We think this progressive distribution to the people will start to develop a growing interest in CESC and also in its use.

Achieve within 5 to 25 years a growing nominal value for CESC until it reaches, at least, 1000€. Appreciation of CESC shall be enough to pay our national public debt, which is about 220 000 000 000 Euros at the moment we are launching CryptoEscudo. This makes our national debt per person greater than 20 000 Euros. CryptoEscudo intends to use the global market's behavior to generate and appreciate the necessary cryptorichness to put an end to a serious problem that affects us all as a nation. Part of the total CryptoEscudo available in the network will be reserved for this purpose.

How


CESC features make it the most interesting national coin project for the non national citizens.
This project was designed to create a total of 1 000 000 000 cryptoescudos (CESC). 45% of this amount is premined, but only a small part is for short term usage/distribution. Premined coins have 3 specific goals:

 
 
* Initialy transfered as: 10 % for use at CNjvBnMq6QVFKeypyDDr369TWLXiKRDehD remaining 90 % at CKikXdzqXpAEUjuUPkC27sBhqm6mCe3cZo
Fully restored by a suporter donation (2015-04-23)
100 % of the premined address (500 000) is now available at CKikXdzqXpAEUjuUPkC27sBhqm6mCe3cZo

550 000 000 CESC

Available on CryptoEscudo network to be mined during the following 20 years, for anyone who wishes to.

How to Participate?


Share this idea and use CryptoEscudo.
Start by downloading the wallet - the needed software to store your coins.
After download completed and with an internet access, your wallet will start to synchronize with CESC network in order to be ready to mine new coins. By trying to solve complex cryptographic problems, your computer will sometimes be able to claim for yourself a new generated block of CryptoEscudo. Some other times, other CESC users, also connected to the network, will claim for themselves a new block instead of you. Think of this process like the equivalent of printing fiat currency.

Follow CryptoEscudo on social network to keep informed and join our forum at CryptoEscudoTalk.

Accept CESC payments

 

Write about it on blogs, newspapers and magazines

 

Tell about it to your friends and family

CryptoEscudo success depend on us all.

See more ideas to support CryptoEscudo (in Portuguese).

CryptoEscudo Wallet


Windows (exe)

Installer

Download Wallet

v1.2.0.1-20160331-public

Linux (zip)

 

Download Wallet

v1.2.0.1-20160331-public

Mac OSX (dmg)

Installer

Download Wallet

v1.2.0.1-20160331-public

Windows (exe)

Portable Version

Download Wallet

v1.2.0.1-20160331-public

Source

 

Download Wallet

v1.1.5.1-20141117-public

Technical Specifications


Total coins 1 000 000 000 | 45% premined | New block every 2 minutes
200 coins per block | Difficulty retargeted with Kimoto's Gravity Well
Algorithm Scrypt POW

Resources


 
 
 

Paper Wallet

CESC Address Generator