User:Protocy/sandbox

Warpcoin is an opensource Cryptocurrency that was introduced on January 15th 2016 after being in development for months (August 2015 ). It was released by developer shapetwist. It uses Proof-of-stake to reach consensus for transactions - with a total supply of 1 618 000 coins that will exist.

History
On August 17 2015, Bitcointalk.org member shapetwist created a forum thread announcing the proposed launch of Warp for simplifying cryptocurrency for the masses. On January 15 2016, a crowdfunding campaign started for the development of version 2 of the wallet client. The crowdfunding campaign started on Monday 18 January at 1200 CET, and ended on 28 January at 1200 CET. After these 10 days, 29.94 BTC was raised, with an initial bid price of 0,00002736 BTC. The genesis block was published on 28 January 2016. It revealed that the inital supply of 1,094,500 WARP had been distributed to 122 buyers in proportion to their level of contribution. The source code was published with wallet release files on January 17 2016 under the MIT/X11 software license.

Concept
Led by shapetwist, Warp is meant to show that trust is not gone in altcoins by presenting a project with clarity. He decided to release Warp after being sick with what the forum was producing in terms of cryptocurrencies.