Guncoin [GUN] was successfully launched May 1st, 2014 as a newly developed crypto currency, similar to Bitcoin or Litecoin, but with a big nod to gun owners, 2nd amendment enthusiasts and the needs of the firearms community. We are proud to say that Guncoin is still going today and has withstood many of the naysayers and has successfully survived in the very competitive crytpocurrency world.

Guncoin was originally developed utilizing the Litecoin type model and was mined with “Scrypt” style GPU mining. This allowed almost anybody to be able to mine it then. That was a good idea when GUN was launched. But with the rapid evolution and progression of ASIC’s in mining technology, Guncoin had to evolve also to stay ahead of the mining farms and protect the coin. Hence the move to the “Neoscrypt” algorithm in October 2014 at block 120000. Neoscrypt is the next generation algorithm that is much more secure and efficient for mining purposes and has proved a wonderful choice over the fast several years.

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