BBQCoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. BBQCoin provides faster transaction confirmations (2.5 minutes on average) and uses memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The BBQCoin network is scheduled to produce 201.6 million currency units.
Each block generates 42 coins
Difficulty adjustment 60 blocks
Block generated every 1 minute
Max coins to be created is 201.6 million
Block reward halves every 24 million blocks or around every 45 years
Uses the Scrypt hashing algorithm
For more information, as well as an immediately useable, binary version of the BBQCoin client sofware, see http://bbqcoinfoundation.org/.