Saturncoin

Saturncoin (SAT) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Litecoin (LTC), Saturncoin creation and transfer is based on an open source protocol and is not managed by any central authority. Saturncoin is intended by its developers to improve upon Bitcoin and Litecoin with and ideology of being Fun and Elegant and by improving the transaction times and coin volume.
Saturncoin Blocks Rewards random coin values between the 1 and 250,000 Saturncoins, and the Reward gets Halved every 30,000 blocks, it has a new concept where the miners allways have a 1% chance to get a block reward doubled.
Saturncoin is the 64th cryptocurrency by market capitalization.Saturncoin has a marketcap of $ 210,258 USD as of March 16th, 2014.
Development
As of March 16 2014 the released version of Saturncoin is 0.6.3, which has enhanced security to the Saturncoin network.
Differences from Litecoin
*The Saturncoin network aims to process a block every 80 seconds, rather than Litecoin's 2.5 minutes, which allows for faster transaction confirmation. The drawbacks of faster block times are increased blockchain size and an increase in the number of orphaned blocks. Advantages include greater resistance to a double spending attack over the same period as Bitcoin or Litecoin, if this networks had the same computing power.
*The Saturncoin network will produce 15 billion Saturncoins, impliying to reduce the need for fractional quantities for ease of user adoption.
Differences from Bitcoin
*Saturncoin uses scrypt wihch is a proof-of-work algorithm, a sequential memory-hard function, requiring asymptotically more memory than an algorithm which is not memory-hard. opposed to Bitcoin.
Transactions
A peer-to-peer network similar to Litecoin's handles Saturncoin's transactions, balances and issuance through scrypt, the proof-of-work scheme (Saturncoins are issued when a small enough hash value is found, at which point a block is created, the process of finding these hashes and creating blocks is called mining). The issuing rate forms a geometric series, and the rate halves every 30,000 blocks reaching a final total of 15 billion SAT.
Addresses
Payments in the Saturncoin network are made to addresses, which are based on digital signatures. They are strings of 34 numbers and letters which always begin with the letter S.
Confirmations
Transactions are recorded in the Saturnchain blockchain (a ledger held by most clients). A new block is added to the Saturnchain roughly every 80 seconds (whenever a small enough hash value is found for the proof-of-work scheme). A transaction is usually considered complete after 2 blocks confirmations, which makes it faster than Bitcoin and Litecoin predecessors, though for exchanges transactions, apply between six and eight confirmations for adequate security.
Wallets
The most common wallet available today is Saturncoin-Qt for Linux, Windows, and Mac OS X, based on Litecoin's Litecoin-Qt wallet. Saturncoin-Qt is an offline wallet for keeping and sending Saturncoin transactions.
Exchanges
As of 2014 there are 7 market exchanges that deal with Saturncoin, the biggest one being MintPal.
It has BTC/SAT LTC/SAT Pairs Trading in the Market.
On March 14, 2014 , Cryptsy.com launched Saturncoin trading on the exchange.

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