Applecoin (APC) another SHA256 algo crypto coin and based on the Yacoin Script Jane client and using advanced technology cryptocurrency Skein, Black and SHA encryption algorithms. The goal of Applecoin is to achieve success, achievement and triumph, represented by our Gold Coin Apple logo.The coin tries to differentiate itself from competitors by running on Skein, BLAKE and SHA encryption algorithms. APC offers quick transactions through a secure mining network. 100 confirmations on mined coins and 5 block confirmations on sent coins or 10 minutes.
The recent (Jan 2014) crackdown of crypto-currency in China has cause the market value of AppleCoin to plunge. Like most alternative coins, AppleCoin follows Bitcoin’s market patterns and trends, but has since fallen off the radar entirely. Overall, Applecoin has lacked support from outside of the Chinese user base; But had peaked in the top 50 markets on market capitalization in the first month of 2014. Ultimatelty it is percieved that the Chinese user-base is not to be taken lightly when it comes to alternative coins. Since the arrival of a high market cap, the U.S. community support grew, but remains on the decline.