What is Asiacoin?
Asiacoin is an experimental new digital currency that enables anonymous, instant payments to anyone, anywhere in the world.
At the moment of writing, Asiacoin transaction is done and confirmed much faster than Bitcoin transaction confirmed in around 40 minutes
Asiacoin is a PoS-based cryptocurrency http://en.wikipedia.org/wiki/Proof-of-stake
Asiacoin uses scrypt http://en.wikipedia.org/wiki/Scrypt
Asiacoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Asiacoin is also the name of the open source software which enables the use of this currency.
For more information, as well as an immediately useable, binary version of the Asiacoin client software, see https://sourceforge.net/projects/asiacoin
License
Asiacoin is released under the terms of the MIT license. See http://opensource.org/licenses/MIT.
Asiacoin is based on Bitcoin. Its development tracks Bitcoin's, the following information applies to Bitcoin's development.
Development process
At the moment of writing, Asiacoin software is a fork of https://github.com/micryon/AsiaCoinFix
This Micryon source is based on Novacoin as https://github.com/micryon/asiacoin-bc/commit/4a9f028e561db9144046f8a0726fb24d015186a5#diff-e17a534f3f61cc07040bfcf8255237daL55
At the moment of writing, trusted Novacoin developer fsb4000 agreed to continue Micryon work on https://github.com/fsb4000/AsiaCoinFix
fsb4000 is also trusted as a core Bitcoin developer : https://bitcoin.org/en/release/v0.10.1
important latest developments as for May, 24 2015 :
-adding multisig
-adding Tor menu