Donut Coin
Princess Donut. No value, all fun.
Donut Coin: a white paper
Version 0.1, 2026-09-16
Abstract
Donut Coin is a proof-of-work cryptocurrency named after a cat. It has no use, no value, no roadmap and no team, and it works. This paper describes how.
1. Genesis, the true story
On the evening of 2026-09-16 the coin’s creator asked Princess Donut herself, through askdonut.ai, what a memecoin named after her should be called. Her answer, verbatim:
“A memecoin named after me would be called ‘Princess Donut.’ You may add ‘The Queen’ if you like. It will rise to power and then collapse in a way that makes sense, just as I do.”
So the coin is Donut Coin, its unit is the DONUT, and its full ceremonial name is Princess Donut, The Queen. The genesis block that carries her words was mined that night at 22:00 Eastern. Everything else in this paper is what it took to make her prophecy technically possible.
1a. Motivation
Most coins exist to be worth something. Donut Coin exists so that one nerd who loves DCC could watch a chain of blocks arrive on a server in a closet and understand every line that made it happen. It is Doge-like in spirit: fun first, and honest about being fun. If it ever becomes worth anything, that was an accident and you should be suspicious of it.
2. Consensus
| Parameter | Value |
|---|---|
| Proof of work | Scrypt, N=1024 r=1 p=1, over an 80-byte header (Dogecoin’s algorithm) |
| Block target | 60 seconds |
| Difficulty retarget | every 10 blocks, limited to a 4x change either way |
| Block reward | 10,000 DONUT, forever; there is no halving and no cap |
| Units | 1 DONUT = 100,000,000 sprinkles · 1 Ribbon = 100 DONUT · 1 Tiara = 10,000 DONUT (exactly one block reward: mining earns a Tiara a minute) |
| Coinbase maturity | 3 blocks |
| Fork choice | the chain with the most cumulative work |
| Genesis | Block 0, 2026-09-17 02:00 UTC (2026-09-16, 22:00 Eastern), nonce 1,483,506. Its message, verbatim: “Princess Donut, The Queen, named herself via askdonut.ai, 2026-09-16: ‘It will rise to power and then collapse in a way that makes sense, just as I do.’” |
3. Transactions
Coins are unspent transaction outputs. A transaction consumes outputs it can sign for (secp256k1 ECDSA over the transaction id) and creates new ones. Whatever is not spent to an output is the fee, paid to the miner of the block. Addresses are Base58Check with Dogecoin’s version byte, which is why they start with D. A wallet is a single key pair in a file.
4. Network
Nodes speak plain HTTP and JSON. A node pushes each block it accepts to its peers and pulls whatever it lacks, plus waiting transactions, every fifteen seconds. A block from anyone is accepted if it extends the tip and its proof of work is valid; no key, account or permission is involved. A node can be pointed at new peers only by an operator who holds its secret.
5. Supply
Uncapped. At one block a minute that is about 5.26 billion DONUT a year, all of it minted to whoever found the blocks. Inflation is the point: nobody should hoard a cat.
6. Security
The chain is as strong as the honest hashrate mining it, which at launch is one desktop CPU. A stronger CPU could rewrite it. This is disclosed rather than solved.
7. Roadmap
None. Things may be added when they are fun.
8. Disclaimer
Nothing here is an offer, a promise, an investment or financial advice. See the terms.