Karma is a lite version of Bitcoin using scrypt as a proof-of-work algorithm. It is designed to reward early miners more heavily than those who join later

1 minute block targets

~92 billion total coins

10,000 coins per block with an additional bonus based on what block is being mined

Reward calculation

needs to be rewritten

KGW 1 block to retarget difficulty

For more information, as well as an immediately useable, binary version of the Karma client sofware, see http://www.karmashare.me