Post by Admin on Aug 16, 2014 0:06:08 GMT
NetCoin (NET) - Litecoin / PeerCoin Hybrid POW/POSV hybrid with Personal Investment Rate
- The default ports: Connection 11310, and RPC 11311
- No premine
POW Details
- 120 seconds block time POW
- 384 POW coins per block. Halves every 129600 blocks (3 months)
- 8X reward random super block each hour
- difficulty retargets on every block
POSV
POSV Details
- POS activates on block 420,000 - Hard fork
- Personal Investment Rate (PIR) for the APR
Stake reward increases in line with the value of
the coins staked on a sliding scale using the
following thresholds
PIR Values Year 1
NET Staked APR %
0 10
1,000 15
10,000 20
100,000 30
1,000,000 80
10,000,000+ 100
- 120 seconds block time POS
- 1 hour minimum age for staking. 30 days max age.
- FAIR-WEIGHT protocol enforced stake weight coin value cap of 100,000 NET
replaces the idea of 'block splitting' to prevent very large NET holders
signing lots of POS blocks
- 6 confirmations for transaction
- 50 confirmations for minted blocks
- POSV - stake once each month to earn highest possible rewards
incentivises running full nodes to increase POS security
coin age gradually slows after 1 month with an aging half life of 90 days.
Hey guys so wanted to let you know what the hold up was! Which I am very sorry about... But when you hear what we have for you, I think you'll be very happy indeed....
PIR Personal Investment Rate...
What is this???
Well it is very simple... The more you stake, the higher the % rate! So you can effectively set your own % rate by adding or subtracting coins... It works on a sliding scale, so no matter how much you put in or subtract the % rate will adjust.
Simple as that...
It will be here hopefully this weekend. So watch out world Netcoin is about to get back up on it's dark horse and get back in the race!
Remember you heard it here first!
I'll be back as soon as I have a Qt for you and not before.
- The default ports: Connection 11310, and RPC 11311
- No premine
POW Details
- 120 seconds block time POW
- 384 POW coins per block. Halves every 129600 blocks (3 months)
- 8X reward random super block each hour
- difficulty retargets on every block
POSV
POSV Details
- POS activates on block 420,000 - Hard fork
- Personal Investment Rate (PIR) for the APR
Stake reward increases in line with the value of
the coins staked on a sliding scale using the
following thresholds
PIR Values Year 1
NET Staked APR %
0 10
1,000 15
10,000 20
100,000 30
1,000,000 80
10,000,000+ 100
- 120 seconds block time POS
- 1 hour minimum age for staking. 30 days max age.
- FAIR-WEIGHT protocol enforced stake weight coin value cap of 100,000 NET
replaces the idea of 'block splitting' to prevent very large NET holders
signing lots of POS blocks
- 6 confirmations for transaction
- 50 confirmations for minted blocks
- POSV - stake once each month to earn highest possible rewards
incentivises running full nodes to increase POS security
coin age gradually slows after 1 month with an aging half life of 90 days.
Hey guys so wanted to let you know what the hold up was! Which I am very sorry about... But when you hear what we have for you, I think you'll be very happy indeed....
PIR Personal Investment Rate...
What is this???
Well it is very simple... The more you stake, the higher the % rate! So you can effectively set your own % rate by adding or subtracting coins... It works on a sliding scale, so no matter how much you put in or subtract the % rate will adjust.
Simple as that...
It will be here hopefully this weekend. So watch out world Netcoin is about to get back up on it's dark horse and get back in the race!
Remember you heard it here first!
I'll be back as soon as I have a Qt for you and not before.