JackpotCoin

JackpotCoin 26/04/2014
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Crypto Currency > J
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JackpotCoin Jackpotcoin (JPC) is an innovative and secure alternative to Bitcoin introducing the first independently hybrid PoW/PoS structure with the efficient JHA hash algorithm and true random Superblocks. Jackpotcoin is the first cryptocurrency to seamlessly incorporate both features enabling lightning fast transaction speeds with an added constant layer of security for the network to combat any potential 51% attacks.

Implementing the separate PoW and PoS technologies was a feature unobtainable by the previous wave of PoW/PoS coins and allows the generation of PoS interest without affecting the PoW mining protocol because of the independent, alternating systems. Instead of stopping PoW after a few days and forking to full PoS, we’re able to maintain a shorter PoS block time to enable lightning fast transaction speed (under 5 seconds) by rapidly accelerating confirmation times without affecting the PoW blocks. In addition, the network has a constant layer of added security by modeling the coin in this manner.

Lastly, the randomized superblock payout (Jackpot) structure is unable to be exploited because the “winning” payout is confirmed by the following block. In effect, there is zero indication prior to awarding the payout which eliminates any potential discrepancies. (i.e. Multi-pools ability to select largest payouts)

Information JackpotCoin Scorecard

Merchants No
Audited No
Website Yes
Facebook Yes
Twitter Yes
Reddit Yes
Coin Market Cap Yes
CoinWarz Yes
CoinGecko Yes

Total 50%
Please invest at your own risk


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Information Information

Launched: Saturday, 26 April 2014
Hash Algorithm: SHA-256
Symbol: JPC
Block Time: 120
Scheme: Proof-of-Work

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Windows wallet Source & Wallet

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Extra information Extra information & Specifications

Specifications: Jackpot Hash Algorithm (JHA - a variation of SHA-3 algorithm)
Minable by both CPU and GPU, both CPU miner and GPU miner are provided
120 sec block target
Diff retarget each block
Initial payout will be 100000 coins per block
True random superblock
Superblock payout (aka the jackpot) will starts at 10X normal block payout, and grows parabolically when the distance with last superblock increases. The average interval between superblocks will be 3.5 days. The payout starts at 10X normal payout, grows to 100X at 3.5 days, and then grows to 1000X at 7 days (if the superblock not triggered). After 7 days, the payout will stay at 1000X, but at the end of the 8th day if still no superblock is triggered by the random number, the system will gradually increase the chance for a superblock until a 1000x superblock is triggered.
Block payout will be reduced 10% each week (will be halved at approximately each 7 weeks)
. Minimum payout for PoW will be 1 coin/block (will be reached after 2+ years)
Extra information: rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=15372
port=15371
gen=0
server=1
addnode=90.155.222.162
addnode=66.176.62.63
addnode=93.233.79.195
addnode=98.193.2.154
addnode=5.250.177.28
addnode=24.13.164.246
addnode=74.90.54.187
addnode=76.168.111.3
addnode=110.255.149.5
addnode=85.102.226.187
addnode=46.39.240.53
addnode=154.20.19.46
addnode=186.59.181.76
addnode=74.33.230.204
addnode=107.202.133.56
addnode=75.150.145.65

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