Netcoin

Netcoin 02/09/2013
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Crypto Currency > N
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Netcoin

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 scrypt algorithm 384 POW coins per block. Halves every 129600 blocks (3 months) 8X reward random super block each hour difficulty retargets on every block 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.

Icon Netcoin (NET) Cryptocurrency
Name Netcoin
Symbol / Tag NET
Website
Netcoin Wallet download
http://netcoinfoundation.org/
Github / Source Code Github
Forum Bitcointalk
Netcoin Wallet Version
Client Version
v2.1.0.0
Get Info RPC
Version: v2.1.0.0
Protocol Version: 60001
Wallet Version: 60000
Status Unhealthy
Connections 8
Hash Algorithm Scrypt
Proof-of-Work Scheme Proof-of-Work
Coins to be Issued 320,636,160
Block Time 2.00 minute(s)
Block Reward 320.00coins
Block Count 426,614
Netcoin Difficulty 9.6097
Difficulty Retarget 1 blocks

Information Netcoin Scorecard

Website Yes

Total 5%
Please invest at your own risk


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Information Information

Launched: Monday, 02 September 2013

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