Zeitcoin 28/02/2014
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Crypto Currency > Z
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Zeitcoin [ZEIT] Version (Gauntlet)

Zeitcoin is an innovative, secure and energy efficient PoS coin.

Zeitcoin adopt a variable PoS rate, which gives the highest payout at 25% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.

Zeitcoin will have a total of 90 billion coins.

PoS will start after at least 20 days of holding of the coins in the wallet. With PoS, the coin is more resilient to 51% attack..

Other Specifications: Difficulty retargets every block - PoS variable interests: - 1st year: 25% - 2nd year: 20% - 3rd year: 15% - 4th and subsequent years: 5% - Total coins will be 99 billions - 4 confirmations for transaction, thus fast 2 mins confirmation for transdactions - 50 confirmations for blocks - 1% premine for bounties, giveaways, development, support and maintenance, new feature developments etc.

Visit at: http://www.zeit-coin.net

Information Zeitcoin Scorecard

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

Total 47%
Please invest at your own risk

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Information Information

Launched: Friday, 28 February 2014
Hash Algorithm: SHA-256
Symbol: ZEIT
Scheme: Proof-of-Work

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This information is not yet available.

Windows wallet Source & Wallet

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Extra information Extra information & Specifications

Specifications: 30 seconds block target
250000 - 1000000 coins per block initially
Payout will be halved every week for the first 6 weeks After 6 weeks, the payout will be fixed at 1 coin per block
Difficulty retargets every block (Avoids the need for KGW)
Total coins 99 billion
Interest on Proof of Stake:
Year 1: 25% | Year 2: 20% |
Year 3: 15% | Year 4 and ongoing: 5%
4 confirmations per transaction means fast 2 mins confirmations
50 confirmations per ZEIT blocks
1% premine for ongoing development support, maintenance and distribution to community.

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