Netcoin (NET)

Crypto: Coin Communities 22 Followers


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-- -- NetCoin (NET) - Litecoin / PeerCoin Hybrid POW/POSV hybrid with Personal Investment Rate and Open Wallet Incentive (PIR & OWI) The default ports: Connection 11310, and RPC 11311 No premine POW Details 120 seconds block time POW scrypt algorithm 25 POW coins per block. Halves every 129600 blocks (3 months) 8X reward random super block each hour difficulty retargets on every block POS 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 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 70 confirmations for minted blocks POS - stake once each month to earn highest possible rewards incentivizes running full nodes to increase POS security coin age gradually slows after 1 month with an aging half life of 90 days. Newest client is v2.5.1