[ANN] Oxid Coin POW+POS+MN

[ANN] Oxid Coin POW+POS+MN

URLs   Website:  https://oxid.io   Explorer: http://explorer.oxid.io:3001   Twitter:  https://twitter.com/oxidcoin   Discord:  https://discord.gg/NucWZP2   GitHub:   https://github.com/oxidcoin/oxid
What is Oxid Coin?   Oxid Coin is decentralized cryptocurrency that utilizes a peer-to-peer technology to operate with no central authority or banks.   Oxid Coin is a base to OXIDEX Decentralized Crypto Portal, powered by a network of Miners, Staking Nodes, Masternodes and Supernodes. Miners helped to kick off the blockchain and will be supporting the network until the full Proof-of-Stake (POS) transition. Staking Nodes protect the network via POS mechanism. Masternodes and Supernodes are the backbone to Oxid's network storing and serving the blockchain to the users as well as validating transactions.   Our goal is to build a Crypto Portal (called OXIDEX) with applications for our users to invest, trade and have a market place to buy and sell goods as well as an escrow service for our user protection.   As we progress, we will be adding new applications and looking for partnerships, aiming to make a one stop full-service crypto solution.Masternodes   Oxid Masternodes are network servers that are constantly connected to the Oxid Network and perform service functions like validating, storing and serving the blockchain to the users. Masternodes are the backbone to the Oxid's network.   Anyone with 5000 OXID can set up and operate an Oxid Blockchain Masternode, which helps to provide an additional security, reliability, and performance to the blockchain. For their dedicated service Masternodes receive a portion of each mined Oxid block reward.Supernodes   Supernodes are a kind of a masternodes which are rewarded a much higher rewards for providing stability and security to the blockchain. Anyone with 25000 OXID can set up and operate a Supernode.Masternode and Supernode Block Payouts Explained   There will be only 1 reward per block randomly selected between Masternodes and Supernodes. For example if Masternode is rewarded for a specific block then the total block reward would be POW, POS and Masternode rewards added together. ff Supernode is rewarded for a specific block then the total block reward would be POW, POS and Supernode rewards added together.    Masternodes and Supernodes have the same probability to receive block reward.Oxid Specification   Name: OXID   Symbol: OXID   Algo: Scrypt   Coin type: POW | POS | Masternodes | Supernodes   Block time: 120 sec.   Maturity: 10 blocks   Max Coin Supply: 89,000,000   POW Reward per block: 0.5 - 3 OXID   POS Reward per block: 1 - 2 - 0.25 OXID   Masternode Reward per block: 3 - 8 - 1 OXID   Supernode Reward per block: 24 - 48 - 6 OXID   Masternode Collateral: 5,000 OXID   Supernode Collateral: 25,000 OXID   Stake min age: 2 hours   Premine: 2.98% (2,650,000) used for exchanges, marketing, development, bounties, airdrops   Staking start block: 1,001   Masternodes start block: 1,001   Supernodes start block: 5,001   Default port: 18932   RPC port: 18933   Testnet default port: 18942   Testnet RPC port: 18943Rewards BreakdownPOW   Block 1 2,650,000 (2.98% premine)   Block 2 - 1,000 0.5   Block 1,001 - 20,000 1   Block 20,001 - 50,000 2   Block 50,001 - 100,000 3POS   Block 1,001 - 5,000 1   Block 5,001 - 10,000 1.5   Block 10,001 - 20,000 1.75   Block 20,001 - 262,800 2   Block 262,801 - 525,600 1   Block 525,601 - 788,400 0.5   Block 788,401 and up 0.25Masternode

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article