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Posts Tagged ‘POS only’

BitBay (BAY) POS Alternative Cryptocoin

12, Nov 2014

bitbay-logo

The goal of BitBay (BAY) is to create the entire economy within the crypto space. With the implementation of multiple smart contract methods – such as unbreakable double deposit, Halo contracts, and special time locked contracts with the new CheckLockTimeVerify function, this project can allow all kinds of innovative financial instruments. For example, accounts can be created with two keys that can later convert to three keys. Contracts can be made completely unbreakable, financial derivatives will never go unpaid, and BitBay will be the first coin to convert to a full hedging coin. This means, the price gets locked in after the project proves its development schedule.

The economy of BitBay hinges on decentralized markets. We are supporting Halo technology by licensing their software. Since we see the amazing value in being part of the worlds first decentralized markets with Halo technology and decentralized Bitmessage markets we are honored to be working with them. The technology that we will use in BitBay is based on BlackHalos market engine that leverages Bitmessage. Combining the use of proof of burn, white-lists and Bitmessage Channels, these markets will have no central point of failure. The Bitbay blockchain is impossible to bloat and can scale to meet the needs of international markets.

Furthermore, we use our contact list from Alibaba to help populate all the decentralized markets. BitBay is positioned to replace current online auction websites once the world recognizes the true utility of basing trust on Satoshi’s blockchain tech. After the debut of the markets, we will fork the coin into a hedging coin. This will greatly reward investors who get in on the ground floor, and it will eliminate volatility using a similar system to NuBits. This is all possible because of time locks that allow us to park coins.

BitBay supports Stealth technology. Because of time locks, it will be possible to perform Atomic trades allowing for decentralized exchange.

Bitbay smart contracts are also designed to support the internet of things. We plan on implementing our contracts into hardware. Since the contracts are unbreakable, we will form powerful partnerships in Chinese manufacturing markets and be able to decentralize more than just money. Hardware will store these contracts and be used for honoring agreements and creating mesh networks.

Mesh networks are by FAR the Holy grail of anonymity and freedom. This is internet without IP addresses. Forget, Maidsafe, we want to decentralize the world and make it free for everyone. This is our end goal.

Website:
– http://bitbay.market/

Block Explorer:
– https://chainz.cryptoid.info/bay/

Coin Specifications

  • Initial ICO + PoS
  • Total Coin Supply: 1 Billion
  • 64 seconds Block Time
  • 1% annual Nominal PoS stake interest
  • 8 hours Min stake age (no max)
  • 10 confirmations for approval
  • 50 confirmations for maturity
  • POS2 Proof of Stake Phase

Wallet:
– Online Staking Wallet
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
No mining pools, the coin had ICO and is now PoS.

Coin Exchanges:
– Bter

BitSwift (SWIFT) POS Alternative Cryptocoin

4, Oct 2014

bitswift-logo

BitSwift (SWIFT) bridges the vital gap between business and blockchain. BitSwift is the worlds first decentralized productivity profitability protocol built on top of blockchain and targeted specifically for business. The protocol is open source and defines the incorruptible laws of the network which are distributed across each node cooperating within the BitSwift ecosystem. The BitSwift network blends together the goals of the network with the needs of its users to ensure a productive yet, pleasant, and profitable end user experience. BitSwift indirectly rewards its users for using its services and provides incentive to do so. Instead of financing BitSwift own growth through debt, BitSwift will finance itself and enrich its users simultaneously with the collective participation of the nodes on the network. Bitswift (SWIFT) is a proof of stake and proof of work alternative crypto currency. The proof of stake interest rate is set to 3% annually.

Website:
– http://bitswift.io/

Block Explorer:
– https://chainz.cryptoid.info/swift/

Coin Specifications

  • 100% Proof of Stake (PoS)
  • Total money supply: 4 Million SWIFT
  • Difficulty Adjustment: 1 block
  • 3% POS Interest per Year
  • 4 Hour minimum stake age
  • Max Stake Age 20 Days

Wallet:
– Windows
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 21137
– P2P Port: 21138

Mining Pools:
Not available, the coins is PoS only.

Coin Exchanges:
– Bittrex
– BTER

GaiaCoin (GAIA) POS Alternative Cryptocoin

3, Oct 2014

gaiacoin-logo

Gaia coin (GAIA) offers the security and reliability of the blockchain with an Extensible, Skinnable, Modular platform design capabilities to implement distributed markets and services. While the GAIA block chain operates in the same methodology of the traditional block chain, the GAIA Platform removed the limitations of the QT wallet, and replaced it with an entirely new concept. Coin daemon operates as an OS service accessible through any web browser, this is a new ecosystem developed around the coin daemon to provide expanded set of services and remove limitations of the block chain. The coin daemon is used by the developers only as tool that maintains the blockchain and revert focus on the creation of a platform that supports the e-commerce and development part of the currency. The block chain acts to maintain the integrity of the network, while the Platform acts to integrate a wide range of services previously not easily supported.

Website:
– http://gaiaplatform.com/

Block Explorer:
– http://www.gaiaplatform.com/explorer/

Coin Specifications

  • 100% PoS coin, now PoW mining
  • Total coins: 100 million (max coins sold with ICO)
  • Annual interest rate: 5%
  • Block time: 60 seconds
  • Min transaction fee: 0.001 GAIA
  • Confirmations: 10, maturity: 240
  • Min stake age: 4 hours, no max age
  • Difficulty retarget: every block

Wallet:
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
No mining pools available, the coin is PoS only.

Coin Exchanges:
– Bittrex
– Bleutrade


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