Posts Tagged ‘Proof of Stake’

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

HTML5 Coin (HTML5) X15-based alternative cryptocoin

20, Oct 2014

html5coin-logo

HTML5 Coin (HTML5) is aiming to provide a stable system to with withstand the demands of the entire altcoin community. The mission is to build strong network of users, create robust apps for goods & services, spread awareness about cryptocurrency through charity, and facilitate a healthy decentralize monetary environment for all. Support of charitable cause and encouraging of technology innovation, is the core value. HTML5 is different from other altcoins because the focus is on integrating the “use” of HTML5 Coin for the “mainstream” common people.

Website:
– http://www.htmlcoin.com/

Block Explorer:
– http://explorer.htmlcoin.com/chain/HTMLcoin

Coin Specifications

  • X15 PoW Algorithm + PoS
  • Total amount of coins: 99.9 Billion coins
  • Reward: 5000 HTML5
  • Speed: 60 Seconds
  • Retarget: Every block
  • Confirmations on Transactions: 10
  • Annual PoS rate: 1%
  • Proof of work for 5 Years then Pure PoS
  • Premined: Html rebuilt and redistributed Sep 25, 2014 as HTML5

Wallet:
– Windows

Source Code:
– at GitHub

Mining Pools:
– http://html.hashhot.com/
– https://html.brblocks.com.br/

Coin Exchanges:
– Bleutrade
– Yobit

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


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