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README.md

ABP Core Repository

ABP is a cryptocurrency and platfrom that will serve to decentralize the media and entertainement industry. It uses a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 70% of its block reward size to masternodes, 10% to staking nodes 15% to budget proposals, and 5% to developments. The goal of ABP is to achieve a decentralization of motion picture funding, and create an ecosystem governed by Initial Video Offerings and masternode governance.

Features

  • Anonymous transactions with Zerocoin Protocol.
  • Fast transactions featuring guaranteed zero confirmation transactions, we call it FastTX.
  • Decentralized blockchain voting using Masternodes for project proposals, which are funded by the governance. The blockchain will distribute governance funds based on successful proposals submitted by the community and voted on by the masternode holders.

More information at abpnetwork.io.

Coin Specs

Block Time60 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply21,000,000
Premine1,050,000 ABP
NetworkPoS 3.0
Privacy TechnologyZerocoin Protocol
Fast SendFastTX
Minimum Stake Age3h
Transaction Fee0.001 ABP
Fast SendFastTX
Confirmations6
Accumulator EncryptionRSA-2048
MN Collateral1000 ABP
Block Rewards2-10 ABP (Wave Sequence)

Reward Distribution

Genesis Block
Block HeightReward AmountNotes
11,050,000 ABP

PoS, Governance, Developments and Masternodes Reward Schedule

PhaseBlock HeightMasternodes (70%)PoS (10%)Governance (15%)Developments (5%)
Phase 12-100801.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 210081-201602.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 320161-302404.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 430241-403205.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 540321-504007 ABP1 ABP1.5 ABP0.5 ABP
Phase 650401-604805.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 760481-705604.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 870561-806402.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 980641-907201.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 1090721-1008002.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 11100801-1108804.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 12110881-1209605.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 13120961-1310407 ABP1 ABP1.5 ABP0.5 ABP
Phase 14131041-1411205.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 15141121-1512004.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 16151201-1612802.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 17161281-1713601.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 18171361-1814402.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 19181441-1915204.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 20191521-2016005.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 21201601-2116807 ABP1 ABP1.5 ABP0.5 ABP
Phase 22211681-2217605.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 23221761-2318404.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 24231841-2419202.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 25241921-2520001.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 26252001-2620802.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 27262081-2721604.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 28272161-2822405.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 30282241-2923207 ABP1 ABP1.5 ABP0.5 ABP
Phase 31292321-3024005.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 32302401-3124804.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 33312481-3225602.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 34322561-3326401.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 35332641-3427202.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 36342721-3528004.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 37352801-3628805.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 38362881-3729607 ABP1 ABP1.5 ABP0.5 ABP
Phase 39372961-3830405.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 40383041-3931204.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 41393121-4032002.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 42403201-4132801.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 43413281-4233602.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 44423361-4334404.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 45433441-4435205.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 46443521-4536007 ABP1 ABP1.5 ABP0.5 ABP
Phase 47453601-4636805.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 48463681-4737604.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 49473761-4838402.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 50483841-4939201.4 ABP0.2 ABP0.3 ABP0.1 ABP
Phase 51493921-5040002.8 ABP0.4 ABP0.6 ABP0.2 ABP
Phase 52504001-5140804.2 ABP0.6 ABP0.9 ABP0.3 ABP
Phase 53514081-5241605.6 ABP0.8 ABP1.2 ABP0.4 ABP
Phase 54524161-Max Supply5.6 ABP0.8 ABP1.2 ABP0.4 ABP