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README.md

CIRCUIT Core integration/staging repository

Build Status GitHub version

CIRCUIT is an open source crypto-currency focused on fast private transactions using the Zerocoin protocol, with low transaction fees & environmental footprint. It utilizes the first ever anonymous proof of stake protocol, called zPoS, combined with regular PoS and masternodes for securing its network. zPoS incentivises using the privacy features available in CIRCUIT by granting a higher block reward for zPoS over regular PoS and masternodes. In practice CIRCUIT has between 4 to 10 times higher use of it's privacy features in comparison to other coins that combine public and private transactions. This is thanks to innovations like zPoS and integrating the Zerocoin protocol into light/mobile wallets, allowing for a complete and lightweight privacy protocol that can be used on the go. As well as security improvements like deterministic generation of zCRCT for easy backups. The goal of CIRCUIT is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.

  • Anonymized transactions & consensus using the Zerocoin Protocol and zPoS.
  • light/mobile wallet privacy using the Zerocoin Light Node Protocol
  • Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
  • Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

More information at circuit.org Visit our ANN thread at BitcoinTalk

Coin Specs

AlgoQuark
Block Time60 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply (PoW Phase)43,199,500 CRCT
Max Coin Supply (PoS Phase)Infinite
Premine60,000 CRCT*

*60,000 CRCT Premine was burned in block 279917

Reward Distribution

Genesis Block
Block HeightReward AmountNotes
160,000 CRCTInitial Pre-mine, burnt in block 279917

PoW Rewards Breakdown

Block HeightMasternodesMinerBudget
2-4320020% (50 CRCT)80% (200 CRCT)N/A
43201-15120020% (50 CRCT)70% (200 CRCT)10% (25 CRCT)
151201-25920045% (22.5 CRCT)45% (22.5 CRCT)10% (5 CRCT)

PoS Rewards Breakdown

PhaseBlock HeightRewardMasternodes & StakersBudget
Phase 0259201-30239950 CRCT90% (45 CRCT)10% (5 CRCT)
Phase 1302400-34559945 CRCT90% (40.5 CRCT)10% (4.5 CRCT)
Phase 2345600-38879940 CRCT90% (36 CRCT)10% (4 CRCT)
Phase 3388800-43199935 CRCT90% (31.5 CRCT)10% (3.5 CRCT)
Phase 4432000-47519930 CRCT90% (27 CRCT)10% (3 CRCT)
Phase 5475200-51839925 CRCT90% (22.5 CRCT)10% (2.5 CRCT)
Phase 6518400-56159920 CRCT90% (18 CRCT)10% (2 CRCT)
Phase 7561600-60479915 CRCT90% (13.5 CRCT)10% (1.5 CRCT)
Phase 8604800-64799910 CRCT90% (9 CRCT)10% (1 CRCT)
Phase 9648000-11542035 CRCT90% (4.5 CRCT)10% (0.5 CRCT)
Phase X1154203-∞6 CRCT84% (5 CRCT/zCRCT)16% (1 CRCT)
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