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README.md

Kingscoin is a fork of PIVX that forked Dash that forked Bitcoin

Kingscoin Core integration/staging repository

There are many cryptocurrencies out there expanding and improving on privacy within the crypto industry to make trades, withdrawals, transfers and deposits transparent... anonymous. Kingscoin focuses on both improving privacy (Zerocoin protocol) and increasing security substantially so hacking, key logging and scamming are the past. We look to adapt and integrate a 2FA (Two Factor Authenticaton) feature so each withdrawal and transfer requires your wallet to be unlocked and a timed generated code is sent either to your email or mobile device. These both will improve security - further to this we are going to announce more features throughout 2018 and the unforeseen future.

  • For those who do not know of Zerocoin or the possibilities of this extension. Through zero-knowledge proofs, coin holders financial transactions are kept completely private and anonymous. In other words, Zero-knowledge proofs allow for financial transactions to occur with the only public information being that money was indeed sent or received.
  • Fast transactions featuring guaranteed zero confirmation transactions, PIVX named it SwiftX.
  • In simple terms, a masternode is a cryptocurrency full node or computer wallet that keeps a full copy of the blockchain in real-time this is always kept up and running (unless you close the server your masternode is running on). There are many positive aspects to masternodes as they can increase the privacy of transactions and can contribute to perform instant transactions. Kingscoin masternodes has also introduced a governing system which enables and gives masternode holders rights to vote for possible upcoming changes and gives them power in this project so the community is supported. Masternodes also help the circulation of KGS (Kingscoin) and gives others opportunity to invest if reward holders choose to sell their gains. We look to enforce a budgeting system in the future which will involve the use of masternodes. Having a masternode enables you to mine without the stress of having to keep your mining rig running (because you won't need a mining rig) and it will not produce high electricity bills. Of course you won't need the hardware such as GPU's (Graphic cards) which tend to cost a lot to use your masternode.

More information at Kingscoin.biz Visit our ANN thread at BitcoinTalk

Coin Specs

AlgoXevan
Block Time60 Seconds
Difficulty RetargetingEvery Block
Premine2,000,000 KGS

PoS Rewards Breakdown

PhaseBlock HeightRewardMasternodesStakers
Phase 10-2001 KGS + Premine0% (0 KGS)100% (1 KGS)
Phase 2201-150002 KGS50% (1 KGS)50% (1 KGS)
Phase 315001-500006 KGS60% (3.6 KGS)40% (2.4 KGS)
Phase 450001-750008 KGS60% (4.8 KGS)40% (3.2 KGS)
Phase 575001-17500010 KGS70% (7 KGS)30% (3 KGS)
Phase 6175001-2500008 KGS70% (5.6 KGS)30% (2.4 KGS)
Phase 7250001-40000010 KGS70% (7 KGS)30% (3 KGS)
Phase 8400001-Max2 KGS70% (0.7 KGS)30% (0.3 KGS)