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README.md

Krait Staging Repository

Attention!!!changes are constantly occurring in the master branch, to compile use the published archives of releases

More information at krait.com Visit our ANN thread at https://bitcointalk.org/index.php?topic=3090655.0

Coin specs:

Algo:

  • Xevan

PoW Block Reward:

  • block -> 1 = 0.5 KRAIT (MN reward 20%)
  • block -> 1440 = 6 KRAIT (MN reward 20%)
  • block -> 43200 = 6 KRAIT (MN reward 30%)
  • block -> 86400 = 5 KRAIT (MN reward 30%)
  • block -> 151200 = 4 KRAIT (MN reward 50%)
  • block -> 259200 = 3 KRAIT

PoS Block Reward:

  • [block# 259201-Infinite] Variable based on SeeSaw Reward Mechanism

Block Time:

  • 60 Seconds with Retargeting every Block

Max Coin Supply:

  • PoW Phase: 518.400

Max Coin Supply:

  • PoS Phase: Infinte

PoW Phase:

  • [block#’s 2-259200] Approx 180 Days

PoS Rewards Breakdown:

  • PoS Phase 1: [blocks 259201-302399] 3 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 2: [blocks 302400-345599] 2.85 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 3: [blocks 345600-388799] 2.70 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 4: [blocks 388800-431999] 2.65 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 5: [blocks 432000-475199] 2.40 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 6: [blocks 475200-518399] 2.35 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 7: [blocks 518400-561599] 2.10 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 8: [blocks 561600-604799] 2.25 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase 9: [blocks 604800-647999] 2.10 KRAIT (90% distributed to staker and masternode - 10% available to budget system)
  • PoS Phase X: [blocks 648000-Infinite]   0.75 KRAIT (90% distributed to staker and masternode - 10% available to budget system)

 

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Krait is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.

Anonymized transactions using coin mixing technology, we call it Obfuscation.

Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftTX.

Decentralized blockchain voting providing for consensus based advancement of the current Masternode technology used to secure the network and provide the above features, each Masternode is secured with collateral of 3000 KRAIT