Microcash Bullion Cryptographic Commodity
Proof of Work/Proof of Stake Hybrid
Linear Difficulty Retarget (2 block retarget)
Transactions require 6 confirmations
Block reward halves after every ~50000 blocks:
Blocks 1-55000 = 10 MCR per; Blocks 55001-95000 = 5 MCR per; Blocks 95001-145000 = 2.5 MCR per; Blocks 145001-195000 = 1.25 MCR per etc
First year coin mint of ~1000000
Aiming to be PoS-only blockchain once PoW block subsidy reaches baseline reward of 0.01. Much research will go into maintaining security of the blockchain if/when MCR goes PoS only. Many possible schemes and solutions are being analyzed for potential implementation, including but not limited to:
-CoinJoin revision for additional PoS overlay scheme
-Increasing PoS rewards to slightly accelerate coin cap growth, to make it more difficult for 51% stake attack.
-Revision to current PoS trust score algorithm
-Additional randomized trust score scheme to increase scrutiny for randomly selected new PoS blocks
Default P2P Port: 7695
Default RPC Port: 8395
Sample config file:
create a file and name it Microcash.conf
And copy/paste the following contents:
replace username and password with your own username and password. Do not use the same username/password that is the same as something sensitive, like a website.
Place the file in your data directory. (you need to run the Qt or daemon once before you do this)
If using Linux, the data directory is located at /home/User/.Microcash where User is your login username for your system.
If using Windows, the data directory is located at C:\Users\USERNAME\AppData\Roaming\Microcash where USERNAME is replaced with your Windows Username.