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README.md

QuantisNet (QUAN) Information

QuantisNet

| Whitepaper | Website | Discord | Telegram |

Core Specifications

  • Consensus Algorithm: PoS + zPoS Hybrid

  • Hashing Algorithm: XEVAN

  • Block size: 2 MB

  • Block Time: 110 Seconds (Re-targeting every block)

  • Transactions per second: 173 TPS (current theoretical maximum)

  • Mine-able: No

  • Stake-able: Yes (Earn block reward from coin ownership)

  • Masternode Support: Yes, 5,000 QUAN per masternode

  • MINEABLE TOTAL MAX SUPPLY : 9,364,125 QUAN

  • PRE-MINE SUPPLY Block 1 : 1,155,000 QUAN

  • QUAN MAX SUPPLY : 10,519,125 QUAN

  • P2P Port: 7771

  • RPC Port: 7772

  • Current Wallet Version ( 2.0.1 ) Please see releases tabs for official wallet downloads

Coin Emission Rate

Year 1: Block reward: Max. 5 QUAN per block (split dynamically between stakers & masternodes)

Year 2: Block reward: Max. 6 QUAN per block (split dynamically between stakers & masternodes)

Year 3: Block reward: Max. 0.03 QUAN per block (split dynamically between stakers & masternodes)

Year 4: Block reward: Max. 0.015 QUAN per block (split dynamically between stakers & masternodes)

Coin Supply Control

Dynamic Coin Supply: ALL transaction fees & zPIV minting fees are burnt.

Block Reward Breakdown

0 - 2,500 TEST NET phase 0.001 QUAN / BLOCK ( 50% MN - 50% POS )

BLOCK 2,501 - 12,501 - 28.5 QUAN / MN 1.5 POS = 300,000 QUAN ( 95% - 5% ) 300,000.01

BLOCK 12,502 - 512,502 - 4 QUAN/BLOCK 1.0 POS = 500,000 QUAN ( 80% - 20% ) 2,500,000

BLOCK 512,503 - 1,012,503 - 4.5 QUAN/BLOCK 1.5 POS = 3,000,000 QUAN ( 75% - 25% ) 3,000,000

BLOCK 1,012,504 - 1,512,504 - 0.02 QUAN/BLOCK - 0.01 POS = 0 QUAN ( 100% - 66.6% ) 15,000

BLOCK 1,512,505 - 1,762,505 - 0.01 QUAN/BLOCK - .005 POS = 0 QUAN ( 100% - 66.6% ) 3,750

BLOCK 1,762,505 - 2,012,505 - 0.001 QUAN/BLOCK - 0.0005 POS = 0 QUAN ( 100% - 66.6% ) 375

BLOCK 2,012,506 - INFINITY - 0.000001 QUAN/BLOCK - .000001 POS ( 100% - 50% )

Blocks Forecast

Expected Date Blocks Passed
January 2020 512,502
January 2021 1,025,006
January 2022 1,525,008
July 2022 1,762,505
January 2023 2,012,505

Budget Eligibility / Governance

20% of Block Rewards used to fund budget when activated Each Masternode is allowed 1 vote per proposal

PoS Stake Eligibility (QUAN)

Maturity Confirms: 101 confirms

Wallet Status: Requires core wallet to remain online and unlocked for staking.

zPoS Stake Eligibility (QUAN) ( Will be disabled until future wallet release )

Maturity Confirms: 200 confirms

Wallet Status: Requires core wallet to remain online and unlocked for staking.

Transaction Send Eligibility

Minimum Confirm (QUAN) : 6 confirms

Minimum Confirm (zQUAN): 20 confirms + 1 new mint of the same denomination in the network

SwiftX Eligibility

Confirmations: 1 for locking and 6 to spend. Collateral held time: 15 minutes.

Masternode Network Expiry

Node expiration: 120 minutes Node removal: 130 minutes

Quantis Privacy Features

  • Privacy Technology: Custom Zerocoin Protocol based on Libzerocoin (we call this zQUAN)

  • Key Features: Custom accumulator check-pointing system

  • Accumulator Modulus: RSA-2048

  • zPIV Denominators: 1, 5, 10, 50, 100, 500, 1000, 5000

  • Mint time: >= 0.5 seconds

  • Spend time: >= 2.5 seconds

  • Maximum single Spend limit: 35,000 QUAN

  • Maximum single Spend denomination count limit: 7

  • Fees (mint): 0.01 PIV per minted zQUAN denomination.

  • Fees (spend): No fee

  • Minimum QUAN confirmation count required to mint zQUAN: 6 confirmations

  • Minimum zQUAN confirmation count required before spend: 20 confirmations

  • Maturity requirement before zQUAN can be spent: 1 new identical denomination mint added to accumulator

Proof of Work (PoW) Phase Period

April 25th 2018 to January 4th 2019 (FINISHED)

Proof of Stake (PoS) Phase Period

April 25th 2018 from block 1 onward (CURRENT)

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