BlockidCoin Core integration/staging repository

BlockidCoin 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 BlockidCoin by granting a higher block reward for zPoS over regular PoS and masternodes. In practice BlockidCoin 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 zBID for easy backups. The goal of BlockidCoin is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.

• Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX. More information at blockidcoin.com Visit our ANN thread at BitcoinTalk Join our community on Discord

Coin Specs

Algo	Quark
Block Time	60 Seconds
Difficulty Retargeting	Every Block
Max Coin Supply (PoW Phase)	60,000,000 BID
Max Coin Supply (PoS Phase)	Infinite
Premine	360,000 BID*

*360,000 BID Premine

Reward Distribution

Genesis Block
Block Height	Reward Amount	Notes
1	360,000 BID	Initial Pre-mine PoW Rewards Breakdown Block Height Masternodes Miner Budget 0-500 0% (0 BID) 100% (1 BID) N/A PoS Rewards Breakdown Phase Block Height Reward Masternodes Stakers MN Collateral Phase 2 501-5000 0.5 BID 0.495 BID 0.005 BID 100 BID Phase 3 5001-10000 1 BID 0.995 BID 0.005 BID 200 BID Phase 4 10001-20000 1.5 BID 1.495 BID 0.005 BID 300 BID Phase 5 20001-30000 2 BID 1.995 BID 0.005 BID 400 BID Phase 6 30001-40000 2.5 BID 2.495 BID 0.005 BID 500 BID Phase 7 40001-50000 4 BID 3.995 BID 0.005 BID 850 BID Phase 8 50001-60000 4.5 BID 4.995 BID 0.005 BID 1000 BID Phase 9 60001-70000 7 BID 6.995 BID 0.005 BID 1250 BID Phase 10 70001-80000 8.5 BID 8.495 BID 0.005 BID 1500 BID Phase 11 80001-90000 9.5 BID 9.495 BID 0.005 BID 1700 BID Phase 12 90001-100000 10.5 BID 10.495 BID 0.005 BID 1900 BID Phase 13 100001-110000 11.5 BID 11.495 BID 0.005 BID 2000 BID Phase 14 110001-120000 13 BID 12.995 BID 0.005 BID 2500 BID Phase 15 120001-130000 15 BID 14.995 BID 0.005 BID 4500 BID Phase 16 130001-Collateral Lock 20 BID 19.995 BID 0.005 BID 7000 BID