CipherCoin is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes and 10% dedicated for budget proposals. The goal of CipherCoin is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.
- Anonymized transactions using the Zerocoin Protocol.
- Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
- Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.
More information at ciphercoin.net Visit our ANN thread at BitcoinTalk
| Algo | Quark |
| Block Time | 60 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply (PoW Phase) | 10,000 CIPH |
| Max Coin Supply (PoS Phase) | Infinite |
| Premine | 5,250,000 CIPH* |
| Genesis Block | |||
|---|---|---|---|
| Block Height | Reward Amount | Notes | |
| 1 | 5,250,000 CIPH | ||
| Block Height | Masternodes | Miner |
|---|---|---|
| 2-10,000 | 0% (0 CIPH) | 100% (5 CIPH) |
| Phase | Block Height | Reward | Masternodes & Stakers |
|---|---|---|---|
| Phase 1 | 10,001-Infinite | 5 CIPH | 80% (4 CIPH)/20% (1 CIPH) |