Clockcoin is a PoW/PoS coin that holds a monetary value AND a time value. It has a total of 525 Million unit to be released, through a fair p2p mining process. Clockcoin is from the family of PPCoin/Novacoin with latest available algorithms that fixed various problems in the PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is a long term energy-efficient crypto-currency since not all coins are obtained by mining.
Each Clockcoin block provides 60 Clockcoins. It also provides Special Blocks:
365 Clockcoins every 365 Blocks 2014 Clockcoins every 365x4Blocks Clockcoin also provides 5% annual interest on the Clockcoin held. The interest will be paid about every 2 weeks.
Specifications: - 60 seconds block target - 60 Clockcoins per block for normal blocks - Difficulty retargets every block - Mining payout will be halved every year (525600 blocks) - Minimum payout per block 1 coin - Total Clockcoins of 525 Million - 6 confirmations for transaction - 50 confirmations for minted blocks
- Ports: 11054 (connection) and 11055 (RPC)