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README.md

divoty-02

Coin Specifications

Specification Value

Algorithm - Scrypt

Type - PoW/PoS

Block Spacing - 64 seconds

Coin Limit - 100 Million

Difficulty Retarget - Every block

Block Reward Details - 500,000 blocks

Block Reward - 50 DTC

Stake Reward - 9% per annum

DivotyCoin is a PoS-based cryptocurrency. The world's unique Crowdfunding Community-driven cryptocurrency. DivotyCoin can handle a higher volume of transactions thanks to its faster block generation. If Bitcoin were to try to match this, it would require significant updates to the code that everyone on the Bitcoin network is currently running.

A merchant who waited for a minimum of two confirmations would only need to wait 128 seconds, whereas they would have to wait 10 minutes for just one confirmation with Bitcoin.

The key difference for end-users is the speed a transaction is validated. DivotyCoin requires only 64 seconds to generate a block, as opposed to Bitcoin's 10 minutes.

Bitcoin uses the SHA-256 hashing algorithm, DivotyCoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin.

Development process

Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.

The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if they don't match the project's coding conventions (see coding.txt) or are controversial.

The master branch is regularly built and tested, but is not guaranteed to be completely stable. Tags are regularly created to indicate new stable release versions of DivotyCoin.

Feature branches are created when there are major new features being worked on by several people.

From time to time a pull request will become outdated. If this occurs, and the pull is no longer automatically mergeable; a comment on the pull will be used to issue a warning of closure. The pull will be closed 15 days after the warning if action is not taken by the author. Pull requests closed in this manner will have their corresponding issue labeled 'stagnant'.

Issues with no commits will be given a similar warning, and closed after 15 days from their last activity. Issues closed in this manner will be labeled 'stale'.

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