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README.md

InstaCash Core integration/staging repository

Build Status GitHub version

InstaCash 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 InstaCash 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 instacash.cc Visit our ANN thread at BitcoinTalk

Coin Specs

AlgoQuark
Block Time30 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply (PoW Phase)2,400,000 ICH
Max Coin Supply (PoS Phase)Infinite
Premine500,000 ICH*

*will be burned in future blocks.

Reward Distribution

POW REWARD STRUCTURE:

Block HeightMasternodesMiner
1 – 10000N/A100 ICH
10001 – 10000025% (2.5 ICH)75% (7.5 ICH)

Total ICH in circulation in POW: 1,000,000 [phase-1] + 900,000 [phase-2] + 500,000 [premine] = 2,400,000 ICH

N.B.: First 10k PoW blocks have 100 ICH reward because many people are well informed about the launch because of per-announcement, so we’ll see big hashrate and high mining difficulty in first few days. so we have increased block rewards for first 3~4 days so that no one get any loss from high difficulty mining. Also it’ll sustain coin value.

POS REWARD STRUCTURE:

Block HeightBlock RewardMasternodesStakers
100,001 – Inf575%25%

CONTRIBUTERS:

Contributors are welcome, however must contact @CORE TEAM at the discord and discuss in your area of expertise and contribution.

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