InstaCash Core integration/staging repository
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.
|Block Time||30 Seconds|
|Difficulty Retargeting||Every Block|
|Max Coin Supply (PoW Phase)||2,400,000 ICH|
|Max Coin Supply (PoS Phase)||Infinite|
*will be burned in future blocks.
POW REWARD STRUCTURE:
|1 – 10000||N/A||100 ICH|
|10001 – 100000||25% (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 Height||Block Reward||Masternodes||Stakers|
|100,001 – Inf||5||75%||25%|
Contributors are welcome, however must contact @CORE TEAM at the discord and discuss in your area of expertise and contribution.