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README.md

Kingscoin Core integration/staging repository

Kingscoin Core is a decentralized, peer-to-peer cryptocurrency with a primary focus on energy-efficiency and scalabilty. The Kingscoin Network makes use of only Proof-of-Stake mining, in the form of masternodes and staking. This means that the Kingscoin blockchain has a very low impact on the environment and ensures that scaling will be a smooth transition in future.

Furthermore, as result of offering multiple ways for users to mint new KGS coins, the network is a lot less centralized than some Proof-of-Work coins that have their hashrates dominated by one or two mining pools.

View the Kingscoin whitepaper here:

https://cdn.discordapp.com/attachments/416697792048922636/461555510496329728/Kingscoin-Whitepaper-v1.0.0.pdf

Coin Specs

Block times: - 1 minute

Maximum supply: - 5,000,000 (5 million) KGS

Consensus mechanism: - Proof-of-Stake (85% masternodes, 15% stakers)

Algorithm: - Quark-hash

Masternode collateral - 2,500 KGS

Features: - SwiftTX, budget, treausury and masternode governance is enabled

RPC Port: - 1778

P2P Port: - 1777

Block reward breakdown (Block height - Reward per block)

Block 201-30,000 - 5.000 KGS

Block 30,001-200,000 - 3.750 KGS

Block 200,001-500,000 - 2.500 KGS

Block 500,001-900,000 - 1.250 KGS

Block 900,001-1,500,000 - 0.500 KGS

Block 1,500,001-6,000,000 - 0.250 KGS

11 year tapering inflation reward, with a cumulative supply capped at 5,000,000 KGS.

More information at https://kgs.network

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