OrangeCoin (OC)
Orangecoin is a unique combination of POW distribution with POS minting to secure the network. Orangecoin distribution will start on April 27, 2014 with a limited 2 week mining period. After the initial release of 50 million coins, POS interest will be earned at a rate of 20% in the first year, 10% in the second year, 5% in the third year down to a constant 2.5% interest.
PoS will start after at least 14 days of holding of the coins in the wallet. With PoS, the coin is more resilient to 51% attack.
Other Specifications:
-
2 minute block target
-
5000 coins per block initially
-
PoW completely remvoed from block 10000
-
Difficulty retargets every block
-
PoS variable interests:
- 1st year: 20%
- 2nd year: 10%
- 3rd year: 5%
- 4th and subsequent years: 2.5%
-
Total coins will be 200 million
-
4 confirmations for transaction, thus fast 8 mins confirmation for transdactions
-
300 confirmations for minted blocks
-
.5% premine for development, support and maintenance, new feature developments etc.
-
Ports: 18872 (connection) and 18873 (RPC)