NXBoost (NXB) an open source cryptocurrency and globally accessible payment network, with a highly-scalable, hyper-fast, low-fee transaction profile. The NXBoost network features a low-barrier, fully democratized governance mechanism, user-friendly cross-platform clients for universal adoption and a large-scale masternode network supporting a diverse set of services available to network participants. To secure its network, NXBoost utilizes a Quark-based Proof of Work consensus algorithm, to be later switched over to an environmentally-friendly Proof of Stake. Masternode operators are compensated for the services they provide, as are miners and stakers for cryptographically validating transaction on the network.
• Coin Name: NXBoost
• Ticker: NXB
• PoW Algorithm: Quark
• Premine: (#1 Block) 100,001 NXBoost (0,17% of PoW)*
• PoW Blocks: 2 - 409000
• PoS Blocks: Starting from 409001
• Block Time: 60 Seconds • PoW Max Coin Output/Supply: 57,879,300
• PoW Ending: ~ ca. 330 Days (Estimated: October 2018)
• Masternode Requirements: 10,000 NXB
• Maturity: 30 Confirmations
• Prefix: NXBoost adresses start with the capital letter "A"
*the premine is going to be burned on the 1st November 2018
PoW Reward Distribution
|Block Height||Reward Amount||Masternodes||Miners||Dev fee|
|Block 2 - 86400||200 NXB||Masternodes 40 NXB||Miners 160 NXB||0 NXB|
|Block 86401 - 151200||150 NXB||Masternodes 37,5 NXB||Miners 112,5 NXB||0 NXB|
|Block 151201 - 225000||125 NXB||Masternodes 37,5 NXB||Miners 87,5 NXB||0 NXB|
|Block 225001 - 302400||125 NXB||Masternodes 75 NXB||Miners 43,75 NXB||6,25 NXB|
|Block 302401 - 345600||100 NXB||Masternodes 60 NXB||Miners 35 NXB||5 NXB|
|Block 345601 - 388800||75 NXB||Masternodes 45 NXB||Miners 26,25 NXB||3,75 NXB|
|Block 388801 - 408960||50 NXB||Masternodes 30 NXB||Miners 17,5 NXB||2,5 NXB|
|Block 408961 - 409000||1 NXB||Masternodes 0.6 NXB||Miners 0.35 NXB||0.5 NXB|
Masternode and staking rewards with PoS: During the PoS phase, rewards will be distributed among masternode operators, stakers and the dev fund based on a distribution ratio of 60%/30%/10% respectively.
PoS Reward Distribution
Proof of Stake will automatically be enabled at block height 409001.
|Block Height||Reward Amount|
|Block 409001 - 410400||1 NXB|
|Block 411841 - 538560||60 NXB|
|Block 538561 - 581760||25 NXB|
|Block 581761 - 624960||10 NXB|
|Block 624961 - infinite||5 NXB|
For more information check out our whitepaper at: nxboost.org/whitepaper.pdf
Alternatively, we have added a non .pdf version in our Github repository. You can find it in the NXBoost Github Wiki.