Simplicity is an open source crypto-currency focused on fast transactions, with low transaction fees & environmental footprint. It utilizes multi algo PoW, PoS, and several masternode tiers for securing its network. The goal of Simplicity is to achieve a decentralized sustainable crypto currency with near instant transactions, fair governance and community intelligence.
- 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 simplicity-coin.com Visit our ANN thread at BitcoinTalk
| Mining Algos | Quark and Scrypt^2 |
| Block Time | 80 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply | 7,000,000,000 SPL |
| Block Height | Reward | Masternodes | Miners | Budget |
|---|---|---|---|---|
| 1-200 | 15000000 | 66.7% | 33.3% | N/A |
| 201-400 | 0 | 66.7% | 33.3% | N/A |
| 401-2000 | 500 | 66.7% | 33.3% | N/A |
| 2001-1029999 | 100 | 66.7% | 33.3% | N/A |
| 1030000-1349999 | 10000 | 66.7% | 23.3% | 10% |
| 1350000-∞ | 1000 | tier 3 - 19.5% / tier 2 - 13% / tier 1 - 6.5% | 51% | 10% |
| Block Height | Reward | Masternodes | Stakers | Budget |
|---|---|---|---|---|
| 0-1029999 | 22.38% annual interest | 66.7% | 33.3% | N/A |
| 1030000-1349999 | 10% annual interest | 66.7% | 23.3% | 10% |
| 1350000-∞ | 10% annual interest | tier 3 - 39% / tier 2 - 26% / tier 1 - 13% | 12% | 10% |