Zubit 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 Zubit 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.
More information at zubit.org Visit our ANN thread at BitcoinTalk
| Algo | Quark |
| Block Time | 60 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply (PoW Phase) | 43,199,500 ZBIT |
| Max Coin Supply (PoS Phase) | Infinite |
| Premine | 60,000 ZBIT* |
*60,000 ZBIT Premine was burned in block 279917
| Genesis Block | |||
|---|---|---|---|
| Block Height | Reward Amount | Notes | |
| 1 | 60,000 ZBIT | Initial Pre-mine, burnt in block 279917 | |
| Block Height | Masternodes | Miner | Budget |
|---|---|---|---|
| 2-43200 | 20% (50 ZBIT) | 80% (200 ZBIT) | N/A |
| 43201-151200 | 20% (50 ZBIT) | 70% (200 ZBIT) | 10% (25 ZBIT) |
| 151201-259200 | 45% (22.5 ZBIT) | 45% (22.5 ZBIT) | 10% (5 ZBIT) |
| Phase | Block Height | Reward | Masternodes & Stakers | Budget |
|---|---|---|---|---|
| Phase 1 | 259201-302399 | 50 ZBIT | 90% (45 ZBIT) | 10% (5 ZBIT) |
| Phase 2 | 302400-345599 | 45 ZBIT | 90% (40.5 ZBIT) | 10% (4.5 ZBIT) |
| Phase 3 | 345600-388799 | 40 ZBIT | 90% (36 ZBIT) | 10% (4 ZBIT) |
| Phase 4 | 388800-431999 | 35 ZBIT | 90% (31.5 ZBIT) | 10% (3.5 ZBIT) |
| Phase 5 | 432000-475199 | 30 ZBIT | 90% (27 ZBIT) | 10% (3 ZBIT) |
| Phase 6 | 475200-518399 | 25 ZBIT | 90% (22.5 ZBIT) | 10% (2.5 ZBIT) |
| Phase 7 | 518400-561599 | 20 ZBIT | 90% (18 ZBIT) | 10% (2 ZBIT) |
| Phase 8 | 561600-604799 | 15 ZBIT | 90% (13.5 ZBIT) | 10% (1.5 ZBIT) |
| Phase 9 | 604800-647999 | 10 ZBIT | 90% (9 ZBIT) | 10% (1 ZBIT) |
| Phase X | 648000-Infinite | 5 ZBIT | 90% (4.5 ZBIT) | 10% (0.5 ZBIT) |