- 5 minute block target
- 6 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
- 11 chained hashing algorithms
- Premine: 0%
Since the reward is variable and depends on the difficulty, is there a maximum amount of coins to be mined? A maximum amount of blocks?
Yes, the max coin amount is 84,000,000
Evan confirms that max coin amount is 84,000,000
Wow! We are nearly at 6,500,000 million Xcoins or Darkcoins or Dash if you will/as you wish.
That's over threefold the instamine.
And it gets even better. Evan Duffield is asking for experienced C++ developpers in the Bitcoin mailing list.
http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg03557.html That means, he has another great project in the pipeline!
I'm in!