Ninjastic
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Board Announcements (Altcoins)
[ANN] ZERO - fork of Zcash with harder mining params
by
zerocurrency
on 19/02/2017, 16:15:35 UTC
[ANN] ZERO - fork of Zcash with harder mining params


ZERO is fork of Zcash (Zcash is fork of Bitcoin). It has security of Bitcoin, privacy of Zcash and few other improvements. ZERO includes the best privacy and anonymity technology available today.

Goal of this fork is:
  • test completely different set of equihash parameters in the wild, chosen parameters: N=192, K=7
    • these parameters should target generally available hardware for mining
  • learn from it

All these parameters are improved by this change:
  • higher time complexity
    • about 16 times*
  • higher memory requirements
    • about 16 times*
  • faster block verifications
    • 4x
  • smaller solutions
    • 400 bytes instead of 1344 bytes are inserted in every block

How were these parameters chosen:
  • abandoning idea of mining on mobile devices
  • making it hard enought to postpone the risk of ASICs
  • memory requirements target regular desktop PCs and graphic cards with at least 8GB of RAM

Coin distribution changes:
  • no founders reward
  • no premine
  • no slow start
  • no halvening
    • stable supply of coins
    • minimizing violent mining strategies
    • removes stressful event that heavily impacts miners and market price
    • no coin cap
    • small inflation (smaller and smaller over time)
    • lowers the early adopter advantage
    • steady reward for miners can result in lower fees in future
    • at least some compensation for forever lost coins
  • 1 block per 2 minutes on average
  • 10 coins per block

Distribution:
  • 7200 coins/day (the same rate as BTC and Zcash before the first halvening)
  • after 1 year:     2 631 600
  • after 10 years: 26 316 000
  • after 20 years: 52 632 000
  • after 30 years: 78 948 000


Additional effects of changes:
  • 4MB max block size
    • faster blocks combined with increased block size and with shorter solution length enables much higher transaction capacity than Bitcoin and Zcash.

Unchanged:
  • the same initial trusted setup as Zcash

Minor changes:
  • wallet.dat renamed to wallet.zero (an easy change to make it just a little bit harder for a malware)
  • each new wallet is created with 10000 addresses to minimize losing coins due to old backup of wallet
  • coinbase maturity increased to 720 blocks (24 hours) to prevent currency hopping

Future goals:
  • merge fixes and improvements from Zcash and Bitcoin
  • add support for WIN and MAC
  • change equihash parameters if ASICS become available or feasible
  • increase block size if needed in future

Names and symbols:
  • currency name: ZERO
    • not ZERO cash, not ZERO coin, just ZERO or ZERO currency or ZERO cryptocurrency
  • currency unit: ZER
  • currency symbol: Ƶ

* Estimations are based on current state that will probably change with new optimisations and with mining on graphic cards
 
Launch date: 2017-02-19

Github: https://github.com/zerocurrency/zero

WARNING: ZERO is completely EXPERIMENTAL piece of opensource software and is provided as is without any guarantees.


Quick info




Standalone miners GPU:

Standalone miners CPU:

Pools:

Exchanges:

Faucets:

Block explorers:

How can you help?
  • Run ZERO node
  • Help with development, testing or marketing
  • Help other users
  • Donate: t1gUHkWqcC9ruk6iGkeDKnxtPAsrgm8AGVt

Community: