This is the official announcement of the Cricket Network. It's an all new cryptocurrency network written from scratch. Integrated in the core functions of Cricket, a system for easy to build "smart contracts" and applications will allow for common practical everyday use. Included in the network functionality will be an easy to use currency creating application allowing users to build their own currency type for the Cricket Network. Developers can create a currency with whatever specifications they choose with smart contract options such as "in coin voting", allowing for voting for coin specification changes with on the fly updates.

After core network functionality, the next focus of the project is expandability. Cricket is being designed to be easily built onto. After v1 of release, core code will be made public for developers to build on top of the network.

The native currency fueling the Cricket Network is called Cricket Shares, or [CRS]. CRS, will use a reputation based rewards system. Like POS, rewards will be distributed through participants "staking" their coins. Differently, participants will be give a reputation score based on their network importance. This style of pos is called proof of importance, or poi.

For CRS, each network participants importance score will be determined by several factors. A few generic variables that form the importance score include: age of account, network interations, and number of coins. We're working on integrating several newly designed factors for poi into CRS.

Development of Cricket is going smoothly and our team has been meeting all of our personal milestones. Our goal is to have a public beta of the core network live in about a month.

Total Cricket Shares will be 10 billion.

As for distribution, 92% of CRS will be distributed though an ico. 8% will go towards CRS poi network rewards.

Bookmark for upcoming ico announcement.