| ◢◤ Proof of Stake Yup uses Proof of Stake technology to confirm transactions and keep the blockchain moving. This dramatically minimizes the impact on the environment, and allows anyone to participate, without the need for expensive mining gear. | ◢◤ SeeSaw Reward Mechanism The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved. Ideally 1/3 of the coins in existence should be locked up in Masternodes, this allows for 1/3 of the coins to be staking, and 1/3 of the coins to be providing liquidity to the market and circulating among users. That seems about right, but could be altered if need be to promote a healthy network. If 1/3 of the coins are in Masternodes the block reward would be equally split between the staker and Masternode. | ◢◤ Decentralized Governance Yup has a built in budget and voting system. Proposals can be made by anyone and are voted on by Masternodes. There are coins available to be used for projects related to Yup and its advancement, allowing anyone to contribute and be rewarded directly via the blockchain. The voting system can also be used to gauge support for any proposed changes to the coin or its underlying protocol. |
| ◢◤ Masternode Network Masternodes are responsible for facilitating the Mirage and UrgentX features. They are full nodes that run 24/7 and require collateral of 10,000 YUP to be locked. In exchange for providing this service, and locking up the coins, effectively reducing supply, the Masternode owner is rewarded a portion of the block rewards. The percent of the block rewards earned is variable, and based on the SeeSaw reward mechanism. | ◢◤ Mirage Mirage is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the YupCoin network. This is done via an improved version of Gregory Maxwell's CoinJoin. The Masternodes are responsible for making this possible in a completely decentralized fashion. This allows for a level of anonymity unacheivable by most bitcoin derivatives. | ◢◤ UrgentX UrgentX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. UrgentX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin. |
| Phase | Block Height | Block Reward |
| Phase 1 | 201-21600 | 50 YUP |
| Phase 2 | 21601-43200 | 25 YUP |
| Phase 3 | 43201-Infinite | 10 YUP |
| ______________________________________________________ ◢◤ YupCoin - Downloads Source code: https://github.com/notforhire/Yup Windows Wallet: Windows 64 Linux Wallet: Linux 64 Mac wallet: Mac | ______________________________________________________ ◢◤ Specs Block Reward: Variable based on SeeSaw Reward Mechanism Transaction confirmations: 6 Coinbase confirmations: 40 Block time: 120 seconds Total coins: Unlimited Premine: 1 Million Masternode collateral: 10,000 YUP |