| ◢◤ Proof of Stake Yup uses Proof of Stake to confirm transactions and keep the blockchain moving. This 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. | ◢◤ 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 full nodes, just like in the Bitcoin network, except that they provide a level of service to the network and require collateral to participate. Collateral is never forfeited and is safe while the Masternode is operating. This allows investors to provide a service to the network, earn interest on their investment and reduce the volatility of the currency. In order to run a masternode, you're required to have 10,000 YUP and a static IP address. Due to the nature of the Masternode rewards, the amount that you are going to receive is dependent on the total count of active Masternodes. | ◢◤ 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 BitSend network. Obfuscation is achieved by using network nodes in order to break up and reroute the flow of money in a way that is hard to track down. Further obfuscation takes place by using similarly sized pools of money which makes it difficult to pin-down identical amounts to a certain transaction especially when multiple transactions are occurring simultaneously, all with the same amount of money. Multiple rounds of mixing are employed so that tracking payments becomes exceedingly difficult as the number of mixing rounds increases. This process requires more time than normal transparent transactions as time is needed to accommodate the pooling of multiple transactions. To solve this issue, the ability to pre-mix coins has been implemented so that one can use "anonymized" coins right away. | ◢◤ 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: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/win_64.zip Linux Wallet: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/linux_64.tar.gz Mac wallet: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/osx.tar.gz | ______________________________________________________ ◢◤ Specs Block Reward: Variable based on SeeSaw Reward Mechanism Transaction confirmations: 6 Coinbase confirmations: 40 Block time: 120 seconds Total coins: infinite Premine: 1 Million Masternode collateral: 10,000 YUP |