A little bit more information about the difference in the emmision for this blockchain:
Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.
Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.