What is Innova Coin?
Innova is a revitalized cryptocurrrency with a state of the art blockchain that focuses on speed, security, and integration with the world around it. Running on a Tribus algorithm and achieving a stable 15 second per block consistent chain we can provide instantaneous transfers of funds anywhere in the world, supported by a network of full nodes called Fortuna Stakes, but before we get into that lets break down the blockchain and the technology behind it.
Blockchain Specifications
Name: Innova
Ticker: INN
Block Time: ~15 Seconds
Block Style: Pow/Pos Hybrid(For 50k Blocks after Full PoS) + Fortuna Stakes
Algorithm: Tribus
PoW Reward: See Below
PoS Reward: 6% Annual Static Inflation
Min Stake Age: 10 Hours
Fortuna Stake Reward: 65%
Fortuna Stake Collateral: 25,000 INN
Maturity: 75 blocks
Confirmations: 10 blocks
Max Supply: 25 Million
Premine:
- 10.35 Million -
8.1 Million - Swap for Old Innova v0.12 Chain
1 Million - Development Fund held by @CircuitBreaker ( Meant for ALL FUTURE DEVELOPMENT [Example - First item on the list is Custom Discord Bot Built by @Penguin who has accepted 2500 INN for bot development, and as lead Developer I will pay any Developers who help in updates or build tools we use for Innova or those who join Development Team])
500k - @mangae is in control of this fund- 50k @Jimmy10 & 50k @Hercy- Moneybyte for exchange listings & setting up of Fun Zone and Hedge (MON-INN) - 50K for Misc Help IF NEEDED - 100k TipBot & Fun Zone - 250k for shared Fortuna Stake system
PoW Structure:
Blocks 1 - 490 (Fair Block Launch)
0.0825 Coins
Blocks 491 - 5000
0.33 Coins
Blocks 5001 to 10000
0.66 Coins
Blocks 10001 to 15000
0.99 Coins
Blocks 15001 to 20000
1.32 Coins
Blocks 20001 to 25000
1.65 Coins
Blocks 25001 to 27500
1.485 coins
Blocks 27501 to 30000
1.32 Coins
Blocks 30001 to 32500
1.155 Coins
Blocks 32501 to 35000
0.99 Coins
Blocks 35001 to 37500
0.825 Coins
Blocks 37501 to 40000
0.66 Coins
Blocks 40001 to 42500
0.495 Coins
Blocks 42501 to 45000
0.33 Coins
Blocks 45001 to 47500
0.165 Coins
Blocks 47501 to 50000
0.0825 Coins
Block 50001 - PoW Shutdown
Proof-of-Data
The Proof-of-Data system is a blockchain-based hashing and time stamp function that authenticates your file with a unique hash and timestamp on the Innova Blockchain, which can be checked by anyone, removing any third-party trust. This allows Innova to validate digital files for professional use.
Stealth Addresses keep both customer and merchant secure, this allows a merchant to accept Innova for their services without allowing a user to see everyone who has paid to that address adding a layer of much needed security for merchant and consumer. A link to a detailed diagram of how this technology functions is shown above.
Fortuna Stake
The Fortuna Stake Technology functions similarly to the Masternode System, and, just like Masternodes, they support the chain stability while also enforcing the chain parameters. This new system has major improvements on the traditional approach. Firstly, the Fortuna Stake system is made up of two running components: the stake which expands the network reach and support the blockchain and its health, as well as the Fortuna Protocol, which helps balance the income between stakeholders. Secondly is the unique payment system called dFPS (Decentralized Fair Payment System) which ensures fair payments to all. To give an example, if you started your Fortuna Stake at block 100 and there were 50 Fortuna Stakes on the network then your status would show Registered as it is registered in the Fortuna Stake list and awaits a full round of payments. One full round is equivalent to the number of Fortuna Stakes online (in this example this would be 50 blocks as 50 Fortuna Stakes are online). After the round has passed, the Fortuna Stake status will read Active for Payment and will be able to start receiving rewards. This system also ensures that no Fortuna Stake is getting paid above average, by scanning the previous blocks to find the average payment and if it is then the block is rejected by the network. Third is the Payment Stabilization System which does not allow any stakes income to be in excess of 25% of the median payment rate (Example If 1 INN every 100 blocks is the average then the protocol will reject any payments above 1.25 INN. If the payment on the other hand is below 0.75 INN then the system will assign more payments to attempt to balance the reward distribution). Fourth is a system called Ring Signatures, which aims to replace the more popular Darksend feature. Ring Signatures are a type of digital signature that can be performed by any member of a group of users who each hold a key. One of the security properties of a Ring Signature is that it should not be computationally feasible to find out which of the group members keys were used to produce the signature. A Ring Signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a ring of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. In other words, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Innova given that every transaction output has plausible deniability (the network can not tell which outputs are spent or unspent).
Fortuna Stake Network
Fortuna Stakes are full nodes, just like those on the Bitcoin network, except that they provide a level of service to the network and require collateral in order to participate in functions. The collateral is never lost, and is completely safe while the Fortuna Stake is in operation. This system allows investors to provide a service to the network, earn interest on their investment, and reduce the volatility of the currency. To run a Fortuna Stake , you're required to have 25,000 INN and a static IP address. Fortuna Stakes allow for increased security and privacy.
Fortuna Stake guide
Fortuna Stake hosting
Now you can host your masternodes in MNSimple or iHostMN :
https://stackofstake.com/
https://mnsimple.com/
https://ihostmn.com/hostmn.php?coin=INN
Exchanges
- Crex24: https://crex24.com/nl/exchange/INN-BTC
- AltMarkets Exchange: BTC - https://altmarkets.io/trading/innbtc | ETH - https://altmarkets.io/trading/inneth
NO More Mining Pools, We are in FULL PoS Phase
Wallets
Windows wallet: https://github.com/innova-foundaton/wallet/releases/download/v4.3.8.8/innova-qt-v4.3.8.8.zip
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Blockexplorerhttp://explorer.innovacoin.io/Roadmap - WILL BE UPDATED 17/01/2020 update:
https://github.com/innova-foundaton/wallet/releases/download/v4.3.8.8/innova-qt-v4.3.8.8.zipInnova Release Notes* Fixed Qt segfaults
* Update Refresh button in Qt
* Added ARM/ARM64 Architecture Build Support
* Added the following RPC commands; -getnettotals, -ping, -getnetworkinfo, -disconnectnode, -maxuploadtarget, -maxorphantx.
* Updated -getblock, now includes chainwork
* Fix anon rpc commands
* FS last seen times tweak
* Fixed segfault on new startup
* Additional debug returns
* Added bytes sent/received to peer RPC commands
* Added STUN server support `GetSTUNExternalIP()`
* Added -zapwallettxes flag on startup
* Large input staking fix
* Added wallet unlock dialog to FS start in Qt
* CreateTx priority Fix
* Added Innovai as unit option
* Added Qt icon for -fsconflock=1
* Wallet Optimizations
Innova.exe v4.3.8.6 HashesMD5 | 1BD5BC1F2B48BA550AB0FC296B4D6004
CRC64 | ACD98B75D3F2D620
SHA-1 | A1E317FF43D2161569A7C5D7CB6BA54D3215D3D5
SHA-256 | 0D8F5AA01F110778DD610FA2E5F47299DA81AA7AF233B13004A0AC260C5B50C4
SHA-512 | 91FD2E7952F71EEE4C5348C6C0117103E37E40FF6C3604B11F7ACB80C342951CB9CF42E8DCF09FF 59CC515D7637386EF59224A210EAB4B58FA3044BBE30A779F