Post
Topic
Board Altcoin Discussion
Re: Proof of Stake Coin List
by
digitsmith
on 08/03/2014, 06:37:59 UTC
Currently researching FlutterCoin.
Launched a few days ago - rocky start but seems to be stable now (i'll cut the dev some slack as this is not a copy and paste coin).

PoW, PoS and introducing Proof of Block (interesting).
Not much in the spec about PoS but looking at the code it seems to be 100% max yearly interest.

Wallet includes coin control (nice).

PoW rewards scales down over 8 years.
I also like the fact that dev is doing his best to stay below the radar and focusing on the code.

Promising - this may be the new coin I was looking for?
Mining FLT while net hashrate still low.

Code:
// miner's coin stake reward based on nBits and coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, bool bCoinYearOnly)
{
    int64 nRewardCoinYear, nSubsidy, nSubsidyLimit = 10 * COIN;
    CBigNum bnRewardCoinYearLimit = MAX_MINT_PROOF_OF_STAKE; // Base stake mint rate, 100% year interest
    CBigNum bnTarget;
    bnTarget.SetCompact(nBits);
    CBigNum bnTargetLimit = GetProofOfStakeLimit(0, nTime);
    bnTargetLimit.SetCompact(bnTargetLimit.GetCompact());

    // FlutterCoin: A reasonably continuous curve is used to avoid shock to market

    CBigNum bnLowerBound = 5 * CENT, // Lower interest bound is 5% per year
    bnUpperBound = bnRewardCoinYearLimit, // Upper interest bound is 100% per year
    bnMidPart, bnRewardPart;

https://cryptocointalk.com/topic/7068-fluttercoin-flt-information/
https://bitcointalk.org/index.php?topic=499126.0

Edit: I asked dev about PoS in Flutter and he said it's the same as NVC except that he changed lower interest bound to 5%