Greetings, Crypto Community!

We are excited to introduce Gridchain, a new decentralized Layer 1 blockchain built to empower the mining community. Gridchain leverages the proven security of Proof of Work (Ethash) consensus while providing compatibility with the Ethereum Virtual Machine (EVM), enabling seamless deployment of smart contracts and decentralized applications.

Why Gridchain?

In a landscape dominated by Proof of Stake networks, Gridchain brings back the true essence of decentralization by involving miners in securing the network. Our mission is to create an ecosystem that rewards miners fairly while fostering innovation in the decentralized application space.

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Key Features

• Proof of Work (Ethash): Secure and battle-tested consensus mechanism. 
• EVM Compatibility: Full support for smart contracts and DApps. 
• No Premine: Fair launch with zero premined coins. 
• No Uncle Rewards: Streamlined reward system focusing on main blocks. 
• 5% Dev Fee: Included in every block to support ongoing development.

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Block Reward Structure

To ensure a balanced and fair distribution, Gridchain implements a decreasing block reward system:

• Block 0 - 100,000: 100 coins per block
  
• Block 100,001 - 200,000: 90 coins per block
  
• Block 200,001 - 300,000: 80 coins per block
  
• Block 300,001 - 400,000: 70 coins per block
  
• Block 400,001 - 500,000: 60 coins per block
  
• Block 500,001 - 600,000: 50 coins per block
  
• Block 600,001 - 700,000: 40 coins per block
  
• Block 700,001 - 800,000: 30 coins per block
  
• Block 800,001 - 900,000: 20 coins per block
  
• Block 900,001 - 1,000,000: 10 coins per block
  
• Block 1,000,001 - 1,100,000: 9 coins per block
  
• Block 1,100,001 - 1,200,000: 8 coins per block
  
• Block 1,200,001 - 1,300,000: 7 coins per block
  
• Block 1,300,001 - 1,400,000: 6 coins per block
  
• Block 1,400,001 - 1,500,000: 5 coins per block
  
• Block 1,500,001 - 1,600,000: 4 coins per block
  
• Block 1,600,001 - 1,700,000: 3 coins per block
  
• Block 1,700,001 - 1,800,000: 2 coins per block
  
• Block 1,800,001 onwards: 1 coin per block
  

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Technical Details

• Algorithm: Ethash 
• Block Time: ~12 seconds 
• Total Supply: Decentralized emission based on block rewards 
• Smart Contracts: Fully supported (EVM compatible) 
• Dev Fee: 5% included in every block

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Community and Support

• Website: TBA
• Discord: https://discord.gg/N5utZUtn6X
• Twitter/X: https://x.com/GridchainNet
• TG Channel: https://t.me/Gridchain
• TG Group https://t.me/GridchainChat

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Roadmap

• Q4 2024: Mainnet Launch, Listing on Exchanges
• Q1 2025: DApp Development Support, Mobile Wallet Development
• Q2 2025: Community Governance Model Introduction 
• Q3 2025: Cross-Chain Interoperability Development

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Join the Gridchain Revolution

We invite miners, developers, and crypto enthusiasts to join us in building a truly decentralized and miner-friendly blockchain ecosystem. Your participation is crucial for the success of Gridchain.

For more information and updates, join our community.

Thank you for your support!