Original archived [ANN] Official Nito Network (NITO) Project - SHA256 PoW
Scraped on 04/07/2025, 00:44:50 UTC
NITO — SHA-256 Proof-of-Work Cryptocurrency
Fair Launch • Real-Time Difficulty • 1-Minute Blocks
Ticker: NITO
Proof of Work (PoW)
Decentralized by Design
Open to anyone with compatible mining hardware.
Security Through Competition
Miners compete fairly using computational power, not wealth.
Equitable Participation
Uniform rules and consistent reward mechanisms prevent centralization and support a truly open network.
SHA-256 Advantages
Proven Security
Time-tested algorithm first implemented by Bitcoin, trusted across major cryptocurrencies.
Widespread Hardware Support
Extensive availability of both new and second-hand ASIC miners ensures open participation.
High Attack Cost
The energy-intensive nature of SHA-256 makes large-scale attacks financially prohibitive, reinforcing network security.
BLOCK REWARD SCHEDULE| Years | Reward (NITO) | Annual Output | Period Total |
| 1 | 512 | 269 107 200 | 269 107 200 |
| 2 | 256 | 134 553 600 | 134 553 600 |
| 3 | 128 | 67 276 800 | 67 276 800 |
| 4 – 10 | 64 | 33 638 400 | 235 468 800 |
| 11 – 20 | 32 | 16 819 200 | 168 192 000 |
| 21 – 50 | 8 | 4 204 800 | 121 939 200 |
| 51 – 200 | 2 | 1 051 200 | 157 680 000 |
POST-DISTRIBUTION PLAN
Once the 200-year emission ends, rewards drop to 0.
A soft fork may be proposed to lock in a permanent 1 NITO block reward
(~0.0455% annual inflation) to retain miner incentives.
This would help offset coin loss and secure the network.
SPECIFICATIONS| Algorithm: | SHA-256 |
| Block Time: | 60 seconds |
| Block Weight: | 0.8 MB |
| Retarget: | Real-time diff algo |
| Genesis Hash: | Nito/Core Genesis 8-4 |
| Premine: | None |
| Total Supply: | 1,154,217,600 NITO |
| Distribution Duration: | 200 years |
| Smallest Unit: | Nitoshi (1 NITO = 100,000,000 Nitoshi) |