Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ✪ Silkcoin ✪ POW/full POS - Beautiful UI, Full time devs - New wallet UP !
by
yogabba
on 14/05/2014, 04:46:29 UTC
Yep, first POW phase is over.

Now the one week wait for the second stage. In the meantime, gonna stake some coins.

It's a 30-day wait until the next PoW phase:

Quote
Stages and Proof of Work
Algo: scrypt
Block reward: 5000 SC, no halving
First stage POS-POW : block 1 to 10 000 (~7 days & ~50 million coins)
Second stage Full POS : block 10 000 to 50 000 (~30 days)
Third stage POS-POW : block 50 000 to 60 000 (~7 days & ~50 million coins)
Last stage - Full POS at 2% per year and 12 hours maturity

OK, yeah 30 days. I´m really tired lol.