Logos - Just Launched
Technical details:Logos (short for Local Gold Standard) is an ASIC resistant, strongly decentralized cryptographic multi-signature coin.
Logos is based on the Vertcoin Scrypt-Adaptive-Nfactor algorithm, making Logos one of the most secure crypo-currencies in the world. The algorithm is the least vulnerable to a 51 percent attack.
Technical specifications:- Algorithm: Scrypt-Adaptive-Nfactor
- Block time: 1 minute
- Difficulty refactor: Re-targets every block (Kimotos Gravity Well, KGW)
- Maximum coins: 2,000,000,000,000
- Mining launch date: 20 May 2014
- Logos decimal points: two decimal points
- Currency code: LGS
The short block generation time ensures confirmation of Logos transactions within 1 to 2 minutes.
To ensure continued transaction verification by miners the Logos block rewards increase on a quarterly basis over the next two years.
Number of Logos per block:- Block 1: LGS 1,750,000.0M
- Blocks 20 May to 30 June 2014: LGS 10,000
- Blocks 1 July to 30 September 2014: LGS 12,000
- Blocks 1 October to 31 December 2014: LGS 20,000
- Blocks 1 January to 31 March 2015: LGS 25,000
- Blocks 1 April to 30 June 2015: LGS 30,000
- Blocks 1 July to 30 September 2015: LGS 35,000
- Blocks 1 October to 31 December 2015: LGS 40,000
- Blocks 1 January to 31 March 2016: LGS 45,000
- Blocks after 1 April 2016: LGS 50,000
Block 1: The Logos Funds- Logos Environmental Fund: LGS 250,000.0M
- Logos Seeding Fund: LGS 600,000.0M
- Logos Supporting Fund: LGS 600,000.0M
- Logos Development Fund: LGS 100,000.0M
- Logos Integration Fund: LGS 100,000.0M
- Logos Marketing Fund: LGS 100,000.0M
- =Total: LGS 1,750,000.0M
Links:NEWS UPDATES:- 20/5/2014 - 20:25 : LGS mined until tomorrow evening and during Test mining During after launch testing will be transferred to seeding fund. We will provide you with transaction ID ASAP.
