and mining 100 times the amount of coins as everyone else.
Making the checkpoint for the premine block would be for your protection and to further validate that everyone is on the correct chain.
Digging further into the code, I have come up with another question. Is there any plan to move ZYRK to Proof of Stake?
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN][PoW][X16R] Zyrk - Pushing the boundaries of blockchain technology
by
pharkinops
on 08/05/2019, 09:50:16 UTC
Regarding MAX_MONEY: Here is your code for calculating block subsidy. There is no logic for reducing the subsidy to zero once 42,000,000 coins have been mined. 'MAX_MONEY' in the code is pretty much used for sending restrictions. Currently there can be an infinite amount of coins produced. This needs to be addressed if anyone plans on giving it a monetary valuation. This isn't limited to this project and is generally overlooked in many coin projects/code.
Re: [ANN][PoW][X16R] Zyrk - Pushing the boundaries of blockchain technology
by
pharkinops
on 08/05/2019, 08:03:48 UTC
ZYRK Premine: 0.5% (200,000 ZYRK) [Fun Fact: 0.5% of 42,000,000 is 210,000] Total Supply: 42,000,000 (Not verified in code. With random block subsidies this seems rather hard to implement.)
I am seeking some transparency (rather than call it a scam) from the developer(s). There are some definite red flags and before anyone wastes any time, money or power it would be much appreciated if you could fill in some blanks.
1. What are the plans from the premine? _____________ 2. How many masternodes are the developers or insiders running? _____________ 3. Could you explain in detail the differences between version 1.0.0 and 1.10 and how the block calculations are made (hard fork concerns)? _____________ 4. Is the block explorer running properly (as there is some discrepancy in the first block and some transactions don't seem to have a full history)? _____________ https://explorer.zyrk.io/address/ZD9iWeTdk57VEKNFnkcXU9NidVvnojQ3SU (see "Total Sent" and "Total Received") (This happens to be the premine address) 5. Can you verify the total supply amount in code since the block subsidies are random? _____________ 6. Has the code base been fully tested? _____________
I'll just leave these here:
Masternodes: There are six masternodes at of the time of this writing. I am assuming the majority of them are run by the same people (clearly #1 and #4) given the current block height (2386) and collateral amount (7500).
Masternode #4 Address: XLJDcEQqXP53hQTytbSNQt111kS7iakniv -- https://explorer.zyrk.io/address/XLJDcEQqXP53hQTytbSNQt111kS7iakniv Balance: 8093.95000000 (Sent: 2192.05000000) Collateral Originated: N/A (Block Explorer does not show where the collateral originated from)