Introduction : Key Points of Volkshash:
1) First Incentive :
High Effort and High Masternode Cost 585 000 000 . Only 3743 Masternodes exist and the reward is 5% per total block ; this is to prevent masternodes controlling the overall market liquidity and exponentiation masternode control. Sole purpose of a masternode is to allow privatesend and instasend to mix transactions.
2) Second Incentive :
POWAR REWARD
100 VHH cost per transaction. Every volkshash translation will be given back to the miner as incentive. The more activity that takes place the more the miner can receive .
3) Third Incentive :
The Block Fifthening / 20% or 1/5
Deflationary block reward system . Block rewards reduce 20% every 87600 blocks created on the blockchain.
4) Slow Start on POWAR and MASTERNODE
PROOF OF WORK:VHH 5000 from block 0 to 100, Masternode reward starts giving 5% (of total block) from block height #150000 to prevent exponentiation masternode growth or masternode centralization. You can launch a masternode from Block height #1 the reward is 0.0000002% (of total block). This will allow Mastnodes being launched without overwhelming the network.
5) No Asics / No GPU
CPU miners only , YesPower is only CPU mineable at this stage . Low entry mining for all.
6) VHH 1.000 = 1000 Volkoshis/Satoshis . Volkshash has only 3 denominations.
FOR MORE INFORMATION READ THE HASHPAPER : https://volkshash.org Volkshash Basic Information |
Coin Name | Volkshash Coin |
Coin Ticker | VHH |
Coin Mining Algo | YesPower |
Mining Block Reward Type | POWAR (Proof Of Work and Reward) |
Coin Mining Type | POWAR & Masternode |
Volkshash Coin Economics |
Max Market Cap | 2189998625315 |
Pow Target Span / Block Time | 180 Seconds | 3 Minutes |
Pow Block Reward | VHH 4 850 000 | 97% of Block |
Developer Fund Reward | VHH 150 000 | 3% Of Block |
Masternode Reward | VHH 250 000 | 5% Of Block |
Block Reward Total | VHH 5 000 000 |
Developer Fund Use | Funding for Services , Websites and Exchange Listings |
Volkshash Transactional Details |
MinTx Relay Fee | VHH 100 (Miner Relay Fee) |
P2P Transactions | 6 Confirms |
Masternode Minimum Confirmations | 15 Confirms |
Block Confirmation Rate | 100 |
Blockchain Fifthening Reduction Rate | 87600 |
Kimoto's Gravity Well Start And End | 0 |
Dark Gravity Wave Start | 1 |
Volkshash Currency Decimal placement | 3 Decimals |
1 VHH = Satoshi / Volktoshi Count | 1000 |
Masternode Start Block | 1 |
Rpc Port and P2P Port | RPC 17375 P2P 17374 |
Masternode Details: |
Volkshash Masternode Requirements | 585 000 000 |
Volkshash Masternode Reward Structure | 5% of Total Block |
Masternode Reward Block 0 % Stage | From Block 1 - 150 000 |
Masternode Reward Block 5 % Stage | From Block150 000 |
Maximum Amount Of Masternodes To Exist On Chain | +-3744 |
|
Block Reward Schedule | Block Number | Yearly Time Elapsed | Masternode Creation Possibilities |
5000000 | 87600 | 0.5 | 748.7179487 |
4000000 | 175200 | 1 | 598.974359 |
3200000 | 262800 | 1.5 | 479.1794872 |
2560000 | 350400 | 2 | 383.3435897 |
2048000 | 438000 | 2.5 | 306.6748718 |
1638400 | 525600 | 3 | 245.3398974 |
1310720 | 613200 | 3.5 | 196.2719179 |
1048576 | 700800 | 4 | 157.0175344 |
838860.8 | 788400 | 4.5 | 125.6140275 |
671088.64 | 876000 | 5 | 100.491222 |
536870.912 | 963600 | 5.5 | 80.39297759 |
429496.7296 | 1051200 | 6 | 64.31438207 |
343597.3837 | 1138800 | 6.5 | 51.45150566 |
274877.9069 | 1226400 | 7 | 41.16120453 |
219902.3256 | 1314000 | 7.5 | 32.92896362 |
175921.8604 | 1401600 | 8 | 26.3431709 |
140737.4884 | 1489200 | 8.5 | 21.07453672 |
112589.9907 | 1576800 | 9 | 16.85962937 |
90071.99255 | 1664400 | 9.5 | 13.4877035 |
72057.59404 | 1752000 | 10 | 10.7901628 |
57646.07523 | 1839600 | 10.5 | 8.63213024 |
46116.86018 | 1927200 | 11 | 6.905704192 |
36893.48815 | 2014800 | 11.5 | 5.524563353 |
29514.79052 | 2102400 | 12 | 4.419650683 |
23611.83241 | 2190000 | 12.5 | 3.535720546 |
18889.46593 | 2277600 | 13 | 2.828576437 |
15111.57275 | 2365200 | 13.5 | 2.26286115 |
12089.2582 | 2452800 | 14 | 1.81028892 |
9671.406557 | 2540400 | 14.5 | 1.448231136 |
7737.125246 | 2628000 | 15 | 1.158584909 |
6189.700196 | 2715600 | 15.5 | Beyond this point it will be <= 1[/td |
4951.760157 | 2803200 | 16 |
3961.408126 | 2890800 | 16.5 |
3169.126501 | 2978400 | 17 |
2535.3012 | 3066000 | 17.5 |
2028.24096 | 3153600 | 18 |
1622.592768 | 3241200 | 18.5 |
1298.074215 | 3328800 | 19 |
1038.459372 | 3416400 | 19.5 |
830.7674974 | 3504000 | 20 |
664.6139979 | 3591600 | 20.5 |
531.6911983 | 3679200 | 21 |
425.3529587 | 3766800 | 21.5 |
340.2823669 | 3854400 | 22 |
272.2258935 | 3942000 | 22.5 |
217.7807148 | 4029600 | 23 |
Volkshash Website |
Volkhash Websites | https://volkshash.org |
Volkhash Explorer | http://explorer.volkshash.org/ |
Volkhash Pool | http://pool.volkshash.org/ |
Volkhash Github Source | https://github.com/VolkshashDEV/volkshashcore |
Volkhash Github Wallet Release | https://github.com/VolkshashDEV/volkshashcore/releases |
Volkshash Reddit | https://www.reddit.com/r/volkshashofficial/ |
Volkshash Twitter | https://twitter.com/Volks617958711 |
Volkshash EMAIL | Volkshash@gmail.com |