AsiaCoin Specifications
Algorithm: Scrypt
PoW + PoS
Symbol: AC
Block Time: 60 seconds
PoW Phase Block Reward: 10,000 AC
PoS Phase Staking Rate: 100% annually decreasing to 2% per annum after 1st year
Min Stake Age: 14 days
Min Transaction Fee: 0.001 AC
Max Coins After 10 Years: 336,394,784 AC
Max Coins After 100 Years: 823,707,260 AC
Initial Distribution: PoW period of 2 weeks
Bittcoinn, why we have so many coins now, not in 10 years? https://chainz.cryptoid.info/ac/
It is not clear for me. 345 million at present?
Algorithm: Scrypt
PoW + PoS
Symbol: AC
Block Time: 60 seconds
PoW Phase Block Reward: 10,000 AC
PoS Phase Staking Rate: 100% annually decreasing to 2% per annum after 1st year
Min Stake Age: 14 days
Min Transaction Fee: 0.001 AC
Max Coins After 10 Years: 336,394,784 AC
Max Coins After 100 Years: 823,707,260 AC
Initial Distribution: PoW period of 2 weeks
Bittcoinn, why we have so many coins now, not in 10 years? https://chainz.cryptoid.info/ac/
It is not clear for me. 345 million at present?
as far as i know, nearly all altcoins have unlimited quantity including Ethereum
i am watching this subject what other coins are doing , but see nothing decisive
good example is 42 coin which was supposed to have 42.00 coins only
now it is as far as i know 52 coins already and growing every day http://42.blockexp.info/
nearly all altcoins have wrong codes as to limit max quantity
for instance :
https://bitcointalksearch.org/topic/m.12120004
mullick ( wallet manager from Cryptsy ) says this time in DMD thread (50% POS)
The following line is commonly mistaken as restricting the total supply. Which it does not.
https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L38
As you can see by the following results its only a sanity check used for transactions. You cant create a single transaction greater than that size.
https://github.com/DMDcoin/Diamond/search?utf8=%E2%9C%93&q=MAX_MONEY
Unless the following line which appears to be unique to dmd restricts it
https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L39
But I dont see that referenced anywhere else in the codebase.
The pos reward allows for endless creation unless otherwise limited
do not know how serious and real is limitation on BTC and LTC ( must ask a dev )
actually, for Asiacoin if someone starts normal Abe Explorer it is still visible a wallet with 3.2 billion coins :
http://www.multifaucet.tk/index.php?blockexplorer=AC&top_addresses=100
shows nice wallet AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu having 3209869924.73000002 Asiacoins
and exactly same wallet shows when someone starts himself Abe Explorer
having this in consideration, i would say changing Asiacoin code to stop POS at current Asiacoin supply would be very counterproductive
every (potential ) serious investor in Asiacoin would start Abe Explorer first ( 15 minutes for a programmer on Linux ) and see this wallet
Thanks for the reply.
