[ANN] Cinni | Mandatory: Convert your Cinni to Stakecoin. Instuctions posted. - page 696.

Windows Mac Source
Update: Version 1.1-proper-June 24, 2014. CinniCoin EM Invoicing / Receipting Wallet

Algorithm: Proof of Stake
Total Coins: 15,000,000
Interest: 3.5% Annually
Block Time: 15 Seconds
Fair PoW Distribution
Min stake age: 3 days, Max age: 100 days
Innovative Functions

Anonymous Encrypted Messaging System

EM White-paper: https://dl.dropboxusercontent.com/u/10793660/wp.pdf
EM Wallet Demos: https://www.youtube.com/watch?v=FTjp6e7RDZo &
https://www.youtube.com/watch?v=AGpxCcAWz4o&feature=youtu.be
EM Wallet Guide: https://bitcointalksearch.org/topic/m.7296927
Bootstrap blockchain download: http://www.cinniblock.com

No premine. No IPO.

Media & Publications

Specifications

Block time: 15 seconds
Difficulty retarget: every block
Nominal stake interest: 3.5% annually
Min stake age: 3 days, Max age: 100 days
RPC port: 31812

Proof of work (done)

Algo: scrypt
Block reward: 868 Cinni, no halving
Total coins in pow phase 15 million
(network does not accept PoW any more)

Explorers

Cinnichain block explorer: http://cinnichain.info/
CryptoID block explorer: https://chainz.cryptoid.info/cinni/#
Richest addresses: https://chainz.cryptoid.info/cinni/#!rich
Largest wallets: https://chainz.cryptoid.info/cinni/#!wallets

Pools with payouts in Cinni

https://hashco.ws/

Things we should do:

Contact sites to add Cinni
Contact payment processors about accepting Cinni
Contact merchants about accepting Cinni on their site
Promote the adoption of Cinni

Features we should make for Cinni:

Betting using feeds
Asset creation and trading
Hardware wallet
Contract creation and trading

Please help and share your ideas and things you would like to work on in the development thread

FAQ

What is PoS?
Proof of Stake. http://en.wikipedia.org/wiki/Proof-of-stake
What sould I do to start PoS mining?
Have your wallet unlocked and online.
How compund interest is calculated?
https://en.wikipedia.org/wiki/Compound_interest#Compound_Interest
I still don't understand PoS interest!
Then think about it as 3.5% per year
What is the number of coins?
15 million in PoW phase. Then 3.5% inflation per year assuming everyone is staking
What is happening when my coins are offline? Am I loosing reward?
You are loosing transaction fees and compound interest. Nominal interest will be paid when you find a block
How can I help?
If you want to help, feel free to send me a message with skills you possess and I would be happy to discuss any opportunity.

Quote from: digit on May 28, 2014, 08:04:23 PM

I would like draw everyone attention to this article, it has some important information and examples of how change addresses work and it is the same for bitcoin, cinni and every other altcoin that exists. Everyone should read it so they can understand better how transactions work.

Important parts to read are "How Bitcoin Transactions Work" and "Preventing and Recovering from Change Address Disasters"

http://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/

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Topic: [ANN] Cinni | Mandatory: Convert your Cinni to Stakecoin. Instuctions posted. - page 696. (Read 739188 times)