Examining the Wavi code further .... this is obviously a fork of Dash.
The same code I note above .... right down to the comments ... is in the Dash code.
The only change the Wavi developer seems to have made is to the max block reward (reduced from 500 to 50).
It curious that a coin designed to be long term CPU-only so quickly exits what is referred to as the "CPU mining era".
It would be interesting to hear from the dev regarding this design decision.
Agreed on it being a Dash fork, I noticed that a couple weeks ago when I was researching WAVI deeply.
Has anybody heard from the dev? I searched his profile on btctalk and github and there isn't much for contributions lately. Since April 10th, and that was for a yescrypt16 thread. WAVI has so much potential, I just hope the dev is dedicated to the project.
I see that the dev is very dedicated to the project. Let's take the facts.
1. there are a lot of masternode coins on the market...a lot are premined, others have already 20 mil + coins sold (*by sold I mean mined, I will explain this), and the masternodes are still working bad with "need restart" very often and other problems. This one has 1 month and 1.2 mil coins total and it's working perfect.
* sold=mined because this is the potential of a coin, especially a new one, to sell itself by mining to build the interest to keep the price up and a community until it grows and gets to be used as "money" to buy "goods". If it fails to grow...it will never be used as "money". And this potential is "sold" at the coins with 20 mil coins on the market now, compared to wavi that has only 1.2 mil and already has functional masternodes and a well distributed mining algo.
2. the mining algo is very good and well distributed
3.building interest for the coin: masternodes are a little bit more profitable than mining...so this builds a interest to buy to build masternodes growing the price at a steady rate. There is a limit on the max number of masternodes...1200 now...limit given by the number of coins on the market...around 1.2 mil now
4. keeping the interest to buy, demand that keeps the price growing....flexible reward...for mn it will grow...masternodes/miners split of reward:
now 20%
from block 158000 - 25%
from block 175280 - 30%
from block 192560 - 35%
from block 209840 - 37.5%
from block 227120 - 40%
from block 244400 - 42,5%
from block 261680 - 45%
from block 278960 - 47,5%
from block 313520 - 50%
5. I like even the code that you say is a copy from dash...really ...almost all mn coins are a dash copy...but the way the reward and mn is set to keep a steady grow that is dev's merit in building a coin that sells itself wise to grow.
6. that part of the code that cuts down the reward if diff goes more than 70-80 (now diff is 0,02). Well...i like even that. What happen to the cryptonite coins now with asics ? they changed mining algo, but while they did...it took a month or so...asics mined a lot. That reward cutoff when the diff jumps skyhigh gives the community time to vote on masternodes for algo change without asics mining a lot in the time it takes to do that.By then masternode votes will be functional ....
So...pardon my french...I don't give a f....if dev is not present or I don't know his name. I like very much what he is doing with this coin. And knowing dev's name won't help me very much if a coin goes down. I thrust the algo, the open source, the program not the dev. And the source is public.
Also I don't care who wrote parts of the code...I like what the code does on this coin...it does after 1 month and 1.2 mil coins mined a "functionality" that other old 20 mil + coins don't have
How does this work?
. you will not be able to dig up more than 50 coins. It was more difficult to get from block 24001.