[ANN] Korvan Network | PoW/MN | Building the Dynamic P2P Web - page 3.

KorvanNetwork

newbie

Activity: 14

Merit: 0

Quote from: fr4nkthetank on August 24, 2018, 08:47:02 PM

Can you give better details on the block rewards, masternode rewards, etc ?

Just updated the ann with more info on covering masternodes, block reward will be 10 KVN after the instant mine protection period ends on block 10K. During this period blocks will start around 0.0002 and increase each block.

- Zack

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

Can you give better details on the block rewards, masternode rewards, etc ?

KorvanNetwork

newbie

Activity: 14

Merit: 0


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Korvan is an experimental digital currency forked from Bitcoin 0.16.2 that enables instant payments to
anyone, anywhere in the world. Korvan Network uses peer-to-peer technology to operate
with no central authority: managing transactions and issuing money are carried
out collectively by the network. Korvan is the name of open source
software which enables the use of this currency.

The project name is a play on the archaic word korva meaning edge - referring to the focus we have on developing cutting edge technology and to be the most efficient cryptocurrency for on-chain utilities in the blockchain sector. Korvan will start life as a proof-of-work only blockchain til our titan release is completed which is a currently in active development shortly have launch you can track our progress on branch proof-of-stake note all updates will be released in a easy to understand format bi-weekly. Currently the team consit of Simon a university graduate in computer science looking to change how business is done on the blockchain and Zack a self-taught developer fulent in many programming languages seeking to build disruptive technology. Interested in running a pool or other services built on Korvan feel free to join us on discord to discuss partnerships. A small coin sale [32 Masternodes] on discord will take place to jump start project growth, any unsold coins will be burned. These funds will cover exchange listing fees, design cost, marketing, and roadmap development. Each feature in our roadmap will have it's own whitepaper followed by the Korvan purplepaper currently being refined.

Korvan is second blockchain to use Balloon a hashing function that demonstrates memory-hardness while also using a small memory-footprint to verify proofs, this makes it possible for low-memory devices to run full network nodes. Balloon supports both CPU and GPU mining, balloon could be considered a modular proof-of-work algorithm based around how easy it is to introduce different inputs length, memory cost and mixing parameters so we can prevent asic and fpga mining. Special thanks to barrystyle for porting balloon for proof of work use. Balloon hash whitepaper:https://eprint.iacr.org/2016/027.pdf

Discord
Website
Block Explorer

Launched: Sunday, August 26, 2018 12:00:00 AM EDT

Specifications

Algorithm: Balloon(128/4)
Difficulty Algorithm: D601
Unit: KVN (U+1F13A) **🄺**
Block Max Size: 8 MB
Max Block Serialized Size: 16 MB
Block Time: 45 seconds
Block Reward: Slowly increases over 10k blocks to a max of 10 KVN
Block Maturity: 200
TPS: 500+
Max Supply: 22M
Premine: 3%
Atomic Swaps: Compatible
Native Segwit: Compatible
Masternode payments enabled after block 12k
Masternode Collateral: 10000 KVN
Masternode Reward: 25% of block reward

Korvan Downloads

Current build: 1.0.0.2 Finney

Win32: Download

Win64: Download

Linux64: Download

OSX: Download WIP

Source: Github

CPU Miner

Windows: Download
Linux: Download
OSX: Download WIP

GPU Miner

(Nvidia only currently)

Windows: Download
Linux: Github

Finney Roadmap

Port masternode technology from Dash 12.3 ✔️
Change Difficulty Algorithm to handle 45 second blocks ✔️
Vertical appmenu and theme engine with dark/light style ✔️
Support large blocks via Segwit ✔️
Native Bech32 addresses ✔️
Balloon Proof-of-Work (128kb per thread/4 mixing rounds of AES) ✔️
Generate config on first launch ✔️
In-wallet cpuminer ✔️
Public Mainnet Release ✔️

Titan Roadmap

Multi Proof-of-Work algorithm support
Proof-of-Stake with cold staking support
Complete HD wallet with hardware wallet support
Encryption between all peer-to-peer connections inspired by BIP151
kPrivacy - Stealth addresses and bulletproofs
kChains - Deploy private/public nanochains atop Korvan
kFiles - Save files across the encrypted masternode network
kWeb - An alternative internet protocol without ad tracking and data mining

Join Us

Seeking members experienced in crypto

Topic: [ANN] Korvan Network | PoW/MN | Building the Dynamic P2P Web - page 3. (Read 1769 times)