🎉 Exciting News! 🎉
We're thrilled to announce that the homepage of etherify.org is officially LIVE! 🚀🌐
Thank you for your patience and support throughout this journey, and stay tuned for more updates coming soon! 🔥
Visit now: etherify.org
Topic: [ANN][ETY] Etherify - No Devfees | No Instamine | No Uncle Rewards (Read 209 times)
November 19, 2024, 12:35:25 PM
November 19, 2024, 01:01:35 AM
November 18, 2024, 05:57:59 AM
we added new peer. thanks for being patient with us!
Pool will be available soon.
Pool will be available soon.
November 13, 2024, 10:16:23 AM
Yes, we are redesigning the Etherify landing page and will have it live as soon as possible.
November 13, 2024, 05:04:04 AM
Homepage contains so little information.
November 13, 2024, 02:52:56 AM
etherify.org
Decentralized Infrastructure
Our network is built on a fully decentralized infrastructure designed to support a distributed ecosystem, preventing central points of control and maximizing both security and autonomy for all participants.
Proven Proof of Work Mechanism
Harnessing Ethash, an established and secure consensus algorithm, our network ensures true decentralization, stability, and battle-tested resilience, offering reliability in every transaction and validation.
Dynamic Tokenomics
To promote sustained engagement and reward ecosystem supporters, the block reward begins at 100 tokens and follows a deflationary model, gradually decreasing over time. This incentivized structure is crafted to encourage long-term participation and stability.
EVM Compatibility for DApp Ecosystem Growth
With full compatibility with the Ethereum Virtual Machine (EVM), developers can seamlessly deploy and scale decentralized applications (DApps) and smart contracts. This compatibility opens doors for a diverse, thriving ecosystem of DApps to evolve on our platform.
Fair Distribution with No Instamine
A sufficiently high initial block difficulty level prevents instamining, ensuring fair distribution from the very first block and protecting the integrity of the token distribution.
Low Transaction Fees
Our low-fee model makes transaction costs minimal, enabling high accessibility and cost-efficient interactions across the network, whether for simple transfers or complex contract executions.
Efficient Reward System without Uncle Rewards
Our streamlined block reward system focuses solely on main blocks, eliminating uncle rewards. This design enhances clarity, simplifies miner incentives, and supports a more transparent network environment.
Strategic Allocation & Development
We have earmarked approximately 40 million ETY for development and future expansion efforts. Unlike many networks, our project operates with zero dev fees on mined blocks, ensuring that miner rewards stay in the ecosystem. Our primary focus is the development of a user-friendly API layer, enabling smart contract creation through an intuitive, drag-and-drop interface with straightforward input fields, greatly simplifying the process for both novice and experienced developers alike.
Block Reward Structure
Etherify adopts a decreasing block reward system, incentivizing sustained engagement over time. Below is the reward schedule:
Block Range Reward per Block
0 - 100,000 100 ETY
100,001 - 200,000 90 ETY
200,001 - 300,000 80 ETY
300,001 - 400,000 70 ETY
400,001 - 500,000 60 ETY
500,001 - 600,000 50 ETY
600,001 - 700,000 40 ETY
700,001 - 800,000 30 ETY
800,001 - 900,000 20 ETY
900,001 - onwards 10 ETY
- Chain ID: 1505
- Currency Ticker: ETY
- Mining Algorithm: Ethash
- Average Block Time: ~12 seconds
- Max Supply: Infinite
- Foundation Fee: 0% of block rewards
- Homepage: https://etherify.org
- Explorer: https://scan.etherify.org
- Discord: https://discord.gg/fnf4Byt4PH
Decentralized Infrastructure
Our network is built on a fully decentralized infrastructure designed to support a distributed ecosystem, preventing central points of control and maximizing both security and autonomy for all participants.
Proven Proof of Work Mechanism
Harnessing Ethash, an established and secure consensus algorithm, our network ensures true decentralization, stability, and battle-tested resilience, offering reliability in every transaction and validation.
Dynamic Tokenomics
To promote sustained engagement and reward ecosystem supporters, the block reward begins at 100 tokens and follows a deflationary model, gradually decreasing over time. This incentivized structure is crafted to encourage long-term participation and stability.
EVM Compatibility for DApp Ecosystem Growth
With full compatibility with the Ethereum Virtual Machine (EVM), developers can seamlessly deploy and scale decentralized applications (DApps) and smart contracts. This compatibility opens doors for a diverse, thriving ecosystem of DApps to evolve on our platform.
Fair Distribution with No Instamine
A sufficiently high initial block difficulty level prevents instamining, ensuring fair distribution from the very first block and protecting the integrity of the token distribution.
Low Transaction Fees
Our low-fee model makes transaction costs minimal, enabling high accessibility and cost-efficient interactions across the network, whether for simple transfers or complex contract executions.
Efficient Reward System without Uncle Rewards
Our streamlined block reward system focuses solely on main blocks, eliminating uncle rewards. This design enhances clarity, simplifies miner incentives, and supports a more transparent network environment.
Strategic Allocation & Development
We have earmarked approximately 40 million ETY for development and future expansion efforts. Unlike many networks, our project operates with zero dev fees on mined blocks, ensuring that miner rewards stay in the ecosystem. Our primary focus is the development of a user-friendly API layer, enabling smart contract creation through an intuitive, drag-and-drop interface with straightforward input fields, greatly simplifying the process for both novice and experienced developers alike.
Block Reward Structure
Etherify adopts a decreasing block reward system, incentivizing sustained engagement over time. Below is the reward schedule:
Block Range Reward per Block
0 - 100,000 100 ETY
100,001 - 200,000 90 ETY
200,001 - 300,000 80 ETY
300,001 - 400,000 70 ETY
400,001 - 500,000 60 ETY
500,001 - 600,000 50 ETY
600,001 - 700,000 40 ETY
700,001 - 800,000 30 ETY
800,001 - 900,000 20 ETY
900,001 - onwards 10 ETY
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