the wallet takes a long time to be sinc
5 years
Yes. Though not as long as the v0.9.2 release of Bitcoin used to take to sync up!
Gapcoin First block 2014-10-21 18:00:09 (5 years and 289.0 days ago)This project is perhaps closer to the Bitcoin whitepaper than the current Bitcoin release, in that nodes (wallets) are still effective miners of new blocks.
Blockchain pruning is also not available in this release, because it hadn't been implemented yet.
In other news: Gapcoin has successfully passed its 3rd block halving event at block #1260000
The block reward is now 2.5 GAP + the Prime Gap reward for that block.
Details for Block #1260000
-
https://chainz.cryptoid.info/gap/block.dws?9cce1eec38c64d38ca8d60f1063d31a3930e334bfa45b0a6bea16dd87c39ec41.htmRaw Block:
{
"hash": "9cce1eec38c64d38ca8d60f1063d31a3930e334bfa45b0a6bea16dd87c39ec41",
"confirmations": 1144,
"size": 199,
"height": 1260000,
"version": 2,
"merkleroot": "25841c8881d5137b326f1803227182c56b7fa3618f4911cfd1f4895f80de05d8",
"tx": [
"25841c8881d5137b326f1803227182c56b7fa3618f4911cfd1f4895f80de05d8"
],
"time": 1596459151,
"nonce": 380,
"difficulty": 22.02518988,
"shift": 32,
"adder": "13458953",
"gapstart": "304620505197284917225240531767225307533770103830083230996475337253582619999097882238473",
"gapend": "304620505197284917225240531767225307533770103830083230996475337253582619999097882242951",
"gaplen": 4478,
"merit": 22.48712023,
"chainwork": "6357762898787856",
"previousblockhash": "bc7049810143294ee4188c3002ebd6a669d78499ed227fd883bc57d877bfd5cd",
"nextblockhash": "f78d89c8906041b503878e92bc9994338f44033104de2b97ebcdc26003956c2c"
}
Details for Block #1259999
-
https://chainz.cryptoid.info/gap/block.dws?bc7049810143294ee4188c3002ebd6a669d78499ed227fd883bc57d877bfd5cd.htmRaw Block:
{
"hash": "bc7049810143294ee4188c3002ebd6a669d78499ed227fd883bc57d877bfd5cd",
"confirmations": 1145,
"size": 200,
"height": 1259999,
"version": 2,
"merkleroot": "277d825552b3a2a798a7ec3b2012c852e8e5a9437c06b6eb367bc94d1f6576c7",
"tx": [
"277d825552b3a2a798a7ec3b2012c852e8e5a9437c06b6eb367bc94d1f6576c7"
],
"time": 1596459069,
"nonce": 10745,
"difficulty": 22.00990854,
"shift": 32,
"adder": "22741921",
"gapstart": "366073848239099977080656165792076020408808996968703336631410178161522029916403218973601",
"gapend": "366073848239099977080656165792076020408808996968703336631410178161522029916403218978019",
"gaplen": 4418,
"merit": 22.16536413,
"chainwork": "6357759222424517",
"previousblockhash": "db5b9a189d28711d889d5d726fff01f91947027f176a15f0910b949d6d63cc12",
"nextblockhash": "9cce1eec38c64d38ca8d60f1063d31a3930e334bfa45b0a6bea16dd87c39ec41"
}
Specifications:
PoW: custom, prime gaps
Block target time 2.5 minutes (fast confirmations like Litecoin = 4x faster transaction confirmations than Bitcoin! **)
Block reward proportional to the current difficulty
Block reward halving every 420000 (about 2 years)Cap: about 10 - 30 million GAP
Difficulty adjusts every block and increases logarithmically (it will probably take years to get to 50)"
** based on the 10 minute average block time (Bitcoin) vs 2.5 minute average block time (Gapcoin).
Source:
https://gapcoin.club