also,
i was bugging Cryptsy guys about this coin lol
one of them said they looked into it a bit i think so who knows..
Nice that cryptsy guys will see the original features in this coin
Among the many original features Jackpotcoin provides, one important and original feature is the separation of PoW and PoS. All previous PoW/PoS coins share the same target block time for PoW and PoS. This causes a serious problem for the PoW. As we all know, the coin usually starts with PoW (since PoS based on the coins that need to be mined first). So when the PoS block kicks in, the normal PoW rhythm is broken, the block chain changes from PoW-PoW-PoW- to a mix of -PoW-PoS-PoS-PoW-PoS-PoW-PoS-PoS- etc.
Why this causes problem? well because the target block time is fixed (and are the same for both PoS and PoW). Because of this, the PoW can not keep the target block time. So the algorithm (from Peercoin/Novacoin) delays the PoW block target time (to up to 12X the normal target time). This often causes erratic diff oscillations and usually makes the PoW blocks difficult to mine (due to the huge increase of block time which causes the diff to increase big time). This is a common problem of PoW/PoS mixed coins.
Some recent coins tried to avoid this problem by making the coin transit from pure PoW to pure PoS, thus avoided the co-existence of PoW/PoS, so to avoid the above-mentioned problem. This wave of coins is led by MintCoin. Many copycat coins exist after MINT. Though intelligently avoided the problem, the MINT and its copycats (such as BC, ECC, etc) did not really handle the issue of PoW/PoS coexistence.
JackpotCoin is the first coin successfully handles the issue. By defining different target block times for PoW and PoS, and completely separation of the diff retargeting for them, Jackpotcoin separated the two mechanisms while keeping them in the same blockchain. This is a big advance of the PoW/PoS coin. For JackpotCoin, the PoW target block time is at 120 sec, while PoS at 20sec. The PoW block time matches perfectly the target block time, and the generation of PoS does no longer affect the PoW mining.
Another big advantage of this new and original feature, is that the transaction confirmations become zap fast. The transactions are mainly confirmed with PoS blocks, which is a lot faster than PoW blocks. Thus, without issuing more coins related to mining, the JackpotCoin's transaction is confirmed in less than a minutes on average. This makes the coin is a good candidate for real world spending coin.
Again, this is just one of the many original features in JackpotCoin. We innovate, and let others copy us
. Mind sharing your details to hit those #'s?
