I'm a little confused on the below.
Can someone fill in the blanks please?
Can someone fill in the blanks please?
Algorithm:
1GB AES Pattern Search (didn't we JUST go over this a page or two ago?)
Confirmations:
every 300 seconds
Current POW Reward:
1 ERC per block
Maximum Coins:
No hard limit edit: 32.400.000 total MAX
POW Reward Halving:
None
~9 600 000 ERC i existence, reaches 32 400 000 in proximately 15 years ...
have funMatthias
NOTE:
here are some explanations, i made about Federated Blockchains today,
during a small discussion, i feel, they may fill some blanks too:
https://bitcointalksearch.org/topic/m.17268823
.
the reason i said there is no hard limit on total supply is because the block subsidies never reach zero. Further, the interest gained through term deposits and regular transactions will also contribute to the total supply for an (as yet) undefined length of time.
please tell me you aren't basing the thought of 32 400 000 coins total on this line of code
https://github.com/LIMXTEC/Europecoin-V3/blob/a3ff0a00e973e929b8a6fbc0fefbf3bbf07d1909/src/amount.h#L20
It is fixed on version 3.0.2.0 ... https://github.com/LIMXTEC/Europecoin-V3/releases
My point was that the const MAX_MONEY has nothing to do with the coin's supply value (total or otherwise). It is only used as a limiter for the number of coins that can be included in a single transaction.
So, again, there is NO "total" number of coins that will ever be generated. The available supply will increase indefinitely as long as the chain is moving.
You can loosely calculate how many PoW coins will be generated in any given timeframe (1 coin subsidy per block roughly every ~300 seconds). What cannot be realistically nor accurately calculated is the number of coins generated via interest and TDs.
That is a nice info and a good idea for a testnet. Thank you.
Currently have we generated per month 18.500 ERC.
49f5c8824ca8693df35aac8df28e1cfc08f83509b762cba48ca1748c4820a535-000