I wanted to post this on CoinedUp Subreddit, but their "spam filter" always mistakenly deletes my post and the mods are not very responsive. Also, I believe posting here might help more people get to know this new coin.Voting URL: http://www.reddit.com/r/CoinedUp/comments/1w6iwi/please_add_netii_to_coinedup/NetII (NET2) is a recently lauched new cryptocoin. I know there are quite a lot cryptocoins here, but NetII devs aim to make a successful coin with a fair start and long term support, not to repeat the premine-launch-sell cycle of some junk coins to rip off people here. On the day of launch, the block reward is very low, essentially eliminating the possibility of a premine. And the block reward is only reduced by 4% every week, such that this coin will be fully mined in a relatively long time (about 8 years). In this way, NetII provides a
fair start, long term support and better distribution.Although NetII has been launched only for less than a week, it has been added to the first exchange (
beedui.com). And currently the network hashrate is over 2GHash/s (5G peak, difficulty 10000+), indicating that people are very interested in this coin. Also, some people already start trading on the official thread. We definitely need a safter and more convenient way for trading, and Coinedup is our ideal place. I believe Coinedup will attract more users if it adds NetII!
Furthermore, NET2 has some small improvements in its wallet. The total coins generated by network and current network hashrate are displayed on the wallet main window. Meanwhile, it is based on the Bitcoin client v1.0 branch, so some exciting new features (like QR code, message signing) are available.
The following specifications are from
the announcement thread on bitcointalkFeatures:* Modern Wallet (Based on Bitcoin v1.0 trunk)
* Total coins generated and network hashrate displayed on the main Window
* QR Code support
* Fair start (block 1 - 1440 have low rewards), no instamine
* No fast reward halvings, long term support
* CPU mining, fast and secure
Block Reward:* Blockchain starts from 1
* Block 1 - 1440: 10 NetII Reward (fair and slow start, no instamine!)
* Block 1441 - 403199: (week 1 - 40) 50 NetII reward for the first week, then it decreases %4 every week
* Block 403200 - 4435200: (week 41 - 440) 10 NetII fixed reward
* After block 4435200: 0 reward after ~440 weeks, miners get tx fees only
Specifications:* CPU Mining (Quark Algorithm)
* Fast Transaction: 60 Seconds Block Time
* Total Coins: ~50,000,000 NetII in ~7 years, no inflation
* Difficulty retargets every 10 blocks
* RPC Port: 27890
Hopefully Coinedup can add this coin to its market!
