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Author Topic: [ANN] Official Nito Network (NITO) Project - SHA256 PoW  (Read 339 times)
Nito Community (OP)
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July 04, 2025, 12:44:50 AM
Last edit: July 19, 2025, 10:49:34 PM by Nito Community
 #1

NITO — SHA-256 Proof-of-Work Cryptocurrency
Fair Launch • Real-Time Difficulty • 1-Minute Blocks

Ticker: NITO

Proof of Work (PoW)

Decentralized by Design
Open to anyone with compatible mining hardware.

Security Through Competition
Miners compete fairly using computational power, not wealth.

Equitable Participation
Uniform rules and consistent reward mechanisms prevent centralization and support a truly open network.


SHA-256 Advantages

Proven Security
Time-tested algorithm first implemented by Bitcoin, trusted across major cryptocurrencies.

Widespread Hardware Support
Extensive availability of both new and second-hand ASIC miners ensures open participation.

High Attack Cost
The energy-intensive nature of SHA-256 makes large-scale attacks financially prohibitive, reinforcing network security.

BLOCK REWARD SCHEDULE

Years      RewardAnnual OutputPeriod Total
1          512269,107,200269,107,200
2          256134,553,600134,553,600
3          12867,276,80067,276,800
4–10       6433,638,400235,468,800
11–20      3216,819,200168,192,000
21–50      84,204,800121,939,200
51–200     21,051,200157,680,000

POST-DISTRIBUTION PLAN

Once the 200-year emission ends, rewards drop to 0.  
A soft fork may be proposed to lock in a permanent 1 NITO block reward  
(~0.0455% annual inflation) to retain miner incentives.  
This would help offset coin loss and secure the network.

SPECIFICATIONS

Algorithm:               SHA-256
Block Time:              60 seconds
Block Weight:            0.8 MB
Retarget:                Real-time diff algo
Genesis Hash:            Nito/Core Genesis 8-4
Premine:                None
Total Supply:           1,154,217,600 NITO
Distribution Duration:  200 years
Smallest Unit:          Nitoshi (1 NITO = 100,000,000 Nitoshi)

DOWNLOADS, LINKS & EXTRAS

Official Websites  
https://nito.network/  
https://github.com/NitoNetwork/

Whitepaper  
https://nitonetwork.github.io/Nito-Whitepaper/

Wallets  
https://github.com/NitoNetwork/Nito-core/releases – Nito Core  
https://minto.day/index.php?view=wallet#/homepage – Minto Web Wallet  
https://wallet-nito.nitopool.fr/ – NitoPool Web Wallet  

Vanity Address Generator  
https://vanito.org/

Block Explorers  
https://explorer.nito.network/  
https://nitoexplorer.org/  
https://nito-explorer.nitopool.fr/  
https://minto.day/index.php?view=explorer
http://radioactive.sytes.net:9797/

Mining Pools  
NitoPool.fr – SOLO, PROP & PPLNSBF
Minto Day – SOLO  
Radioactive Pool – SOLO & PROP  
CMinors AU – PROP  
NitroPool – SOLO & PROP (operated by ANN author)


Coin Stats  
https://www.livecoinwatch.com/price/NitoCoin-_NITO  
https://miningpoolstats.stream/nitocoin

Centralized Exchanges  
⚠️ Always do your own research. Withdraw coins to your wallet after trading.  
https://rabid-rabbit.org/account/trade/NITO-USDT

Benjade
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July 07, 2025, 02:53:19 AM
 #2

Im in  Grin
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July 08, 2025, 07:46:09 AM
 #3

Welcome! Be sure to join the Discord and say hi 👋
https://discord.com/invite/wBcfKE8nPy
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July 14, 2025, 10:37:12 PM
Last edit: August 24, 2025, 01:57:38 AM by NitroPool
 #4

NitroPool Supports NITO!

NITO is live on NitroPool with full ASICBoost compatibility.  
🌐 https://nitropool.net

✅ PROP & SOLO mining modes  
✅ Optimized for Bitaxe, Nano, Nerd, Lucky, Antminer & more  
✅ Additional integrations coming soon!

🌍 Global Stratum Details:
Australia:
Code:
stratum+tcp://au.nitropool.net:3334
Europe:
Code:
stratum+tcp://eu.nitropool.net:3334
America:
Code:
stratum+tcp://us.nitropool.net:3334

🗨️ Join our community on Discord

Happy Mining 🚀
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July 19, 2025, 10:55:12 PM
 #5

🚀 NITO Whitepaper Released

We’re excited to share that the NITO whitepaper — created by the community, for the community — is now available!

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July 25, 2025, 11:48:55 AM
 #6

🚀 NITO Web Wallet Now Supports Bech32M (Taproot)

One of our talented community members, Biigbang0001, has added Bech32M / Taproot (BIP-350) support to the NITO Web Wallet!

🌐 Try it now → wallet-nito.nitopool.fr

✅ New Features: 
  • Modern address format support (Bech32M / Taproot)
  • HD wallet import (Mnemonic / xprv / WIF / Hex)
  • Encrypted on-chain messaging support
  • One-time public key publishing for secure messaging
  • Fully tested and synced with live NITO nodes
 

🔓 Open-source code: 
https://github.com/biigbang0001/wallet-nito

This is another great example of how NITO is entirely community-built and continues to grow thanks to contributors like @Biigbang0001.

Give it a try and let us know what you think! 
Together we’re modernizing the NITO ecosystem — one block at a time. 🧱

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July 28, 2025, 02:27:12 AM
 #7

📢 Whitepaper Update – Now Mobile-Friendly!

We’re excited to share that the NITO Whitepaper is now fully mobile-compatible,
making it easier than ever to read and share from your phone — whether you're on Android or iOS.

📄 View it here: 
https://nitonetwork.github.io/Nito-Whitepaper/

🙏 Big thanks to community member No-F8 for making the whitepaper more accessible to all users!

just one more example of how community contributions are helping push NITO forward 🚀
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August 05, 2025, 03:14:26 AM
 #8

⏳ One Month Until NITO's First Block Reward Halving! ⏳

The NITO network is approaching a major milestone — its first block halving, set to occur in just one month.

Quote
🔶 Current Block Reward: 512 NITO  
🔻 Post-Halving Reward: 256 NITO

Year 1 Total Distribution: 269,107,200 NITO  
💎 Year 2 Minting Cap: 134,553,600 NITO

This event marks a significant reduction in new supply — NITO will become twice as scarce per block, reinforcing the project’s deflationary design.

Whether you're mining, building, or just following the project, this halving is a defining point in the long-term economic model of the NITO network.

Stay tuned. Stay synced. Halving soon.
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August 24, 2025, 02:11:07 AM
 #9

🤝 Join the NITO Community 🤝

NITO is more than just a SHA-256 chain.
It’s a community-driven project with fair launch, transparent development, and a long-term vision.

🌐 Official Website:
nito.network

📢 Social Media
🐦 Twitter (Main): @Nito_Network
🐦 Twitter (Dev Updates): @nitoblockchain
💬 Telegram: Nito_Network
🌌 Bluesky (Org): nitoblockchain.org
🛠 Bluesky (Tools): nito.tools
🎮 Discord: Join the NITO Discord

✔ Stay updated with news & dev posts 
✔ Join discussions & share ideas
✔ Support the network with your skills

Together, we grow NITO stronger!
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