[ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency

[Akuyacoin]

AKUYA REBORN

NEW GENERATION DECENTRALIZED CRYPTOCURRENCY

WHAT
AKUYA is a truly decentralized, 8 millions premined, mine-able, proof-of-work and proof-of-stake global public currency. The unit of exchange is AKUYA, and began in December 2017.

WHY
AKUYA was created to solve a problem which exists with the supply economics of many public coins. The reward schedule either drops too quickly (like Bitcoin and Litecoin) or too slowly (like Dogecoin and Ethereum).

AKUYA's reward decrease is a harmonic series, which more closely models renewable resources rather than non-renewable. This means that while it is always better to chop AKUYA today than tomorrow, there will still always be an incentive to secure the network tomorrow.

The logarithmic money supply curve is designed for stability and longevity, with the longest reward schedule of any other cryptocurrency. Half the AKUYA will be released in the first 200 years, instead of the first 4 years (Bitcoin). However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

TECHNICAL DETAILS
AKUYA is a public cryptocurrency like Bitcoin. There are three major changes, with design considerations listed here:

• Proof of Work algorithm: Double Skein
  This is the first consensus network built solely with the skein hash function. Read more about Skein here We hope to encourage further use and testing of the Skein family with this coin.
• Elliptic Curve for Digital Signatures: X9_62_prime256v1.
  To sign transactions and create public and private addresses we use the elliptic curve digital signature algorithm ECDSA just like Bitcoin. However we use a different curve as a basis to do so. This curve is perhaps the most used in the financial industry. Some people think it is better. We like to encourage cryptographic diversity.
• Logarithmic Coin Release
  Akuyacoin is the first coin to use a logarithmic coin release. The akuyacutting reward is continually adjusted according to the harmonic series. From /src/main.cpp:
  
  int64 static GetBlockValue(int nHeight, int64 nFees) {
     int64 nSubsidy = 3000000 * COIN;
     if (nHeight<100) return 1*COIN;
     else return nSubsidy/nHeight + nFees;
  }
  
  
• This leads to a total money supply S which increases logarithmically in block height n:

        log = natural logarithm
        gamma = euler-mascheroni constant
        forest = 5187377.51763962
        S = 3000000* ( log n + gamma ) ? forest[/li][/list]

AKUYA SPECIFICATIONS

• Coin Algorithm : X13
  
• POW/POS : Hybrid
• Max Coin Supply : 38 Million
• Premined : 8 Million
  
• Block Space : 2 Minutes
• Block Reward : 1 AKUYA
  

AKUYA WEB WALLET
WEBSITE

AKUYA WIN WALLET
DOWNLOAD

SOCIAL MEDIA
FACEBOOK
TWITTER
INSTAGRAM

SUPPORT
support@akuyacoin.com

[1715437179]

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[1715437179]

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[1715437179]

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[notsofast]

The issuance is confusing, but I'm pretty sure your premine is way too high to make it worthwhile for miners.

Especially if you stake it and have PoS blocks replacing more valuable PoW blocks.

This is almost certainly a terrible deal for miners.

[Wmj0FSsK9ofql0ZFm]

Smells like the same scammy dev of Atrox, which released just 2 hours ago. And I bet you all my bitcoins that my post will get deleted.

Post got deleted - someone owes me bitcoins

P.S. block reward is a mere 0.001 AKUYA, which is strange when they say:

However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

Later blocks will have less than 0.001 AKUYA? lmao

[xibeijan]

Oh?

AKUYA MA TATA

[mbs32]

AKUYA REBORN

NEW GENERATION DECENTRALIZED CRYPTOCURRENCY

WHAT
AKUYA is a truly decentralized, 8 millions premined, mine-able, proof-of-work and proof-of-stake global public currency. The unit of exchange is AKUYA, and began in December 2017.

WHY
AKUYA was created to solve a problem which exists with the supply economics of many public coins. The reward schedule either drops too quickly (like Bitcoin and Litecoin) or too slowly (like Dogecoin and Ethereum).

AKUYA's reward decrease is a harmonic series, which more closely models renewable resources rather than non-renewable. This means that while it is always better to chop AKUYA today than tomorrow, there will still always be an incentive to secure the network tomorrow.

The logarithmic money supply curve is designed for stability and longevity, with the longest reward schedule of any other cryptocurrency. Half the AKUYA will be released in the first 200 years, instead of the first 4 years (Bitcoin). However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

TECHNICAL DETAILS
AKUYA is a public cryptocurrency like Bitcoin. There are three major changes, with design considerations listed here:

• Proof of Work algorithm: Double Skein
  This is the first consensus network built solely with the skein hash function. Read more about Skein here We hope to encourage further use and testing of the Skein family with this coin.
• Elliptic Curve for Digital Signatures: X9_62_prime256v1.
  To sign transactions and create public and private addresses we use the elliptic curve digital signature algorithm ECDSA just like Bitcoin. However we use a different curve as a basis to do so. This curve is perhaps the most used in the financial industry. Some people think it is better. We like to encourage cryptographic diversity.
• Logarithmic Coin Release
  Akuyacoin is the first coin to use a logarithmic coin release. The akuyacutting reward is continually adjusted according to the harmonic series. From /src/main.cpp:
  
  int64 static GetBlockValue(int nHeight, int64 nFees) {
     int64 nSubsidy = 3000000 * COIN;
     if (nHeight<100) return 1*COIN;
     else return nSubsidy/nHeight + nFees;
  }
  
  
• This leads to a total money supply S which increases logarithmically in block height n:

        log = natural logarithm
        gamma = euler-mascheroni constant
        forest = 5187377.51763962
        S = 3000000* ( log n + gamma ) ? forest[/li][/list]

AKUYA SPECIFICATIONS

• Coin Algorithm : X13
  
• POW/POS : Hybrid
• Max Coin Supply : 38 Million
• Premined : 8 Million
  
• Block Space : 2 Minutes
• Block Reward : 1 AKUYA
  

AKUYA WEB WALLET
WEBSITE

AKUYA WIN WALLET
DOWNLOAD

SOCIAL MEDIA
FACEBOOK
TWITTER
INSTAGRAM

SUPPORT
support@akuyacoin.com

Hello!

Have Airdrop? Bountie?

[nosekefik]

Source code for linux?

[taufik123]

whether for bounty yet? how to participate in this project?

[bad name]

what this, block reward 0.001
are u kidding
 

[Zembon]

Mining does not seem to work now 

[TR750]

dat psychedelic logo at the website loading...

[mrmetech]

Nice post.

[mrmetech]

NEW POOL LOWEST FEES

Website : http://mrmetech.me/

Fees 0.5%

payout every 30 minutes

USER :No account is needed you just need to put your address

PASSWORD : No Password is needed but you must put something there for example a x

stratum : mrmetech.me:3567

Example of ccminer

Code:

Will be added soon.

Please add to the pool section.
They dont have a github so i can do it.

[cryptoRX]

8 million premine
POW Block Reward on Web = 0.001 Akuya On Thread = 1 Akuya
Website Algo = Scrypt; Thread = X13

Talk about confusing. Whichever it is, it would take forever to match the premine.

[Dastashka]

Ah WHy Asic((((

[aiderwar]

on your website the Coin Specification: Algorithm Scrypt (PoW/PoS), PoW block reward : 0.001 AKUYA, but in this thread the coin Algorithm is X13, Which one is right?

[botana]

Ah WHy Asic((((

https://bitcointalk.org/index.php?topic=2190351.140

[Zulfi Heriansyah]

no repository for source code on github?

[botana]

no repository for source code on github?

This is scam coin!!!

[kaptkrunch]

Wait a sec, let me see if i understand this. 8 million pre-mine with block rewards of .001, might as well be a 100% premine. FFS