WHAT IS AGEX http://imageshack.com/a/img923/7145/mtfyez.pngThis protocol is predicated on the work of Evan Duffield (dash), (itself relies on Bitcoin, the work of Satoshi Nakamoto), elaborate with democratically-decided blockchain clear social contribution dead while not a central authority, to support the socially accountable decentralization of currency. Budgets for social contribution, user/merchant adoption, and usage incentivization, budget combining activities, development, and selling ar enclosed similarly as a three-system network and improved mining problem adjustment for higher distribution and growth, governance enhancements to push hyperbolic decentralization and democratic freedom and varied quantifiability and dealings speed enhancements.
A sophisticated cryptocurrency design in order to support market penetration and mainstream acceptance, AgeX give the better way out to centrally organized contributions, that is to make you your own bank. Because of the profitable nature of running a master node, owners of such are equivocally profitable, and in order to avoid dumping factor by the network with unnecessary master nodes or encouraging reckless master node operators, one condition must be fulfilled in order to become a master node owner–proof of ownership of a certain number of coins.
AgeX must not be in the master node itself, that means the proprietor can promote them each time, proof of possession is executed through keeping the cash in a positive way that makes them obvious to the entire network. And so, the variety of cash wished for a master node must be selected cautiously considering the fact that cash locked in master nodes approach they are now not available to end-users
AgeX is a digital asset system, killer of centralization with a strategic focus on worldwide growth and total acceptance by the people. To achieve this AgeX has chosen a high total coin supply of approx. Three hundred and fifty million AgeX, as well as a highly available coin supply of approximately hundred million AgeX currently in circulation, with around another two hundred and fifty million yet to be mined. As the price per coin increases over time, in order to remain accessible, attractive and useful in emerging markets and be successfully adopted there, AgeX must sustain a high number of coins in circulation. In order to avoid unnecessary master nodes by locking up the coin supply, AgeX achieves this by setting proof of ownership for a master node at 100 thousand AgeX.
Why Premined AgeX?An ageX master node needs a hundred thousand AgeX. AgeX contains a total coin supply of approximately 350 million and 100 million is ready to be deployed on the master node. whereas unlikely, if we have a tendency to assume a case wherever constant magnitude relation of master nodes happens, then around 80 million AgeX would be bolted up in 1088 master nodes. This leaves twenty million AgeX to travel around the world – a major and engaging distinction, particularly for rising market adoption.
PRICE STABILISING EFFECT
Another major benefit of 100 thousand coins per master node size is the stabilizing effect it has on the coin price. AgeX’s highly attractive master node rewards structure makes buying the high number of coins needed attractive and worthwhile. Many master nodes will be formed by quick investors and enthusiastic supporters, each time removing 100k coins from the market while increasing the value of the remaining coins. The high number of coins per master node implies a higher commitment level and with each master node being valued more, the turnover of master node ownerships remains relatively low as owners tend to stay invested over the longer term. The combined effect is the circulating coin supply, it’s growth rate and the value of each coin is to a certain degree stabilized, helping to create the price stability conditions needed for mass market adoption.
FAIR MINING FOR MINERS
Fair mining occurs with AgeX which gives individual miners to receive a reasonable share of rewards for better competitions with large mining pools without needing to invest large sums of money in specialized mining equipment. By making the AgeX network more attractive to higher volumes of individual miners AgeX seeks to ensure greater democratic freedom through more evenly distributed and therefore decentralized mining power, and enhance network performance through a more consistent and therefore stable level of network hash power.
PROBLEMSMining of blockchain is carried out by dedicated miners who perform complex mathematical computations called “hashes”. Miners are rewarded for their work with a number of coins (depends on the coin emission factors). Hashes usually require a lot of time, energy(power) and resources to perform, and each hash has a similar chance as any other hash to find the block and win the blocks reward; A lot of hash power equals more chances to find blocks and their rewards. With the profitability of mining, a lot of people creates powerful computers and devices running specialized software to have a greater chance to win the block reward, in doing so earn more than the average miner. This problem has led to the what has become an arms race (take the case of Bitcoin mining). In bitcoin mining, big players who can afford to purchase millions of dollars worth of mining equipment, are really at an advantage compared to those that cannot purchase such. They easily find the block more and more, and as such the difficulty keep on going higher. This we make the smaller miners lose out of the game. Centralization comes into play and the unfair concentration of mining and it’s related rewards into the hands of the few. Powerful pools with higher power create problems and make centralization thereby remove decentralization from the people who cannot afford such hard end hardware. Dumping network is also created or happen in such instances because of the difficulty of getting rewards. As miners come in or out of a network, the total hash rate of that network varies. and when a network looks back over the last blocks to see how close to the ideal block time blocks were found, it adjusts a “difficulty” function up or down depending on whether blocks were found early (easily) or later than the intended block time. even when the mining pools have left the network, mining difficulty stays high and lowers with a certain (distorted) delay only when the network readjusts to the new much lower hash power remaining in the network. Drops in hash power can then leave the network unstable, impact transactions and even leave them hanging in the system. Advanced features like PrivatePay and InstaPay may also be affected. Mining pools dump sell their coins there may be an undesired effect on coin price stability, a key factor in the mass-adoption of a cryptocurrency.
SOLUTIONAgeX moves to remove jump and dump mining from its network and better cope with hash power fluctuations. DeltaDiff is used herein AGEX, which ensure a smoother and fairer adjustment in mining difficulty. Smoothing is achieved by adjusting mining difficulty based on a moving average of time taken to find blocks over the last 24 hours, eliminating much of the effect caused by miners hopping onto and off of the network-based solely on when a coin is easiest to mine. In this way individual miners have a fairer share in the mining and related rewards, transactions are confirmed smoothly and transaction features like PrivatePay and InstaPay are highly performant. Fair mining code not only immediately benefits individual miners and the AgeX network but forms part of a greater strategic and technical enabling of upcoming features yet to be announced related to empowering “the average Joe”; a powerful component of our mass-adoption strategy
DEMOCRATICALLY CONTROLLED
AgeX is improved and enhanced through a decentralized system as well as the Global Democratic Governance process “DAO”. Controlled by no one central authority, master node owners and users themselves make the decisions on how it evolves
SPECIFICATIONWith agex, master node are rewarded generously, with each node's network having the same entire blockchain. The performance of PrivatePay and InstaPay are thereby enhanced since Agex is not a single layer core. It can scale efficiently and deploy better services quickly than the most network.
You must provide a Proof of ownership of a certain number of coins before you can become a Master node Owner. Proof of ownership is achieved by keeping the AgeX in a certain way transparent to the entire Agex core network. For any block gotten from AgeX 40% of such block goes to master node owner
Ticker: AGEX
Coin supply: 350 million Agex
Premined: 100.8M Agex
Reward: 25.16
RPC Port: 19948
P2P Port: 29948
Masternode Port: 29948
Masternode Reward: 60%
You need 100,000 AGEX (100k AGEX), a vps-server (Ubuntu 16) and an ageX wallets to setup a masternode. My preferred VPS is
VULTRWebsite: AGEXSource Code: AGEX SOURCE CODEAGEX WALLET: AGEX UBUNTU WALLETAGEX WALLET: WINDOW WALLETEXPLORER: AGEX EXPLORERPool: AGEX PoolMaster Node Installation Guide MASTER NODEAgeX pre-sale is now live . The pre-sales money by investors will be used to fund the ageX project. Note: 1.0 ageX= 0.00000100 BTC.. For those who want to invest in Masternode for every block its 60% reward base. Make money why you sleep BTC: 34bYrrcPtWNeTaWcFiniqbJwddgS236N7h
ETH:0xeA30802EB3bbC0bF322118ddd69CA13353dDDEd5
PURCHASE AGEX At a reduce price 0.0000010 BTC from developer at discord (ageXcore) to set up your master node. Money gotten from investors will be chanelled to more and better exchanges. Disscord channel is DISCORD CHANNEL
Bounty Channel: Get free ageX for participating in bounty, once you are through ageX team will check to see if you pass it and then credit you your reward DISCORD BOUNTY CHANNEL
