Dear community,
As you may already know, during the past few weeks we have worked hard to improve our network and we managed to come up with an even better result that we've expected.After the swap that took place in early October we have experienced some unplanned issues on our network which led to a fork of the chain. This experience was not what we expected but we were happy that it happened in the inception of our network and we decided to reconsider the whole structure of our network. This being said, we've decided to start with a whole new blockchain network, including a new algorithm and totally different coin specifications which will help to prevent a hyper-inflationary system in the future. All the miners that helped the network prior to this event will receive all their coins, regardless the changes that took place in our last update. The new network has started from block 0 with a total of coins mined equally to those that were present prior to the swap (see details below)Here are the details of our new network and the coin specifications:
Network:
Algorithm: X16RV2 with a few improvements from our core development team
New and improved difficulty retargeting system
Coin specs:
Total Blocks: 10,000,000 (around 13,477,606 NTU)
Swapping Number: 4,325,000 NTU
Block Size: 4MB (Max)
Block Time: 150s
Reward: 6 NTU per block, the block reward will be cut with 10% each year, with a 10% Dev fee per block after the first year. There will be no reward cut when the network reaches 0.4 NTU per block.
Example:
Year 1: 6 NTU per block from which 0.000 NTU will serve as Dev fee,
Year 2: 5.4 NTU per block from which 0.540 NTU will serve as Dev fee,
Year 3: 4.86 NTU per block from which 0.486 NTU will serve as Dev fee,
etc...
Port: 49638
RPC Port: 49639
You will need to download the new wallet, which is available on our official Github!
https://github.com/nutucoin/NutucoinV2/releases/tag/v1.1.0also our official pool:
http://nutucoin.clubDiscord channel:
https://discord.gg/tQTDGq6Thank you, NTU Team.
