I did search the OP but didn't find the premine percentage. Thank you for your reply.
Like i said before it's in
bottom last FAQ. But i think you are right we have too long thread i'll see what can i do to make it less confusion later.
Is it possible to decrypt the eccoin wallet? Is now says Minting is suspended due.....
Next version we can add an unlock button, like MINT, will make life easier.
- Is ECC equipped with Kimoto Gravity Well / KGW?
No, KGW is not needed because the difficulty retargets with every block.
- If the coin shuts off after 9 years, will the transaction fee then be reduced to 0? How does the PoS confirms transactions?
The pos blocks will still be generating after 9 years, except that the rate is a low 1%. The pos blocks will confirm all the transactions and keep the network going. The tx fee will stay the same. tx fee will not be lost.
- How many coins will be?
After 10 years 50 billions in total.
- What is your main differences from others like MINT?
The idea here our PoW period lasts more and does not halves during this first 42 days and so better distributions possible for miners. We have very few crypto to be mined when compared to PoS rewards. So miners is here highly rewarded. We will use social marketing much better (effective & intense) than any others. We have not started yet 100k planned outside marketing efforts.(following week starting) We use external several other marketing companies for these efforts.
- What is PoS?
Proof of Stake. Your cryptos produce interest in wallet as long as you keep them. So you don't have to mine and so nature protected.
http://en.wikipedia.org/wiki/Proof-of-stake- When will PoW halve?
The PoW will not halve, it will stay the same for 45 days then drop to 1 coin/block. So fair distribution will be more possible. Not only early birds.
- Do i need to keep my wallet on for PoS?
No
- What is the premine amount?
It's 0.99% to support bounties, giveaways, merchants, exchanges, dev team. Transparency excel file (who get what list) in progress.
