LUMBER is a next gen altcoin that leverages the newest innovations of "zero-knowledge" (zkSNARKs-Sapling) privacy and a hybrid Proof-of-Stake, CPU-friendly VerusHash Proof-of-Work algorithm.
LUMBER forms a essential part of the Lumberscout trading platform that will facilitate the crypto-conditioned global trade of forest products and commodities.
Unlike equihash that is monopolised by ASIC farms, verushash 1.0 was designed with a preference for smaller, individual miners to ensure a decentralized mining base.
To protect the PoS chain from bad actors and to give the trading platform a means of self-funding, the first 128 blocks were mined by the Lumberscout foundation. The decision to sell staked LUMBER will be decided within the context of Lumberscout's DAO governance model; weighing the factors of development need, network security and market conditions.
The public launch date for LUMBER is January 4th, 2019, one day after Bitcoin's birthday, in honor of Hal Finney. Please join the Lumberscout discord channel for further updates.
Total Supply: 21,000,000 LUMBER
Premine: 1,260,600 LUMBER
Consensus Mechanism: 80% PoS / 20%
Preferred Consensus Device: CPU / GPU
Mining Algorithm: VerusHash
Blocktime: 1 minute
Block Halving: 4 year interval
Current Block Reward: 4.7
Staking instructions:
Staking is automatically enabled in the Agama wallet, and will operate continuously in the background as long as Agama is running and you have spendable coins that have been held in your wallet for at least 100 blocks to mature a utxo to stake it.
Website:
https://Lumberscout.ioWhite Paper:
https://github.com/Lumberscout/Documents/blob/master/whitepaper.mdReddit:
https://www.reddit.com/r/LumberscoutTwitter:
https://twitter.com/LumberscoutComYouTube:
https://www.youtube.com/watch?v=tpZNQBl8fEwDiscord:
https://discord.gg/hyk3v4hLEGAL DISCLAIMER: The free software made available through these links is experimental software only and should be used at your own risk. We make no warranty or guarantee of fitness for any specific use, and at no point do the LUMBER developers or anyone affiliated with the LUMBER developers assume any responsibility for financial or other loss you may incur by using the free software described in this post. USE AT YOUR OWN RISK.
