[ANN] fairbyte | X13 algo | PoW/PoS | 2 PoW stages

FairByte (symbol FBT) is a X13 PoW/PoS experimental coin.

http://www.fairbyte.ninja/img/fairbyte_coin_logo.png

Coin released on: Fri Jul 18 2014 12:00::00 AM (GMT +03:00) Helsinki

Thu Sep 25 2014: Please update your wallet to version 1.3
Included in this update:
Second PoW phase update: starting reward 200 FBT and halving at 40 days blocks time.
Added checkpoints;
some other minor fixes.

Web Site: http://fairbyte.ninja
Twitter:https://twitter.com/fairbyte

Localized versions of this post:
Chinese: https://bitcointalk.org/index.php?topic=698207
French: https://bitcointalk.org/index.php?topic=698696
Italian: https://bitcointalk.org/index.php?topic=698935
Russian: https://bitcointalk.org/index.php?topic=699125
Spanish: https://bitcointalk.org/index.php?topic=700941

And here we go on the first exchange:

http://www.fairbyte.ninja/img/ac-400x150.png

Downloads
Current version: 1.3.1.1
(previous versions: 1.2.1.1, 1.1.1.1, 1.0.1.1)

Source:
fairbyte @ BitBucket
fairbyte @ GitHub

Mac OSX: https://bitbucket.org/fairbyte/fairbyte/downloads/fairbyte-QT-1.3.dmg

Win32: https://bitbucket.org/fairbyte/fairbyte/downloads/fairbyte-win32-qt-1.3.7z

Ubuntu Trusty 14.04: ppa:devel-w/fairbyte
To add our repository to your system:

Code:

sudo apt-add-repository ppa:devel-w/fairbyte
sudo apt-get update
sudo apt-get install fairbyte-qt fairbyted

Initial settings and nodes for fairbyte.conf

Code:

rpcuser=rpcuser
rpcpassword=rpcpassword
server=1
daemon=1
listen=1
testnet=0
addnode=107.170.80.146
addnode=188.226.179.119
addnode=178.62.57.109

Specifications:

Algorithm: X13
No IPO
Premine: 600K (only developers)
PoW / PoS
6 transaction confirmations
130 minted block confirmations
Total coins: about 135 million.

PoW details:

120 sec PoW block time
Diff retarget each block for PoW
True randomness, no cheat from big hashpower such as multipools
- Superblocks:
- Every hour there will be a block with 2X normal payment (initial 400 coins)
- Every 7 hours there will be a block with 5X normal payment (initial 1000 coins)
- Every 3 days there will be a block with 100X normal payment (initial 20000 coins)
- Every 30 days there will be a block with 1000X normal payment (initial 200000 coins)
Two POW phases in order to ensure a fair distribution
- PoW Stage 1
- Block payout halved every 10 days
- Initial payout: 200 coins per block
- this stage is over
- PoW Stage 2
- Block payout halved every 40 days
- Initial payout: 200 coins per block
- Phase valid between blocks 150k and 450k
- Aprox. date of start: October 6th 2014

PoS details:

60 sec PoS block time
diff retarget each block for PoS
minimum hold for PoS: 48 hours
maximum hold for PoS (over which coin-day no longer accumulated): 120 days
Variable PoS payout:
- 1st year: 50%
- 2nd year: 25%
- 3rd year: 13%
- 4th year: 7%
- 5th year: 4%
- and subsequent years: 2%

Ports:

connection: 22741
RPC: 22740

Block explorer
http://explorer.fairbyte.ninja

Pools
http://fairbyte.cryptoday.info

Exchanges
http://www.fairbyte.ninja/img/ac-200x75.png
On voting list at AskCoins.net
On voting list at Coins-E.com
On voting list at C-Cex.com
On voting list at Cryptoine.com
On voting list at Hitbtc.com
On voting list at SwissCex.com
On voting list at Crypto-Trade.com
On voting list at UseCryptos.com

Market Capitalization
Cryptonator - Exchange rate FairByte (FBT) / Bitcoin (BTC)
Crypto Prices

Other
We have created a gateway for exchanging NFD / FBT.
Asset name: NFDFBT
Asset id: 14961561317849223821
Issuer: NFD-23FD-PJ3N-PC7L-9JW8K
Description:
One NFDFBT represent one FBT. In order to withdraw FBT you need to transfer your shares of NFDFBT to NFD-23FD-PJ3N-PC7L-9JW8K with attached FBT address in comment field.
To add asset use the asset id only (14961561317849223821). In order to process withdrawals transaction needs 130 confirmations.

Rewards
~~zxm7001 - 5000 coins - chinese translation~~ - claimed
~~Anon39 - 5000 coins - italian translation~~ - claimed
~~Oldriga - 5000 coins - russian translation~~ - claimed
~~zarton - 5000 coins - spanish translation~~ - claimed
~~didux - 5000 coins - french translation~~ - claimed