advanced hybrid proof-of-work (PoW) and proof-of-stake (PoS)
3.77 million coins to be produced
block hashing is BLAKE2s
PoW hashing is NeoScrypt
PoS hashing is SHA-256d
1 minute combined block target (3 minutes for PoW, 1.5 minutes for PoS)
retargets every block using Orbitcoin Super Shield (OSS)
time warp and instamining protection
advanced checkpointing against 51% attacks
transaction messaging supported
the 1st implementation of 0% PoS
PoW and PoS blocks carry the same fixed reward of 1 ORB
6 confirmations for regular transactions
200 confirmations for minted coins
very low transaction fees (most transactions are free)
no destruction of transaction fees (all collected by a block finder)
the default P2P port is 15298, RPC port is 15299
I2P/Tor ready
update 11.12.2014https://cryptocointalk.com/topic/929-orbitcoin-orb-information/page-46My intention is to reduce the min. age for staking from 5 days to 1 day. Right now, it's a bit more profitable to keep 20 ORB inputs for staking rather than larger ones by following the automatic split/combine process.
Let's suppose an input produces a stake when it reaches 200 coin days. If there are two inputs 20 ORB each, they spend 5 days at zero weight and 10 more days to reach 200 coin days each (20 per day). So, they stake about every 15 days and make 8 ORB in 60 days. If there is one input of 40 ORB, it also spends 5 days at zero weight and 5 more days to reach 200 coin days (40 per day). It stakes about every 10 days and makes 6 ORB in 60 days. That's a large 25% difference.
If the min. age is 1 day, a 20 ORB input stakes every 11 days and a 40 ORB one in 6 days. Two inputs of 20 ORB each make 12 ORB in 66 days and one input of 40 ORB makes 11 ORB also in 66 days. That's an acceptable 8% difference.
If you keep the staking process automatic with a suggested 20 ORB combining threshold and 40 ORB splitting threashold, an average input amount up for staking is 30 ORB. To follow the examples above, it stakes in 7.7 days with a 5% difference which is rather negligible.
it's simple if you hold your ORB and GREEN ENERGY for the World with POS Mining