Hashing algorithm Silkcoin

Silkcoin information

Silkcoin is pure Proof of Stake coin, except in the 2 stages of initial distribution where POS and POW are mixed. First stage lasted 5 days, we're now in the second POS phase, and next phase will be the last POW phase.
There will be 3 phases of distribution, a week (10 000 blocks) of POW/POS followed by a full month of pure POS; Then when Silkcoin gained some popularity a last phase of POW/POS similar to the first one will happen, helping distributing Silkcoins to the maximum number of people before full POS stage. The fixed interest rate is 2% and coin start earning coin-age after 12 hours.

Specifications

Algorithm: scrypt
Block Reward: 5000 SC, no halving
Block Time: 1 minute
Maximum POW supply: 100 million
Difficulty Retarget: every block
Stake Interest: 2% annually
Min Transaction Fee: 0.0001 SC
Fees are paid to miners
Confirmations: 10, maturity: 350
Minimum Stake Age: 12 hours - No max age

POW / POS

First Stage POS-POW: block 1 to 10 000 (~7 days & ~50 million coins)
Second Stage Full POS: block 10 000 to 50 000 (~30 days)
Third Stage POS-POW: block 50 000 to 60 000 (~7 days & ~50 million coins)
Last Stage - Full POS at 2% per year and 12 hours maturity

Social

Facebook

Twitter

IRC

Block Explorer

Silkcoin Explorer

Ports

RPC Port: 16667
P2P Port: 16666

Pools

Hash Cows

Downloads

Desktop Wallets
Silkcoin

Source Code

GitHub/Silkcoin

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CryptoCoinsRevolution.com: Hashing algorithm Silkcoin