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blackdragoncoin

BDC

BlackDragonCoin

Algorithm:

What is BlackDragonCoin?

BlackDragonCoin is a lite version of Litecoin using scrypt-jane with adaptive N-factor as a proof-of-work algorithm.

Release date: May 5th, 2014

Specifications

  • Block Distribution: Proof of Work
  • Algorithm: Scrypt-Jane with Adaptive N-factor
  • Block time: 120 Seconds/2 minutes
  • Difficulty Retarget: own implementation of Dark Gravity Wave
  • Confirmations: 6 Confirmations per transaction, 1000 confirmations for mined blocks
  • Block rewards:
  • Block 1- 200:                            1      + 1d4
  • Block 200-50,000:                 100 + 1d20 (20 roll is critical hit: block reward doubles and miner gets another 100 bonus coins)
  • Block 50,000-100,000:        50   + 1d16 (+ 1/20 chance to get double rewards)
  • Block 100,000-150,000:      30   + 1d8  (+ 1/20 chance to get double rewards[/b])
  • Block 150,000-200,000:     20   + 1d6  (+ 1/20 chance to get double rewards)
  • Block 200,000+:                    10   + 1d4  (+ 1/20 chance to get double rewards)
  • RPC port: 24042
  • P2P port: 24142
  • Premine: 1.5 % of 1 year mining period for coin development and support
  • Approximate number of coins for the first year and for the next years of mining:
  • First year   ~ 14,571,761 bdc
  • next years   ~ 3,258,720 bdc a year
  • Approximately 720 blocks a day. (1440 mins a day, 7200 blocks = 10 days, 50k blocks (block halving interval) = ~70 days)
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