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CCX

CornerstoneCoin

Algorithm:

What is CornerstoneCoin?

CornerstoneCoin, as the name implies, is designed to be a long term, stable currency.  CCX is fast enough for daily transactions (45 secs) and begins to generate interest (20% per year in year 1) after only 5 days of holding!  Initial distribution will last only 18 days through traditional Scrypt POW mining.  After 18 days CornerstoneCoin basically becomes pure POS as the POW reward drops to 15 CCX per block. Wallet archive password is CCX_3823

Release date: April 27th, 2014

Specifications

  • POS Interest Year 1: 20%, Year 2: 10%, Year 3 and on: 2%
  • Variable interest
  • POS Starts after 5 days of minimum holding
  • POS maximum holding time is 25 days (open wallet at least every 25d to mint)
  • Scrypt PoW/PoS
  • 4 transaction confirmations
  • 50 minted block confirmations
  • 45 sec block target
  • Random 100000 - 200000 coins per block for the first 18 days (34560 blocks)
  • After 18 days, the PoW block drops to 15 coins / block
  • diff retarget each block
  • Approximately 1.5% of first 10 year's total
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