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fairquark

FRQ

FairQuark

Algorithm:

What is FairQuark?

After seeing Quark’s superior potential ruined with 98+% premine,
We decided to make a better, more fair alternative!

Main Specs

Planned for more long term than original Quark
No special hardware needed, start mining with your CPU now!
Highly skilled & motivated Finnish development team
Fast & secure transactions, suitable for micropayments also!
4% fair pre-mine, explained on this topic

4% Fair Pre-Mine – funds are given as bounties and giveaways to help FairQuark community

Quote
We know nobody likes pre-mined coins. Why do we still have a pre-mine of 4%?

We know that by pre-mining FairQuark it’s easier for us to promote it and therefore push the adoption of FRQ and help the community.

Release date: February 5th, 2014

Specifications

  • Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random hashing function.
  • 247 million FairQuarks will be mined in ~ 12 months, after that ~ 1 million FRQ annually
  • Block average time: 60 seconds
  • Difficulty retarget time: 1 hour (max. 10% up or 50% down)
  • Block reward: 2048 at first, halving every 42 days approx
  • Network port: 8008
  • RPC port: 9008
ExchangePrice
AllCrypt no API
Europex no API

Pools

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