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GRW

GrowthCoin

Algorithm:

What is GrowthCoin?

GrowthCoin (GRW) – a fork of Diamond, with several algorithms fixed and improved. It is decendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message).

Proof of stake coin is more resilient to 51% attack. Since 51% hashpower is not enough to execute a 51% attack. The attackers must also have at least 51% stake.

GrowthCoin provides monthly interest rate of 5.95%, for stakes that are held during that period of time. This equivalent to an annual interest of 100%. PoS blocks will be generated if the stake are held for more than 5 days. There is a hard limit of 2 billion coins.

 

Release date: August 27th, 2013

Specifications

  • Each normal block has 100 coins
  • 45 seconds block time
  • Difficulty retargets every block
  • Mining payout will be halved every 3 months (or every 172,800 blocks)
  • Expected total mined coins will be 37,368,000 coins
  • 3 confirmations for transaction
  • 50 confirmations for minted blocks
  • Support transaction messageHourly random bonus block of 500-1000 coins (that is, 1/80 chance to get a bonus block).
  • The default ports are 17177(Connect) and 17178(RPC).
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