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NET

NetCoin

Algorithm:

What is NetCoin?

NetCoin (NET) is a fork of Litecoin that combines the random superblocks.

Netcoin is the coin for spending on the internet…

Like Litecoin it uses scrypt as a proof of work scheme.

Release date: September 5th, 2013

Specifications

  • 60 seconds block time
  • Difficulty retargets every 60 blocks
  • Total coins will be 320,636,160
  • 6 confirmations for transaction
  • 50 confirmations for minted blocks
  • 1024 coins per block, and a random super block each hour that has 8X the normal payout (8096 coins)
  • The payout will be halved each 3 months (129,600 blocks)
  • The default ports: Connection 11310, and RPC 11311
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