What is Qubit?
Qubitcoin was started on Jan 12 2014 as an CPU based Crypto Currency under the symbol Q2C Trading Symbol (Qbit on Poloniex). What makes Qubit unique is it was not pre-mined, build on new algorithms, with first 1000 blocks rewarding on 1 Q2C / Qbit, CPU based mining with a total of 248 million Q2C / Qbit limit. Blocks are rewarded at 2048 Q2C / Qbit Per Block with Halving every 60480 Blocks, Qubit Blocks are generated every 30 seconds.Release date: January 12th, 2014
- Super secure hashing: 5 rounds of hashing functions (luffa, cubehash, shavite, simd, echo).
- CPU mining
- Qubit block generation: 30 seconds
- Firsts 1000 blocks - block reward will be 1 Q2C
- 2048 Q2C per block (halving every 60480 blocks)
- Total of 248 million Q2C.
- Difficulty retargets every 20 blocks.