What is Ultracoin?
Ultracoin is a hybrid proof-of-work/proof-of-stake coin, whereby active nodes are involved in the mining of blocks if they hold utc.
this will give a strong incentive to a. hold coins and b. be an active node (e.g. have wallet open/running) on the network. This means that, under certain circumstances, you may accrue 20% proof-of-stake interest per year on the coins you own.
- Total coins: 100,000,000
- Premine: 2% (2 million UTC, please view public premine distribution ledger below.)
- Block time target: 30 seconds
- Block reward: 50, halving every 990,000 blocks
- Difficulty retarget:max 200% per 30mins
- Mined block confirmation: 50
- Transaction confirmation: 5
- Port: 44100
- Rpc port: 44101