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UTC

Ultracoin

Algorithm:

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.

Release date: February 1st, 2014

Specifications

  • Scrypt-jane
  • Pow/Pos
  • 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
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