Scash (SCS) Release v1.2.4
Scash is a peer-to-peer Proof of Stake Velocity digital currency with an initial Proof of Work mining distribution period lasting up to 476,918 coins mined. After the initial mining distribution period is over, the network will transition into an energy efficient Proof of Stake Velocity algorithm which will reward balance holders on the network a 8% staking annual interest.
Specifications:
Total coins: 476,918 SCS (PoW) + annual 8% PoS intereset
Algorithm: x13 + mSHA3
PoW block reward: 2 SCS -> 0.5 SCS
PoS annual rate: 8%
PoS minimum stake coin maturity: 4 hours
PoS maximum stake reserve time: 1 hour
PoW Block time: 60 to 90 seconds
PoS blocks target rate: 66%
Mixed PoW/PoS block time: 20 to 30 seconds
Block size: up to 2Mb
Required TX confirmations: 3 to 7 depending on TX amount
Mined blocks confirmations: 60
Default P2P connection port: 35334
Default RPC port: 35333
Default JDS port: 5082