COIN SPECS |  | |
Consensus Algo | Proof of Work (PoW) | Proof of Stake (PoS 3.0) |
Hashing Algo | X11 | Quark |
Hardware Mineble | Yes | No* (but multipool supported) |
Block Time | 150 seconds | 60 seconds |
Premine | No Premine. But 2 million DASH was mined within first 36 hours of launch (aka Instamine) | 12 Billions COLX on genesis block [reserved for a full swap over from CV2] 40,000,000.00 colx setup of 4 initial masternode. Premine was burnt from coin supply at block 25000. |
Max Coin Supply | Approx 17.6 million after 100 years | No max. Increases by approx 792 Million (6.6%) in the first year. |
FEATURES | ||
Masternodes | ✓ Yes | ✓ Yes |
Instant Send | ✓ Yes | ✓ Yes (SwiftTx) |
Private Send | ✓ Yes (CoinJoin) | ✓ Yes (CoinJoin) |
Variable Masternode Reward | ✗ No | ✓ Yes (Seesaw-algorithm) |
Variable Mining/ Staking Reward | ✗ No | ✓ Yes (Seesaw-algorithm) |
IPv6 Support | ✗ No | ✓ Yes (both wallet & masternode) |
Decentralized Governance | ✓ Yes (masternode voting) | ✓ Yes (masternode voting will begin to commence on block > 388,000) |
Budget Funding | ✓ Yes 10% of block reward. | ✓ Yes 10% of block reward (budget funding will begin to commence on block > 388,000). |
In-wallet BIP38 Encryption | ✗ No | ✓ Yes (private key) |
Masternodes
The Backbone of COLX Technology. Masternodes present great opportunity of passive income as well as helping to stabilize the Network
Requirements
10,000,000 COLX per Masternode
(Multiple MNs requires a VPS)
Reward
1200 Coins per Block
for PoS/ Masternodes
Stake min age is 8 hours
Minting
Minted Confirmations: 90
Transactions Confirmations: 6
Block Time
60 seconds with re-targeting
after every block
