mige
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- 17.09.2005
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XMG - Coin of The Magi
[YOUTUBE]W71FVD6YWM8[/YOUTUBE]
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XMG - Coin of The Magi
Proof of Wok
Hash: M7M - only minable via CPU
M7M manipulates certain mathematical functions to frustrate GPU mining;
Block time: 3 minutes;
Difficulty dependent block rewards;
1st phase PoW: primary mining with maximum 500 XMG/block;
2nd phase PoW: maximum 10 XMG/block, 7% annual reduction.
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Proof of Stake-II
Introduce a new staking mechanism: PoS-II, designed resistant to "rich-getting-richer";
Minimum stake coin age : 2 hours;
Dynamic coin age: maximum 30 days, subject to change;
Dynamic annual interest: depends on network weight, maximum 5%;
Block time: 1.5 minutes;
Block hash: SHA256
Maturity: 100
PoS-II initiated after two weeks of PoW
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