Bitesax Core integration/staging repository

Bitesax Core is a decentralized, peer-to-peer cryptocurrency with a primary focus on energy-efficiency and scalabilty. The Bitesax Network makes use of only Proof-of-Stake mining, in the form of masternodes and staking. This means that the Bitesax blockchain has a very low impact on the environment and ensures that scaling will be a smooth transition in future.

Furthermore, as result of offering multiple ways for users to mint new BTEX coins, the network is a lot less centralized than some Proof-of-Work coins that have their hashrates dominated by one or two mining pools.

Coin Specs

Block times: - 1 minute

Maximum supply: - 90,000,000 (90 million) BTEX

Consensus mechanism: - Proof-of-Stake (80% masternodes, 20% stakers)

Algorithm: - Quark-hash

Masternode collateral - 5,000 BTEX

Features: - SwiftTX, budget, treausury and masternode governance is enabled

RPC Port: - 9634

P2P Port: - 9633

Block reward breakdown

Premine : 6,000,000 BTEX

Block 1 - 500,000 - 75 BTEX

Block 500,001 - 1,000,000 - 35 BTEX

Block 1,000,001 - 2,000,000 - 17.5 BTEX

Block 2,000,001 + - 2 BTEX

                                           -- Development by CryptoKnight --