- Scrypt-Jane coin
- No ASIC miners
- Proof-of-Work (CachePOW) and Proof-of-Stake Mining
- Block Reward: Inversely proportional to the difficulty
- Difficulty adjustment every block
- Difficulty Adjustment algorithm: Logarithmic
- Target of 15 minute block generation
- Maximum of ~10 Million coins supply (modified in May 2017)
- Block Maturity: 520 Confirms
- Transaction Maturity: 6 Confirmations
- Coin age to Stake: 7 Days
- RPCPort: 2224
- Network Port: 2225
1. Modification of POW algorithm which makes the mining process more dynamic – Nfactor will be changing according to the hash power of the network ( finalizing, testing and publishing)
Time frame: during June 2017
2. 100 % rewriting of old wallet to the new one’s (full pure Java wallet) with such features as
( during rewritting of old wallet the clean code will be utilized):
2.1. new POS feature
2.2. ANON features
– ANON payments
– ANON Messenger
2.3. Support for all PC and mobile platforms
Time farme for Alpha version: Q4 2017
2.4. Other features will be announced a bit later
Proof Of Stake Info
CACHeCoin utilizes Proof-of-Stake (POS) mining that generates more CACHeCoins when you retain your coins for 7 days. When the coins from a
particular transaction become 7 days old, they will be used by your wallet to perform Proof-of-Stake mining that will generate new coins if you solve
the block. Just like a normal Proof-of-Work block, these POS blocks require 520 confirmations. Once the POS block has reached 520 confirmations, your staked coins and the reward will be made available again in your wallet. These coins will then be required to age another 7 days before they can be used in POS mining. The PoS is not very CPU intense and there’s no need to set anything in order to mine PoS. It’s done automatically.
It is important to note that when your coins are staked (reach 7 days of age and are used for a POS block), these coins will be owned by you but
unavailable to transfer until they are fully confirmed.
For those who want to exclude a certain amount of coins from Proof-of-Stake mining, you can run the client with the -reservebalance
argument. This argument allows you to specify a certain amount of coins to withhold from using as a stake.
CACHe PROOF-OF-STAKE GETTING STARTED
By default, out-of-the-box, the wallet will submit coins for staking (refer to above for how this works). If you opt to encrypt your wallet (this is strongly advised) then staking will stop – as encrypting the wallet means no coins can be sent without entering a passphrase. If you opt not to encrypt your wallet (do so at your own risk) then staking will work fine, out of the box, with no extra configuration needed. There however is the ability in the CACHe wallet to “unlock” the wallet – keeping it encrypted and allowing coins to be staked.
“Unlocking” the wallet allows coins to be sent and received for the purpose of staking. Unlocking the wallet is not the same as decrypting the wallet – as the wallet passphrase must still be entered to send coins to another wallet (as per normal if you encrypt any cryptocoin wallet). Unlocking the wallet allows coins to stake whilst keeping your coins safe.