Mergecoin Technical众合币英文版.pdf

刀歌整理 优质项目 币圈交流 微信www7-7www Mergecoin Technical Whitepaper P2P cryto-currency with dash and blackcoin Hybird feature 刀歌整理 优质项目 币圈交流 微信www7-7www Abstract 2 Table of contents 3 What is Mergecoin 3 Specifications 3 Masternodes 3 Proof of work vs Static proof of stake 5 Block reward schedule 7 Distribution of coin7 Staking wallets7 Blockexplorer8 Conclusions 8 References8 1 刀歌整理 优质项目 币圈交流 微信www7-7www Abstract Mergecoin is a blockchain based decentralized cryptocurrency that rewards network participation via static proof of stake. Mergecoin rewards connectivity age instead of “coin age,” thus eliminating abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work every active node contributes. This discourages centralization and promotes network health. In addition to static rewards, Mergecoin implements a masternode network to incentivize large holders, and perform advanced functions such as near instant and private transactions. This paper describes the basic coin specifications, features, and capabilities of the coin. The paper also describes coin distribution, funding purposes, future growth efforts. 2 刀歌整理 优质项目 币圈交流 微信www7-7www Table of contents What is Mergecoin Mergecoin is a digital currency that enables instant payments to anyone, anywhere in the world. Mergecoin uses peer-to-peer technology over ClearNet to operate with no central authority (centralisation): managing transactions and issu