Nanucoin (NNC)

(NNC) OPEN SOURCE P2P DIGITAL CURRENCY

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Current Statistics from Explorer

Last Price: 0.00000349 BTC

Difficulty: POW: 2.5910583

Block count: 388149

Network: 125.0634 MH/s

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Info

Bitcointalk.org – https://bitcointalk.org/index.php?topic=2395392 # nanucoin nanucoin (NNC) project 2017-11-12 Coin specs Algo: Xevan ### NO PREMINE #### PoW Block Reward: [block # 000001-043200] 5.0 NNC – 40% MN / 60% + fees MINER (supply 216.000 NNC) [block # 043201-086400] 4.5 NNC – 40% MN / 60% + fees MINER (supply 410.400 NNC) [block # 086401-129600] 4.0 NNC – 40% MN / 60% + fees MINER (supply 583.200 NNC) [block # 129601-172800] 3.5 NNC – 40% MN / 60% + fees MINER (supply 734.400 NNC) [block # 172801-216000] 3.0 NNC – 40% MN / 60% + fees MINER (supply 864.000 NNC) [block # 216001-259200] 2.5 NNC – 40% MN / 60% + fees MINER (supply 972.000 NNC) [block # 259201-302400] 2.0 NNC – 40% MN / 60% + fees MINER (supply 1.058.400 NNC) [block # 302401-345600] 1.5 NNC – 40% MN / 60% + fees MINER (supply 1.123.200 NNC) [block # 345601-388800] 1.0 NNC – 40% MN / 60% + fees MINER (supply 1.166.400 NNC)* #### PoW/PoS (Hybrid) Block Reward: (burn fees) [block #388801-432000] 0.95 NNC – 70% MN / 30% MINER OR STAKER (supply 1.207.440 NNC) [block #432001-475200] 0.90 NNC – 70% MN / 30% MINER OR STAKER (supply 1.246.320 NNC) [block #475201-518400] 0.85 NNC – 70% MN / 30% MINER OR STAKER (supply 1.283.040 NNC) [block #518401-561600] 0.80 NNC – 70% MN / 30% MINER OR STAKER (supply 1.317.600 NNC) [block #561601-604800] 0.75 NNC – 70% MN / 30% MINER OR STAKER (supply 1.350.000 NNC) [block #604801-648000] 0.70 NNC – 70% MN / 30% MINER OR STAKER (supply 1.380.240 NNC) [block #648001-691200] 0.65 NNC – 70% MN / 30% MINER OR STAKER (supply 1.408.320 NNC) [block #691201-734400] 0.60 NNC – 70% MN / 30% MINER OR STAKER (supply 1.434.240 NNC) [block #734401-777600] 0.55 NNC – 70% MN / 30% MINER OR STAKER (supply 1.458.000 NNC) 05/2019 [block #777601- —–] 0.50 1 year + 262.800 = 1.720.800 ** [block #—– – —–] 0.50 2years + 262.800 = 1.983.600 [block #—– – —–] 0.50 3years + 262.800 = 2.246.400 [block #—– – —–] 0.50 4years + 262.800 = 2.509.200 [block #—– – —–] 0.50 5years + 262.800 = 2.772.000 [block #—– – —–] 0.50 6years + 262.800 = 3.034.800 [block #—– – —–] 0.50 7years + 262.800 = 3.297.600 [block #—– – —–] 0.50 8years + 262.800 = 3.560.400 [block #—– – —–] 0.50 9years + 262.800 = 3.823.200 [block #—– – —–] 0.50 10years + 262.800 = 4.086.000 — 05/2029 #### Block Time: 60 Seconds with Retargeting every Block #### Max Coin Supply: PoW Phase: 1166400 NNC* #### Max Coin Supply: PoW/PoS Phase: Infinte Masternodes: 10000 NNC collateral Budget system ENABLED Budget proposal fee 10.0 NNC https://www.nanucoin.com.br/budget ## Donations Help the development, feel free to donate any amount. NNC = NhXAgZ1wMgLickq5WiT1v6QLM2R1HXQYPA BTC = 17auBKqJMNmJtDVMPZbuJ4Sguq6Um59uq8 very good mining to all.

An Overview of Bitcoin, the Digital Currency

Bitcoin is a digital currency that can be bought, sold, and exchanged directly, without the need for an intermediary. It can be bought and sold through digital currency exchanges like Bitoasis. users can check the Bitoasis review to verify the credibility of the site.. In fact, it is one of the most popular and widely accepted cryptocurrencies around the world.  All the Bitcoin transactions are recorded in a public ledger and kept safe using cryptography so that it will be very difficult to reverse and fake a transaction. This digital currency is not supported by the government or any other issuing institution.

It is possible to convert Bitcoins into cash. Many online cryptocurrency exchanges and automated trading bots like bitcoin billionaire software are available that make this possible, but transactions can also be done directly or through any communication platform. This enables even small firms to accept Bitcoins.  However, no official mechanism has been integrated into Bitcoin for turning into other currencies.

 Bitcoin was developed with the aim to help people send their money through the internet. The main purpose of Bitcoin is to offer an alternative payment method that operates without any central control and can be used just the same as ordinary currencies.

It is assumed that Bitcoins are safe.  The cryptography used to secure Bitcoin relies on the SHA-256 algorithm, which is developed by the US National Security Agency. It will be very impossible to crack this as there exist a greater number of possible private keys that also need to be tested.  One of the main drawbacks of Bitcoin is that as it is not controlled by any central authority anyone making a mistake during the transaction has no recourse. For instance, If you send bitcoins to the wrong person by mistake or if your password is lost then you cannot go to anybody for assistance.

Now let’s look at Bitcoin Mining

Bitcoin mining involves keeping the Bitcoin network running and it is through this process new coins are launched.   Every transaction is publicly broadcasted over the network, and miners aggregate a vast collection of transactions into blocks by performing cryptographic calculations that are very difficult but very easy to validate. The first miner who resolves the next block will send it to the network and later added to the blockchain, once it is proven to be correct.  Many newly created Bitcoins will be given to this miner as a reward.

When Bitcoin first emerged, even a simple computer was able to mine coins almost instantly. But things have changed completely, now we need a room filled with powerful equipment to mine Bitcoins. In many cases, you need a high-end graphics card that can perform the calculations. This, when coupled with fluctuating Bitcoin prices, can make mining more expensive.

 Miner also chooses the transactions to be put into the block, so different amounts of charges are added by the sender as a reward. When all the Bitcoins are mined, these fees will be kept as an incentive to continue mining. This is necessary as it provides the foundation of the Bitcoin network.