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Magi (XMG)


Was released on
August 16, 2014 00:00
# Magi - the most energy efficient and secured system # PoS-II # Magi is smart

Specifications

  • Algorithm:

    not_defined
  • Nr. Coins:

    25 Million Coins
Hybrid PoW/PoS-II Proof of Wok Hash: M7; Block time: 3 minutes; Block reward: - difficulty dependent; maximum 500 XMG for the 1st phase (see below for details); - 7% annual reduction in the 2nd phase Proof of Stake-II Introduce a new staking mechanism: PoS-II Minimum stake coin age : 2 hours Dynamic coin age: maximum 60 days, subject to change (more info to be released) The new system designed resistant to "rich-getting-richer" Dynamic annual interest: depends on network weight, maximum 5% (5% reduction per year) Block time: 1.5 minutes; Block hash: SHA256 Maturity: 100 PoS-II initiated after two weeks of PoW

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Release of Magi

Released on August 16, 2014 00:00