Overview

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FairByte - FBT

FairByte is a X13 PoW/PoS experimental coin with 2 PoW stages

This is a development branch for the future 2.0 version.

Current version: 1.3.1.1

Previous versions: 1.2.1.1, 1.1.1.1, 1.0.1.1

As of July 28th, 2014 the symbol of FairByte has been changed from FBC to FBT.

Specifications:

  • X13 hash algorithm
  • PoW/PoS independent
  • 6 transaction confirmations
  • 130 minted block confirmations
  • Total coins will be around 135,000,000.

PoW details:

  • 120 sec PoW block time
  • Diff retarget each block for PoW
  • Initial payout will be 200 coins per block

  • Superblocks:

    • Every hour there will be a block with 2X normal payment (initial 400 coins)
    • Every 7 hours there will be a block with 5X normal payment (initial 1000 coins)
    • Every 3 days there will be a block with 100X normal payment (initial 20000 coins)
    • Every 30 days there will be a block with 1000X normal payment (initial 200000 coins)
  • Block payout will be halved every 10 days

  • Two POW phases in order to ensure a fair distribution
    • First phase until block 100000
    • Second phase between blocks 150000 and 450000

PoS details:

  • 60 sec PoS block time
  • diff retarget each block for PoS
  • minimum hold for PoS: 48 hours
  • maximum hold for PoS (over which coin-day no longer accumulated): 120 days
  • Variable PoS payout:
    • 1st year: 50%
    • 2nd year: 25%
    • 3rd year: 13%
    • 4th year: 7%
    • 5th year: 4%
    • and subsequent years: 2%

Ports:

  • connection: 22741
  • RPC: 22740