About SpeedCash project

What is Scash?

Scash is a peer-to-peer decentralized Proof of Stake Velocity digital currency with an initial Proof of Work mining distribution period lasting up to 476,918 coins mined. After the initial mining distribution period is over, the network will transition into an energy efficient Proof of Stake Velocity algorithm which will reward balance holders on the network with an 8% annual staking interest.

Scash is based on the revolutionary Blockchain concept but has added some very simple, yet clever layers of communication and a sophisticated coin mixing system, making it impossible for third parties to trace transactions between Scash wallets.

Specification

Coin ticker: SCS

Total coins supply: 476,918 SCS (details on coins supply)

Algorithm: x13 (currenly), x13 + mSHA3 (planned)

Premine 5% for bounties (will be burned to 2% at the time of new wallet release)
PoW block reward: 8 SCS decreasing by half every quarter

PoS annual interest: 8%
PoS minimum stake age: 1 hours (received TXs), 4 hours (mined blocks)

Block size: up to 2MB
Block time: adaptive from 20 to 30 seconds

PoW block rate: 33%

Required TX confirmations: 3 to 7 (depending on the transaction value)
Mined blocks confirmations: 60 to become mature

Minimum (non-dust) amount per TX: 0.001 SCS
Minimum TX fee: 0.001 SCS
Requires 3 confirmations: expected confirmation time from 30s to 2m

Maximum amount per single TX: 100 000 SCS
Maximum TX fee: 0.024 SCS
Requires 7 confirmations: expected confirmation time from 90s to 5m

Dust-like transactions (planned): 0.0 SCS fee, instant confirmation

Connection port: 35334
Default RPC port: 35333