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HTMLCOIN 2017 SPECIFICATION

posted Jun 29, 2017, 9:12 PM by Ian Hervey   [ updated Jul 8, 2017, 11:01 AM ]

Name:                                 HTMLCOIN

Symbol:                             HTML5 or </>

Membership:                     Htmlcoin Community Member or Htmlcoiner.

Language Usage:             I have 10 htmlcoin. I got paid yesterday with 250 htmlcoin

(long version). I got paid for 150 html (short version).

 

Code Base:                        A hybrid of Bitcoin and Ethereum

Premine:                            Coin Swap / Exchange Deficit / Development Fund / 5% Degree

 of Tolerance

PoW Reward:                    2,500 coins per block

Max PoW Coins:               90 billion

PoS Reward:                     2% Annual

Proof:                                 PoW / PoS

Hash:                                  NeoScrypt (GPU mining)

Difficulty:                           Enhanced Hash Rate Compensation

Security:                            Real Time Checkpointing

Block Time:                       60 Seconds

Block size:                         1Mb

Networking:                       UPNP/IPv4/IPv6

QR Code:                           Generate codes for addresses

 

FEATURES

 

NeoScrypt

More advanced version of Percival’s Scrypt addressing numerous disadvantages. More info.

 

Real Time Checkpointing

Protects the history of the chain from being changed by 51% attacks, broadcasts block height and hash of the main chain that cannot be overwritten.

 

Enhanced Hash Rate Compensation

Adjust every 120 blocks but with short, medium and long block time samples to average out the adjust and apply 25% damping to the result.

 

Hybrid Bitcoin / Ethereum

Uses both the Bitcoin and Ethereum codebase, this combines Bitcoin with EVM (Ethereum Virtual Machines).

 

Smart Contracts

Protocol to facilitate, verify or enforce negotiation or performance of a contract.

 

Simple Payment Verification

Execute smart contracts from lite wallets.

 

Decentralized Applications

Window to the distributed New HTMLCOIN network to be able to create smart contracts and other more fully fledged complex EVM apps. Greatly extends the network's capabilities.

 

Account Abstraction Layer

Qtum’s extension to Bitcoins ‘Script’ language, sits between the blockchain and EVM and allows decentralised applications and smart contracts to run in environments that were not possible before.

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