Digit’s approach to mining and staking suggests that supply will curve in a parallel fashion with the popularity and demand. Digit’s value over the mining period is projected to be far more stable than most other crypto-currencies on the market. Price stability as a payment instrument is one of the most important elements in getting recognized and accepted in the global financial system. Digit aims for maximum dispersion in early stages and maximum efficiency in late stages. We believe in long term stability and popularity increase. We are confident that the Digit way to handle coin distribution is efficient and fair.
General Rundown:
x13 algorithm PoW and PoS.
60 seconds block time
Difficulty adjusts every block.
Mining reward smooth decreasing factor.
Demand adaptable mining reward.
Rising interest rate until mining has been replaced with staking.
Interest periods of 30 days.
Interest payout periods from 1 day.
6 confirmations for transactions.
60 confirmations for mined blocks.
1.25% from each block will go to the support fund
(1% of that is used for bounties and 0.2% to fund development. Remaining 0.05% will be donated to science projects)
Default ports: 11100 connection; 11101 RPC.
Introduction to how Digit is mined:
Digit mining reward is variable, but not random. It reacts to market demand, but decreases in time.
More coins will be generated when network hash rate and difficulty is high. Less coins will be generated when network hash rate and difficulty is low.
Mining period lasts approximately one year. By the end of this period, mining reward has decreased to the minimum and Digit mining process will end.
Once mining has ended, staking interest rate will start moving towards to monthly base rate of 1%
