About Counos coin Core


 

What is a Full node?

The Full node holds a complete copy of all system transactions history. This fully-fledged history is stored in the chain of blocks. If you already create a Full node in Bitcoin or similar currencies, you can create the same style in our network in the same form. Continuing the same stages is considered the best advice to communicate without intermediating the use of Counos Coin. The core is a software that allows you to create a wallet and will also be able to be mined.

This software is an open source based on Bitcoin Core V 0.14, and its version 0.15 will be available soon.

It can be used on Windows, Debian, Ubuntu, and MacOS at a glance. It looks like the Bitcoin core but follows the rules of Counos Coin.

 
What are the mining rules in the network?

The difficulty of exploring a block in the network was reviewed every two months in 2016, and it changed to every two weeks then. Afterward, additional miners are added to the network, and more willingness to block blocks is created, a more complex algorithm is applied to extract a block.

During a mine, a block will help you place transactions that are running on the network in a block and create a connection between the current block and previous blocks to secure the network by the block algorithms of the network.

When the block created by your node in the network and its other components are accepted and verified, a reward that is unrecoverable will be awarded to you.

This bonus is currently four coins per block.

The bonus will be halved every ten years.

You will also receive a transaction fee in addition to the mining reward for each transaction you place on your block.

 
What facilities are needed to have a node in the network?

Currently, as long as the number of miners does not expand, there is not much hardware required to create a full node.

A system with at least 20GB of storage and 2GB of RAM is enough.

The reliable Internet connection is another option which seems necessary.

Run the software and start the mine block on the network by following the instructions on this page.

Bonus Blocks can be picked up after the generation of about 100 other blocks in the network, and your block has received 100 confirmations.

In case you have any question regarding using our tools, first check the FAQ section; if you do not find your answer, please contact us.