Introduce counos x

Counos X (CCXX) General and Technical Information

CCXX is the first coin that is bankable and implements the proof of work algorithm.

The number of coins to be offered in this network has not been limited, but in the first stage about 18,300,000 coins have been mined.

In the following stages, in case the duration between two mined blocks is more than 2 minutes, the first block after it will be rewarded 0.035 coins. Other blocks will not be rewarded; in other words, the maximum of 25 coins will be generated in a day.

Among other advantages of the CCXX is that if you hold Counos X in the staking wallet longer than a year, you will receive a 5% staking. If you keep Counos X longer than 6 months, your coins will increase by 2%.

Mining Information

The specifics of exactly how Counos X mining takes place is as follows; as mentioned above, the main algorithm used is proof of work, however, because of some extra requirements for miners, it would be more accurate to say that the used algorithm is a mixture of proof of work and proof of stake.

The reason is that to mine Counos X using the official Counos mining pools, the following conditions must be met:

  1. The miner must have an account in Counos Platform and get full KYC level 1 and 2
  2. The miner must own at least 10,000 Counos X

If the conditions are met, then it will be possible to receive 0.0035 CCXX for each block created.

If the above mentioned conditions are NOT met, mining will yield NO REWARD. In this way, mining reward will not be calculated for blocks, and only the transaction fee in proportion to the miner’s share of power will be considered as reward.

Also these are the conditions for creating an independent mining pool in Counos X network:

  1. The miner must have an account in Counos Platform and get full KYC level 1 and 2
  2. The miner must own at least 500,000 Counos X

Given the structure of the network, it is NOT possible for unknown mining pools to mine new blocks.

ROADMAP 2021

Counos Layer

Counos Layer is a software layer that can be built on top of the Blockchain network of cryptocurrencies. It will be added to the CCXX Blockchain to allow crypto assets such as tokens and other custom digital assets to be created. The Omni Layer protocol that was built on top of the Bitcoin Blockchain to create Tether is one of its most famous examples.

Certification System

The certificate issuance system allows CCXX Blockchain to issue all kinds of certificates such as university degrees, transportation documents, identification documents, customs documents, etc.

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Election System

Elections and voting mechanisms can be conducted through the CCXX Blockchain network, so they take place reliably and transparently. Each vote cast by voters is matched with a Counos X transaction. This means that equal to the number of people eligible for voting, there will be Counos X coins. To vote for the desired candidate, each voter has to send their coins to the candidate's wallet.

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Copyright System

The Counos X Blockchain network will be used to register and store all types of patents, invention patents, intellectual property rights, music rights, etc. The Blockchain of CCXX is fully decentralized, transparent, and tamper-proof.

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Decentralized Finance(DeFi)

By using this decentralized finance system, assets can be gathered in a crypto pool. This reliable system enables storing assets and giving out loans possible. This loaning process is based on the reliability and dependability of the CCXX DeFi system.

ex-bttom

Developer