Clubcoin {CLB} UPdated Details
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What is Clubcoin?
Clubcoin is a peer-to-peer digital currency that has a decentralized and consensus based system where all transactions are viewed in a public ledger. Which means nobody has control and everything is completely transparent to everyone on the network.
This type of distributed network allows the coin to function without having to trust anyone. The concept of all digital currency is taking the control out of a central authority and putting it where it belongs... In the hands of the people!
With Clubcoin you can transfer money between accounts with ease. You can send any amount to any other person and they will receive it fast and be able to spend it once the transaction is confirmed by the network
Proof of Stake Method:
Clubcoin uses the Proof of Stake method to secure all transactions. This means whoever is holding Clubcoin can decide to use the coin to help verify the transactions in the ledger. This process is called staking and this is how the newly issued coins are introduced to the network.
Anyone can stake coins and be rewarded with newly issued Clubcoin. All you have to do is download a wallet and keep the wallet online to process the transactions. This uses your computing power to distribute and verify the network and you get rewarded.
Clubcoin uses open source code, which means everything is public and can be checked, this is what makes digital currency so powerful. Everything is transparent and available for viewing and nobody has anymore authority than anyone else. Your authority only comes based on how much Clubcoin you are holding and staking and anyone can be part of this network
ClubCoin is pure Proof of Stake 2.0 coin
Launch Date: 8 Dec 2016Proof of Stake Specifications
Block time: 2 minutes
Difficulty retarget: every block
Stake interest: 20% annually, halves every 2 years
Min transaction fee: 0.0001 CLUB
Fees are paid to miners
Confirmations: 10, maturity: 400
Min stake age: 8 hours, no max age
P2P port: 18114, RPC port: 19114Proof of Work Spec
Algo: scrypt
Block reward: 100000 CLUB, halving every so often blocks to match PoS rewards
Max height: 1300 (after this network will not accept PoW)Clubcoin'sKey Features
Large Distribution & Low Inflation
80 million Clubcoin was mined to start and these coins are being distributed to BitClub Network members. No new coins will be created using Proof-of-Work method, all new coins will be issued from the 20% yearly interest paid to holders of Clubcoin who are staking their coins. This drops in half every 2 years.
Built-in Users = Adoption
Clubcoin was first introduced to BitClub Network members as a strategic way to distribute the coins across a global network of users. This model gives Clubcoin a unique advantage over most coins in the market as it will continue to be issued and distributed worldwide to a fast growing user base.
Blockchain Security
Clubcoin has it's own Blockchain and distributed network of nodes that make it very secure against attacks and hard to get 51% consensus. Other digital currencies that are only Prook-of-work face issues due to their reliability on large-scale mining operations.
Merchant Platform
A new Merchant Platform is being built that will allow online and brick & mortar businesses to accept Clubcoin very easily with no risk. Since many members will be eager to use this platform we have created a very strategic way to sign up new merchants. We have big plans to grow the entire Clubcoin ecosystem.
Downloads
Linux 1387: http://clubcoin.co/wallets/clubcoin_1.0_i386.deb
Linux AMD64: http://clubcoin.co/wallets/clubcoin_1.0_amd64.deb
Windows: 32 1.2.0:
Windows:64 1.2.0
MAC:1.0.3
Android
Source code: https://github.com/BitClubDev/ClubCoin
Block Explorer:http://clubcha.in/
Exchange:
Bittrex
YoBit
LiteBit.eu
BloomBit
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