FairByte is a X13 PoW/PoS experimental coin with 2 PoW stages
###Current version: 1.3.1.1### Previous versions: 1.2.1.1 1.1.1.1 1.0.1.1
As of July 28th, 2014 the symbol of FairByte has been changed from FBC to FBT.
- X13 hash algorithm
- PoW/PoS independent
- 6 transaction confirmations
- 130 minted block confirmations
- Total coins will be around 135,000,000.
- 120 sec PoW block time
- Diff retarget each block for PoW
- Initial payout will be 200 coins per block
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- Every hour there will be a block with 2X normal payment (initial 400 coins)
- Every 7 hours there will be a block with 5X normal payment (initial 1000 coins)
- Every 3 days there will be a block with 100X normal payment (initial 20000 coins)
- Every 30 days there will be a block with 1000X normal payment (initial 200000 coins)
- Block payout will be halved every 10 days
- Two POW phases in order to ensure a fair distribution
- First phase until block 100000
- Second phase between blocks 150000 and 450000
- 60 sec PoS block time
- diff retarget each block for PoS
- minimum hold for PoS: 48 hours
- maximum hold for PoS (over which coin-day no longer accumulated): 120 days
- Variable PoS payout:
- 1st year: 50%
- 2nd year: 25%
- 3rd year: 13%
- 4th year: 7%
- 5th year: 4%
- and subsequent years: 2%
- connection: 22741
- RPC: 22740