Uzlocoin is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.
- Anonymized transactions using zerocoin technology
- 100% Proof of Stake 3.0 Consensus protocol, allowing very low transaction fees and energy expenditure, and staking rewards to all participants in the network
- Masternode technology used to secure the network and provide the above features, each Masternode is secured with collateral of 10K UZL
- Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.
17.6M uzlocoin was produced for swapping. 500k were mined 1-200 blocks to bring that amount to 18.1M UZL, the amount needed for the swap.
Since then, the Uzlocoin repository has been rebaselined to show the fork relationship properly.
https://bitcointalk.org/index.php?topic=2307909.0
Rebrand from KryptKoin [KTK] to Uzlocoin [UZL]
Algo | Quark |
Block Time | 60 Seconds |
Difficulty Retargeting | Every Block |
Max Coin Supply (PoS Phase) | Infinite |
Block Height | Reward | Masternodes | Stakers |
---|---|---|---|
<= 775,600 | 7 UZL | 4.2 UZL | 2.8 UZL |
775,601-1,043,999 | 4.5 UZL | 2.7 UZL | 1.8 UZL |
1,044,000-1,562,398 | 3.6 UZL | 2.16 UZL | 1.44 UZL |
> 1,562,399 | 2.7 UZL | 1.62 UZL | 1.08 UZL |
The Uzlocoin development budget is up to a maximum of 3 UZL per block, paid out based on approved proposals as voted on by the Uzlocoin masternode owners through the community governance process.