What’s the technical details of POW(Proof-of-Work) about Alefaa-Bitcoin
Here is a summary about Alefaa-Bitcoin:

  1. Alefaa-Bitcoin uses the same process as Bitcoin to generate a block.The miner has to verify the approximately 4MB worth of transactions to be able to find a block. In order to find a block, the miner has to solve a numeric problem called the “proof of work” (POW);
  2. Alefaa-Bitcoin uses algorithm to solve the POW numeric equation (block hash) like Bitcoin;
  3. Alefaa-Bitcoin applied an algorithm which makes the coin to be mined more effectively with the use of small hashrate, such as with CPUs and GPUs, rather than only with ASICS. This gives Alefaa-Bitcoin a smoother difficulty retarget mechanism. The chain will become more secure and blocks’ times are much more consistent despite large fluctuations in mining power, avoiding a too slow blockchain situation. Alefaa-Bitcoin will therefore gain faster transactions and a reliable chain; a more secure environment for users.

*DarkGravityWave is an efficient mining difficulty re-adjustment algorithm. It has been developed originally by Evan Duffield for Dash coin.It gives to Alefaa-Bitcoin a smoother difficulty re-target mechanism. The chain will become more secure and blocks’ times are much more consistent despite large fluctuations in mining power, avoiding a too slow blockchain situation. Alefaa-Bitcoin will therefore gain faster transactions and a reliable chain; a more secure environment for users.

-How are the Alefaa-Bitcoin created?
All Alefaa-Bitcoin is generated by mining the blockchain like Bitcoin or Litecoin.

-What are the general technical details Alefaa-Bitcoin?
There is a total of 21 Million unique ABTC that will be created. Denomination can be divided into smaller units which are called YOD. 1 ABTC is equal to 100,000,000 YOD.  Alefaa-Bitcoin is created at a decreasing and predictable rate. The number of new Alefaa-Bitcoin created automatically halves every 2.4 months, and all of the Alefaa-Bitcoin will be generated by the end of 7 years.

How long until an Alefaa-Bitcoin transfer is done?
The transaction time of ABTC is up to 1 minute, however, with transactions increasing in the future, there is the possibility to take a little bit longer time.

What are the advantages of Alefaa-Bitcoin?
Although accepting the traditional POW(Proof-of-Work) mining, only authorized people Alefaa-Bitcoin can do the mining,  which will reduce the electrical cost in the mining industry compared to other traditional POW blockchains of POS. The most important for Alefaa-Bitcoin is that every ABTC will be rewarded to those people who really contribute to the growth of the community of the Alefaa-Bitcoin, this will keep the Alefaa blockchain and it’s business projects to grow fast with the contributions of all Alefaa-Bitcoin holders.

SPECIFICATIONS

Name: Alefaa-Bitcoin Block time: 1 minute     Rpc – P2p ports: 9778 – 9779

Ticker: ABTC Difficulty time: Each block   Max Supply: 21,024,000

Algorithm: SHA256 Premined: None     Block maturity: 100 bloc.

 

PROOF OF WORK

Alefaa-Bitcoin also uses the same process than Bitcoin to generate a block.

The miner has to verify about approximately 4MB worth of transactions to be able to find a block. Then to find a

block the miner has to solve a numeric problem called the “proof of work” (POW).

Alefaa-Bitcoin uses the algorithm “SHA256” to solve the POW numeric equation (block hash) like Bitcoin.

However, Alefaa-Bitcoin has the DarkGravityWave difficulty algorithm which makes the coin to be mined more

effectively with small hashrate, such as with CPUs and GPUs, rather than only with ASICS.

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