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 mined more effectively with a low hash rate, such as with CPUs and GPUs, rather than only with ASICS.

Here is a summary of Alefaa-Bitcoin:

  1. Alefaa-Bitcoin uses the same process as Bitcoin to generate a block. The miner has to verify 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 an algorithm to solve the POW numeric equation (block hash) like Bitcoin;
  3. Alefaa-Bitcoin applied an algorithm that makes the coin be mined more effectively with the use of a small hash rate, 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 gain faster transactions, a more secure user environment, and a reliable chain.

*DarkGravityWave is an efficient mining difficulty re-adjustment algorithm. It was developed originally by Evan Duffield for Dash coin. It gives 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.

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 as Bitcoin to generate a block.

The miner has to verify 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).

 

 

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