Silkcoin – The new road of wallet features

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Silkcoin is pure Proof of Stake coin, except in the 2 stages of initial distribution where POS and POW are mixed you can find it on Poloniex or Bittirex with a fixed interest rate at 2% and it’s name making it so exotic and making you think at the old Euro-Asia route “Silkroad” where merchants across the world would pass to sell their exotic goods , so far so good , sounds like half of POS/POW hybrids that flooded the market but stay with me on this one cause it’s getting interesting . Why ?!

Technnical Info come first , sorry  .

I know you can’t wait too see what we got on this coin that’s so special but first speficications  so keep calm and stay reading !

  • Block time: 1 minute
  • Maximum POW supply: 100 million
  • Difficulty retarget: every block
  • Stake interest: 2% annually
  • Min transaction fee: 0.0001 SC
  • Fees are paid to miners
  • Confirmations: 10, maturity: 350
  • Minimum stake age: 12 hours – No max age
  • P2P port: 16666, RPC port: 16667
  • Stages and Proof of Work
  • Algorithm: scrypt
  • Block reward: 5000 SC, no halving
  • First stage POS-POW : block 1 to 10 000 (~7 days & ~30 million coins because of POS blocks)
  • Second stage Full POS : block 10 000 to 50 000 (~30 days)
  • Third stage POS-POW : block 50 000 to 60 000 (~7 days & ~30 million coins because of POS blocks)
  • Last stage – Full POS at 2% per year and 12 hours maturity

 Features & Projects – Prepare for mind blow .

 

Wallet !!! That wallet of SilkCoin It’s freaking amazing  if you dint saw it yet you better download it now . It has tons of features  that i wished so much before so much and i tried convince some developers to do the same and they sent me to Github and pull a request and start doing myself …such rude as developer , but not at SilkCoin .  They have started to finally make a wallet usable and a pleasure to use .

Now let’s count the features that this wallet has ! As well i uploaded a print-screen for you guys to enjoy it’s beautiful UI !

  1. Beautiful UI
  2. Easy unlock/lock for staking – No need to write of walletpassphrase…
  3. Built-in IRC chat – Finally i don’t need to download extra software so i can keep contact with the community !
  4. Coin Control
  5. Built-in BlockExplorer
  6. Built-in Market Explorer (soon exchanger) – I am like WTF ? Amazing ! 10 + 
  7. Soon Bittorent integrated ? - Ha , these days i spoke with some friends about this can’t wait to see it !
  8. Tutorials and more SilkCoin info like Live Prices and Stats about network !

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My impression so far ? Amazing coin and a lot of work and development on it !

Oh it’s fancy & easy !! But it has any future plans ?

So far the development team it’s very active with weekly updates and some Eco-System that looks interesting you can find out more on their BTT Thread  . So they are active and they got future plans for their beautiful project we can expect weekly updates in order to improve user experience.

It’s safe to invest ?

I am pretty sure it is and it would be much more secure if it would be on-wallet trade as they plan so it can be more decentralized and  as much as possible far from a 3rd party trading system .  With weekly updates , active community and fair distribution i consider it a very good investment as developers invest their time in this project every day so that means they work hard for their Premine not like others because of that i only drop -0.5 points for Premine not the usual -1 point ! And always trade carefully and don’t but my eggs in the same basket even if SilkCoin looks very trustworthy – trade with care in general no matter what coin and keep them on your personal wallet most of the time  !

Final Word

SilkCoin it’s an awesome coin and development team with lots of features and future plans ! It’s a must have in your coin portfolio !

Also if you liked this article and you are a user of Silkcoin use the Donate button select “SC” = Silkcoin and show some love !

 

6.9 Good start :( sad end
  • Overall Rating: 6.9
  • User Ratings (1 Votes) 0.3

About Author

Full Name : Razvan Gabriel Paun , Owner of 24/7 Crypto News . Cryptoenthusiast , Bitcoin Fanatic . If you want to contact regarding any information you can email : office (at) cryptobuzzing.com . An active member of the Cryptocurrency Community, and enjoys collecting, trading, and writing about various coins & Bitcoin latest news .

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