Proof of Work (PoW)
NeoScrypt hashing algorithm. CPU and GPU mining allowed. NVIDIA cards can also be used to mine NeoScrypt
90 sec block time
1250 coins reward per block
~4 billion coins total
6 confirmations per transaction
Coin created on 2nd of January 2014
NeoScrypt – The newest Scrypt hashing algorithm uses blended Salsa 20/20 and Chacha 20/20, Blake2s for hashing and FastKDF. Read the Whitepaper.
Nite’s Gravity Well – This allows for rapid response to hash rate changes and recovery from high difficulty.
Time Warp Manipulability – Will be reduced to the point where its effect is negligible.
Automatic Checkpointing – This vital feature for any coin prevents transaction roll back from 51% attacks.
Example NeoScrypt miner config (differs for each graphics card):
nsgminer –neoscrypt -w 128 -I 13 -o http://127.0.0.1:9888 -u username -p your_password –no-getwork –no-stratum –verbose –text-only –coinbase-addr your_address