What is Innova Coin?
INNOVA is an innovative and adaptive new age cryptocurrency available to everyone. It is going to take the lead in cryptocurrency progress and diversity, because it is easy to use and it has the most secure and developing program.
With this mission statement we want to show what a humble community can do, and that anything is possible.
Maximum Supply: 45,000,000 coins
Algorithm: NeoScrypt
Type: PoW
Coin name: Innova
Coin abbreviation: INN
Address prefix: i
Block Time Average: 2 minutes
Block Reward: 20, decreasing by 12% every year
Block Reward Distribution: 50% to Masternodes, 50% to Miners
InstantSend Confirmation: ~5 seconds
Superior Difficulty Retargeting Using Dark Gravity Wave
Superior Transaction Anonymity Using PrivateSend
Premine: 2.2%
DarkSend and Mixer:
DarkSend is a function that makes anonymous a part of your coins. The parts, once anonymized will then be available only on DarkSend networks and can be exchanged anonymously between wallets. The anonymization of the currency involves a variable cost depending on the volume to be processed and take a long time.
Spork System:
The spork system is "soft fork" and "hard fork" compression, which means that INNOVA developers can work across the Masternode servers network and change some variables without the necessity for the client to be restarted or to install a new version. The available variables are visible by typing "spork show" in the console.
These variables do not affect the currency generation value or the Masternodes control, but only programing variables to maintain the security of the network, such as the maximum instant send value ...
Subsequently INNOVA coin developers will add additional variables in order to make operations even safer and above all to increase the fluidity of the network.
Instant X:
You can send funds between Innovacoin wallets faster thanks to the support of masternodes. The validation of the transaction will therefore be faster. The transaction cost will be higher than a typical transaction to reward the Masternodes that validated the transaction.
Masternode Network
Masternodes are full nodes, just like in the Bitcoin network, except that they provide a level of service to the network and require collateral to participate. Collateral is never forfeit and is safe while the Masternode is operating. This allows investors to provide a service to the network, earn interest on their investment and reduce the volatility of the currency. To run a Masternode, you're required to have 1000 INN and a static IP address.
Due to the nature of the Masternode rewards, the amount that you are going to receive is dependent on the total count of active Masternodes.