SERAPH PoW/MN/PoS PHI1612 ALGO

SERAPH

Seraph is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Seraph payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.

SwiftX
SwiftX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. SwiftX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.

SeeSaw Reward Mechanism
The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved.

Proof of Work
Seraph use the New PHI1612 PoW/MN algorithm to Validate Blocks. PHI1612 is one of the most Secure encryption algorithms, combination of Skein, Jh, Cubehash, Fugue, Gost and Echo algorithms. it does a GPU-based calculation during encryption. Unlike other Algorithms , the GPU resources are not always used atthe highest level during mixed encryption calculations. This means less electricity consumption and less heat

Coin Specs

Ticker Symbol SERA
Algorithm PHI1612
Type PoW/PoS Hybrid
Block Time 120 Seconds (2 mins)
Difficulty Retargeting Every Block
Max Coin Supply 32,000,000 SERA
Premine/Initial Supply 4% SERA
SERAPH Created Per block 50 SERA
Reward Method Teeter Totter Based Targeting System
Masternode Collateral 5,000 SERA