Lana coin
Lana ANN thread
https://bt.irlbtc.com/view/1448065.0Info taken from thread. (Coin is not mine)
Ticker: LANA
Type: PoW/PoS hybrid
PoW algorithm: sha256d
PoS block hashing: sha256d
Max Coins: 7.506.000.000 (7.5+ bilion will every be created)
PoW reward: 10000 LANA (no halving)
Last PoW block: 750000 (can only estimate)
PoS reward: fixed 1000 LANA + 7% (yearly)
PoS reward halving: 525600 (approx 5 years, halving only for fixed reward, 7% stays the same)
Minimum PoS age: 7 hours
Maximum PoS age: unlimited
Block time target: 2.5 minutes
Difficulty retarget: every block
Coinbase maturity: 42 blocks
Transaction recommended minimum confirmations: 10
Minimal TX fee: 100 Lanoshis (0.00000100 LANA)
Why i created LanaCoin and what is the purpouse of the cryptoledger!
The idea for a personalized cryptocurrency is not brand new and it has been done before recently. I was actually inspired by my friend, who is at the same time my right hand man with the project and has done outstanding work that lead to the release of the source code and essential client wallets. For that i will be forever gratefull to him as will to all of you that support the idea and will hopefully honour the project by any collaborative work in the future. The most funny thing to mention is that this project finally unchained me from my microsoft sys admin seat and essentially forced me to do core setups of ubuntu servers along with opening a learning curve to the world of linux terminals.
Some of you will call LanaCoin a s..t coin and some of you will say its just a makebelieve story to make the coin more apealing but rest ashure i am a real person (see my forum sig blockchain id) and LanaCoin is dedicated to my daughter for her 10th birthday. This doesnt make the coin hers and hers alone but is simply the most unique way for a geek father to say happy birthday.
I am not going to make any false promises on the development roadmap or the price of the cryptotoken, i can however promise to keep the seed node network alive and take upon me any costs of the projects essential services required for the network to stay alive, secure and updated.
Why i choose to release this unconventional gift for my daughter!
This one is actually quite simple. Because she is good at mathematics and she is also taking part in International math kenguru organized by Slovenian DMFA (Society of Mathematicians, Physicists and Astronomers of Slovenia) so what better way to compliment her on continuing her mathematical learning path than with a math based cryptotoken to work on im the future.
