PORIUN is an open-source and decentralized peer-to-peer digital currency, that enpowers users to send instant payments anywhere in the world with technology which operates with no central authority, featuring advanced user data protection features, Proof of Stake consensus algorithm, and multi-purpose Masternodes: managing transactions and issuing money are carried out by the Poriun network.
Poriun is released under the terms of the MIT license. See COPYING for more information or see https://opensource.org/licenses/MIT.
| Parameter | Specification |
|---|---|
| Coin Name | Poriun Coin |
| Ticker | BPR |
| Masternode Collateral | 10,000 BPR |
| Block Distribution | MN 90% + Stake 10% |
| Max Coin Supply | 65,000,000 BPR |
| Premine | 10,000,000 BPR |
| Block Time | 90 Seconds |
| Coin Maturity | 60 Block |
| Stake Age | 1 Hour |
| RPC Port | 2706 |
| P2P Port | 2707 |
| Halving Cycle | 2 Years (blocks) |
The Poriun Network utilizes the Proof of Stake mechanism to achieve distributed consensus. The PoS algorithm ensures the creator of the next block in the chain is chosen through random selection based on various combinations of weight and age. In contrast, Bitcoin's Proof of Work mechanism utilizes mining to computationally solve intensive puzzles to validate transactions which then creates new blocks in the chain.
A masternode is a server connected to the blockchain network which guarantees a certain level of performance and functionality, and offers governance voting and funding proposals to masternode operators.
Anyone can operate a masternode and the objective is to further decentralize the blockchain network. To avoid excessive masternodes, proof of ownership requires 10,000 BPR to be retained in a transparent manner. If the owner spends or moves those coins, the masternode no longer funtions and payments cease.
Masternodes are paid by the network for the services they provide. As more masternodes are created, the duration between payments increases. Payment selection is always random due to the selection algorithm, but in the long term all masternode owners should receive similar payments. If a masternode stops providing services to the network for more than one hour, it is removed from the list until normal service resumes.
These masternode servers hold a full copy of the blockchain, and thanks to the reward system, enough masternodes will always be available to provide the developers with a platform to quickly deploy any new decentralized feature. This is an incentivized system of distributed servers working around the clock to assure the network can scale more efficiently and deploy services more rapidly than a blockchain run entirely by unpaid volunteers.