BitQuark is the result of merging Bitcoin with the super secure hashing power of Quarkcoin. BitQuark uses Bitcoin's distribution method with the addition of 0.5% annual inflationary after the initial 21,000,000 BitQuark's have been mined. It uses the super secure 'quark' algorithm made up of 9 rounds of hashing from 6 hashing functions (blake, bmw, grøstl, JH, keccak, skein). 3 rounds apply a random hashing function. BTQ has a block time of 30 seconds and block rewards of 2.5 BTQ per block. The block rewards will never fall below 0.1 BTQ. Retargeting every block via DarkGravityWave3 and halving every 4 years. BTQ is CPU/GPU mined and ASIC resistant, so anyone can mine it without the need of running expensive high-end hardware. Absolutely NO PREMINING of this coin!!!
Algorithm : Quark
Block Time : 30 seconds
Block Rewards : 2.5 BTQ
Min. Block Rewards : 0.1 BTQ
Block Halving : Every 4 Years
Retarget Time : Every Block via DGW3
Total BTQ : 21,000,000 + 105,000 BTQ Annual Inflation after initial 21,000,000 mined.
BitQuark is more secure and faster than Bitcoin. To be exact, it's 20 times faster than Bitcoin. Today's fast pace World needs a fast currency and BitQuark delivers that need!