GigaCash is a community governance, cooperation & growth focused blockchain which is a Fast, Secure & Private Cryptocurrency with Masternodes
WHAT IS GIGACASH?
GigaCash is a open source cryptocurrency that focuses on privacy, speed, decentralization and community decisions. GigaCash uses the QUARK algorithm with POS consensus and Masternodes to create a secure network with full nodes across the globe, this ensures the network is decentralized and no one person has control or ownership. Unlike most other currencies, decisions on GigaCash’s future are made by the community. Our long term goal is mass adoption and to be a top 100 cryptocurrency within 2 years, we aim to complete community projects and create a payment gateway which our partners will beable to implement to accept payment with any cryptocurrency for services, products, bills and more, while giving GigaCash holders extra benefits. We are also looking to create a Decentralized Exchange which will give masternodes and stakers 90% of trading fees.
COMMUNITY FOCUSED
GigaCash is a community focused cryptocurrency. The community will be part of important decisions such as projects and decisions unlike other larger cryptocurrencies
SUPER FAST
GigaCash has super fast transactions with a 60 seconds block time, allowing you to send and receive within seconds and no longer needing to wait up to 10 minutes
STAKING
GigaCash allows users who cannot afford a masternode to receive rewards for securing the blockchain via staking their coins inside their wallet or on a staking pool
MASTERNODE PASSIVE INCOME
GigaCash is powered by decentralized masternodes/nodes that secure the blockchain and all its transactions. By having a masternode running you can earn a permanent passive income from frequent GigaCash reward payouts.
PRIVACY
GigaCash is a privacy coin and normal coin at the same time meaning your you can send transactions anonymously or traditionally like bitcoin. We will be implamenting ZeroCoin protocol into Gigacash which will allow for anonymous transactions
DECENTRALIZED NETWORK
GigaCash is a fully decentralized blockchain network, powered by masternodes and staking which aims to decentralize online and offline payment allowing the people to have full control of their funds and privacy
WHAT IS PROOF OF STAKE?
Proof of Stake (PoS) is an algorithm that helps the blockchain to secure every transaction. Transactions are bundled in one “block” and several blocks together are called the blockchain. In order for the blockchain to be reliable there needs to be consensus about the transactions. In PoS-based cryptocurrencies the creator of the next block is chosen randomly, with consideration to their weighting. Your weight is determined by the amount of coins in your wallet and the time they have been waiting to stake. This means that when you hold mature coins and your wallet is unlocked, you have the chance to be selected as the creator of a block. Once that happens you get a reward for helping to secure the blockchain.
WALLETS
COIN SPECS
| NAME | GIGACASH |
| TAG | GCASH |
| ALGORITHM | QUARK |
| TYPE | POS/MASTERNODES HYBRID |
| BLOCK TIME | 60 SECONDS |
| STAKE MATURITY | 11 |
| TRANSACTION MATURITY | 9 |
| PORT | 5078 |
| RPC PORT | 5178 |
| MIN STAKE AGE | 1 Hour |
| MAX STAKE AGE | - |
| PREMINE | 2.5 Million |
| DIFFICULTY RETARGETING | EVERY BLOCK |
| MASTERNODE COST | 10,000 GCASH |
| MASTERNODE REWARD | 70% |
| POS REWARD | 30% |
| BLOCK | REWARD | MASTERNODE 70% | POS 30% |
| 1 – 40,000 | 5 | 3.5 | 1.5 |
| 40,001 – 80,000 | 100 | 70 | 30 |
| 80,001 – 120,000 | 80 | 56 | 24 |
| 120,001 – 160,000 | 70 | 49 | 21 |
| 160,001 – 200,000 | 60 | 42 | 18 |
| 200,001 – 240,000 | 50 | 35 | 15 |
| 240,001 – 280,000 | 40 | 28 | 12 |
| 280,001 – 330,000 | 30 | 21 | 9 |
| 330,001 – 380,000 | 25 | 17.5 | 7.5 |
| 380,001 – 430,000 | 20 | 14 | 6 |
| 430,001 – 480,000 | 15 | 10.5 | 4.5 |
| 480,001 - 550,000 | 10 | 7 | 3 |
| 550,001 - 1,000,000 | 8 | 5.6 | 2.4 |
| 1,000,001 - 2,500,000 | 5 | 3.5 | 1.5 |
| 2,500,001 + | 3 | 2.1 | 0.9 |
ROADMAP
With GigaCash our short term goals are to build the community and raise awareness within the crypto-sphere. Our long term goals are to integrate and partner with online services, to use GigaCash as a payment method, and enhance GigaCash through multiple community projects.
EXCHANGES
GigaCash is looking to get listed on multiple exchanges however listed below are some exchange we are aiming to be listed on within the 1st year. The presale funds will be used to pay the listing fees for some of these exchanges while community support will be needed to get listed on others
FAQ
Frequently Asked Questions
