Company attributes
Cryptocurrency attributes
Other attributes
Chives builds a second-layer network-the main node network on the basis of the first-layer miner network, which is similar to DASH. The second layer of the network is supported by the master nodes (also known as the full nodes), which provides unique performance support for Chives.
In Chives farms, plotting is a process that requires a disk read and write to the allocated farm space. Once your hard disk is plotted, as long as you keep the proof generated, you may become the farmer and harvest it. The initial plotting process fills the farm space with randomly input proofs, and then reads the drives through direct access to the API, and sorts them to quickly find the proofs obtained.
Chives uses the free disk space on the hard disk to run the proof of space (PoSpace), and coordinate with another consensus algorithm-proof of time (PoTime) to verify the blockchain.
On the blockchain of the Chives network, there is no upper limit or limit on the total number of Chives coins that can be generated through farming rewards (farming).
Block reward: A block is generated every 18.75 seconds, and each block rewards 200 Chives. Of this, 45% is allocated to miners, 45% is allocated to the master nodes, and 10% is allocated to the community. One halving of block rewards every 3 years, to a final rate of 12.5 Chives generated every block from the thirteenth year.
Chives contains a two-tier network. The first layer is a network composed of miners, which provides users with funds sending and receiving services and prevent double spending. The second layer is composed of master nodes which form a network, providing unique performance support for the Chives network.
The entire Chives is based on the CHIA branch, adding an asset mortgage, community autonomy, main node network, budget review and other functions. Chives use a combination of proof of space and time (PoSpace + PoTime) and proof of service (PoSE); 45% of chives are allocated to miners, 45% are allocated to master nodes, and the remaining 10% is allocated to participants who contribute to the Chives community ecosystem.
