Genesis Network Wiki
Genesis Network is a blockchain based payment processing ecosystem.
The beginning of the Genesis Network starts with Genesis.
Genesis (Ticker: $GENX) is an open-source blockchain forked from Bitcoin 0.16.
Genesis launched August 16, 2018. Genesis is the first Equihash cryptocurrency on the 0.16.x BTC codebase. Genesis provides a fair-launch, transparent, GPU mineable blockchain with no-premine, no ICO and no auction. Genesis blockchain provides the fundamental building blocks for developing the standard in point-of-sale and payment processing platforms.
The platforms will focus on fixing the user experience with blockchain technology by creating simple and effective payment processing systems. These will include standalone and integrated point-of-sale systems for small business and e-commerce that are fully audit-able and easy to use. Also including in these systems is multi-platform social media/blogging/website payment processing systems that are secure and maintain decentralization.
The Genesis Network Official Team is powered by a small, but well-experienced team in the aspect of business, development and cyber-security. The team will never ask for monetary community donations. The community opinion is voiced through Genesis Network official forums and governance voted through future implementation of Masternodes.
Genesis Cryptocurrency Specifications
Hashing Algorithm: Equihash 192.7
Block Time: 60 Seconds
Block Reward: Randomized
Block Size: 2MB
Confirmation: 100 Blocks
Difficulty Adjustment: Zawy12's LWMA
Circulation Time: 1st Year (Theo. Min) 10,512,000. (Theo Max) 543,047,800. (Theo Avg) 280,430,300.
Max Supply: 4.1 billion $GENX
Independent Blockchain: Yes