Genesis Network Wiki
Genesis Network is a blockchain based payment processing ecosystem.
The beginning of the Genesis Network starts with the Genesis blockchain.
Genesis (Ticker: $GENX) is an open-source blockchain forked from Bitcoin 0.16.
Genesis blockchain 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 and payment processing systems for small business and e-commerce that are fully auditable 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 Official Team is powered by a small, but well-experienced team in the aspect of business, development and cyber-security. The community opinion is voiced through Genesis Network official forums and social media
Genesis Cryptocurrency Specifications
Hashing Algorithm: Equihash 192.7
Difficulty Adjustment: Zawy12's LWMA
Block Time: 60 Seconds
Block Size: 2MB
Confirmation: 100 Blocks
Max Supply: 4.1 billion $GENX
Independent Blockchain: Yes
Division of Block Reward
Proof-of-Work Reward: 350 $GENX + Big Blocks
Masternode Reward: Primary: 1-180 $GENX - Secondary: 20-199 $GENX
Founders: 60 $GENX