SERAPH Seraph is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Seraph payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
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SwiftX
SwiftX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. SwiftX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.
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SeeSaw Reward Mechanism
The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved.
Proof of Work
Seraph use the New PHI1612 PoW/MN algorithm to Validate Blocks. PHI1612 is one of the most Secure encryption algorithms, combination of Skein, Jh, Cubehash, Fugue, Gost and Echo algorithms. it does a GPU-based calculation during encryption. Unlike other Algorithms , the GPU resources are not always used atthe highest level during mixed encryption calculations. This means less electricity consumption and less heat generation.
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Masternode Network
Masternodes are responsible for facilitating the Obfuscation and SwiftX features. They are full nodes that run 24/7 and require collateral of 5,000 SERA to be locked. In exchange for providing this service, and locking up the coins, effectively reducing supply, the Masternode owner is rewarded a portion of the block rewards. The percent of the block rewards earned is variable, and based on the SeeSaw reward mechanism.
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(https://i.imgur.com/fWGvIvX.png)
Coin Specs
Ticker Symbol SERA
Algorithm PHI1612
Type PoW/PoS Hybrid
Block Time 120 Seconds (2 mins)
Difficulty Retargeting Every Block
Max Coin Supply (PoS) 32,000,000 SERA
Premine/Initial Supply 4% SERA
SERAPH Created Per block 50 SERA
Reward Method Teeter Totter Based Targeting System
Masternode Collateral 5,000 SERA
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(https://i.imgur.com/bYk4bSO.png)
Sale Details
Total Max Supply is 32,000,000 SERAPH, pre-mined 4%. Will be available 106 mn for sale, and you can get coins as required, for example you can get 1000 SERAPH if you don’t want to setup a mn.
Sale Structure
1.Join to our discord cannel and send pm to Yarder in order to get your coins. Ask for updated amount adjusted to your cryptocurrency of your preference before send the coins to our wallet.
2. We have to wait for 3 confirmations in case for btc, tracked by the txid that you’ll provide us
3. Send your SERAPH wallet
4. Receive your coins to your wallet
ACCEPTED CRYPTOCURRENCIES
BTC, USDT, LTC
SERA ICO price:
1 SERA = 0.11 usd
Total cost of Masternode: 550usd
(https://i.imgur.com/c2RrpvN.png)
Website: http://seraphcoin.com (Still under construction)
Twitter: https://twitter.com/seraphcoin
Discord: Discord will be released on Thursday, March 29, 2018 at 21:00 hrs Los Angeles California Time
Github: #
(https://i.imgur.com/hQ86RxL.png)
Coming soon
(https://i.imgur.com/B0QJM72.png)
(https://i.imgur.com/e1bHkgG.jpg) (#post_)(https://i.imgur.com/roQBUsv.jpg) (#post_)(https://i.imgur.com/IpKATKJ.jpg) (#post_)
(https://i.imgur.com/uHIZUIO.jpg) (#post_)(https://i.imgur.com/ay38uDH.jpg) (https://github.com/tpruvot/ccminer/releases/tag/2.2.2-tpruvot)(https://i.imgur.com/WT1NetV.jpg) (https://github.com/216k155/sgminer-phi1612-Implemented/releases)
Open Bountys
Block Explorer 800 SERAPH ( available: 3 claimed: 0 )
Pools 1000 SERAPH (Available: 4 claimed: 0 )
Mpos Pools 1000 SERAPH (Available: 1 claimed: 0 )
Faucet 300 SERAPH (available: 1 Claimed: 0)
MarketingPost announcement in Cryptocointalk: 100 SERAPH
Post in other altcoin forums: 100 SERAPH