[ANN] [TERAhash] TERA Smart Money [PoW, CPU, 1000 TPS]

[TERA]

Introducing TERA | Smart Money

It is our great pleasure to invite you to join us to mine TERA, a coin that offers solutions for issues of existing cryptocurrencies,
namely centralization, transaction throughput, transaction speed, confirmation times, transaction fees and general usability and difficulty
of integration into existing payment and financial systems.

We have managed to create a blockchain with 1 second block time, 8 seconds for full confirmation of transfer and zero fees. On top of that
TERA blockchain is capable of throughput of 1000 transactions per second while retaining all praised blockchain features and bringing huge
possibilities for further development and seamless integration with existing infrastructure as well as with new emerging technologies.

Implementation of advanced blockchain features like smart contracts and decentralized messenger is in our roadmap and we plan to release
these in near future.

Specification

Name:	Tera
Consensus:	POW
Algorithm:	TERAhash (sha3 + Optimize RAM hashing)
Max emission:	1 Bln (TERA)
Reward for block:	1-20 coins, depends on miner power (one billionth of the remainder of undistributed amount of coins and multiplied by the hundredth part of the square of the logarithm of the miner power)
Block size:	120 KB
Premine:	5%
Development fund:	1% of the mining amount
Block generation time:	1 second
Block confirmation time:	8 seconds
Speed:	from 1000 transactions per second
Commission:	free of charge

Additional Information

Cryptography:	sha3, secp256k1
Protection against DDoS:	PoW (hash calculation)
Platform:	Node.JS
Wallets (src only):	Windows, MacOS, Linux
Network launch:	01.07.2018 12:0:0 (UTC)
Mining launch:	UTC "2018-07-24T15:33:20

Links

newbie deactivated link:https://github.com/terafoundation/wallet [nonactive]

newbie deactivated link:https://twitter.com/terafoundation [nonactive]

newbie deactivated link:https://web.telegram.org/#/im?p=@terafoundation [nonactive]

newbie deactivated link:https://discord.gg/CvwrbeG [nonactive]

Other:
newbie deactivated link:https://discord.gg/dzSGKyR [nonactive]
newbie deactivated link:https://github.com/terafoundation/wallet/tree/master/Doc/Rus [nonactive]

Roadmap

Wallet & Mining

Attention: To connect to the network, it's better to have a static IP address and you need to open port 30000.

Wallet for



Requirements

The Terahash algorithm based on sha3 and optimized RAM hashing function. At least you need a strong CPU (> 4 Threads) and a lot of RAM (>8 GB).

Good combinations of CPU / RAM are:

04 Threads /// 08 GB RAM 08 Threads /// 16 GB RAM 12 Threads /// 24 GB RAM 16 Threads /// 32 GB RAM

For example: The Intel i7-4770K CPU have 4 cores and 8 threads.

Download and Guides on

newbie deactivated link:https://github.com/terafoundation/wallet [nonactive]


Starting the wallet

Wait until the synchronization is complete - the green message Synchronization complete should
appear. Below, when you start first time, two fields will appear: name and adviser. Enter the code of
the adviser (if you have one), enter account name and click the Create button. After about 8 seconds,
the account creation transaction will fit in the blockchain and you will have an open account where
you can mine the coins.

Solving connection problems

1. Check the presence of a direct ip-address (order from the provider)

2. Check if the port is routed from the router to your computer

3. Check the firewall (port must open on the computer)

Referral mining program

In the first year of the network work (when the number of the block is in the range from 2 mln to 30
mln), the referral program of mining works. If the miner indicated an adviser in his wallet, then he
gets about twice the size of the reward, and his adviser receives a one-time reward. Thus, at the
beginning of the action of the referral program, the emission is roughly tripled.

Technically, an adviser is an account number. Any account can become an adviser, provided that it
was created more than 1 mln blocks ago (i.e. approximately 12 days).

In order to smooth out the emission curve, the award for referral mining is multiplied by a factor that
assumes a value from 1 to 0. The factor takes the value equal to 1 at the beginning of the program
and smoothly changes to 0 at the end of the program (up to 30 millionth block).

Transfer your coins "bank like"

The coins are kept in accounts by analogy with bank accounts. The accounts are numbered from 0
sequentially. The zero account number is for system account, to which initially 1 bln coins were
issued. To create new account you need to send to the network special transaction
ACCOUNT_CREATE where you need to specify a public key of the account owner and unnecessary
characteristic “name of account” (a line with length up to 40 bytes). It is advisable to specify the
name to check the correctness of the account number input when sending the payment.

Test Network

Default values:

port:40000 httpport:8080

Launch:

sudo node set-test httpport:8080 password:SecretWord sudo pm2 start run-test.js

Notes:

We do not recommend installing the test network on the same computer for the following reasons:

If the test network will have a security hole, it will extend to the working node You may experience problems with a remote connection. Due to the peculiarities of storing cookies of the same domain in browsers. However, you can avoid this if you create domain synonyms in a file similar to hosts in windows and use a different alias for the test machine.

Jobs

We are looking for UI/UX Designer and Web-developer in our team.
Please see all info here: newbie deactivated link:https://discord.gg/CvwrbeG [nonactive]

Latest Updates

v0.545

|

We switched to a new mining algorithm. Details of the algorithm on the channel #algorithms

v0.553

|

1. Fixed small bug with update version installation (previously installed always, even if auto- update is disabled) 2. With block number 7000000 introduced protection against DDOS attacks when creating new accounts. New accounts will be allowed to be created only in limited quantities. For an unlimited number in the future will be expanded standard transaction transfer of funds. We plan to add support for transferring money to the wallet address (public key) without specifying an account. In this case, a new account will be created automatically and a small fee will be charged for its creation (for DDOS protection). Ordinary transaction of transfer of funds stating the account will not require a fee.

More updates will be available soon...

[TERA]

Good News

Smart contract support has been launched in the test network.
Testing and development will go on newbie deactivated link:https://t.me/TeraLab [nonactive] in Russian.
After the development, we will create documentation in English and notify you on the official channel.

[TERA]

A great day. we have published our new website