EMPOWER NETWORK SECURITY AND FEATURES
OUR EMPOWER NETWORK COIN INFORMATION AND POS BREAKDOWN
Empower is an open source cryptocurrency focused on fast private transactions build constructed off a state-of-the-art hybrid consist of: Proof-of-Stake (PoS). The Empower blockchain is constructed off the Bitcoin Core 0.18 algorithm. The Proof-of-Stake hashing is made possible through the ShA256d algorithm. Both algorithms, when utilized in conjunction with each other, allow for increased security and stability throughout the Empower network.
EMPOWER NETWORK COIN SPECS
|Algo||Bitcoin Core 0.18|
|Block Time||120 Seconds|
|Difficulty Retargeting||Every Block|
|Max Coin Supply (PoS Phase)||50,000,000 MPWR|
Below is a POS Reward Breakdown For Empower Network
|Phase||Block Height||Block Reward||% APR|
|Phase 1||1 – 262,800||3.4 MPWR||10% ( MPWR)|
|Phase 2||262801 – 525,600||3.4 MPWR||9% ( MPWR)|
|Phase 3||525601 – 788,400||3.4 MPWR||8% ( MPWR)|
|Phase 4||788401 – 1,051,200||3.4 MPWR||7% ( MPWR)|
|Phase 5||1,051,201 – 1,314,000||3.4 MPWR||6% (MPWR)|
|Phase 6||1,314,001 – CAP||3.4 MPWR||5% ( MPWR)|
Below is a breakdown of the Premine rewards. This amount was mined on the 1st block of the chain.
|Block Height||Reward Amount||Notes|
|1||9,000,000 MPWR||Initial pre-mine|
|Mpwr Client Comparison Chart|
|Mpwr Desktop||Mpwr QT||Mpwr-cli||Mpwr Copay||Ledger||Feature|
|Supported||Supported||Supported||Supported||Supported||Send/Receive (public) Mpwr Coins|
|Supported||Supported||Supported||Not Supported||Not Supported||Send/Receive (private) Blind/Anon|
|Supported||Supported||Supported||Not Supported||Supported||Sign/Verify Messages|
|Supported||Supported||Supported||Not Supported||Supported||Advanced Wallet Management|
|Not Supported||Not Supported||Supported||Supported||Supported||Multisignature|
|Supported||Not Supported||Not Supported||Supported||Supported||Multiple Wallets|
|Empower Network Wallet Currency & Transactions types|
|Empower Network features 3 types of transactions that can be chosen by users according to their specific needs.|
|Public – By default, only pseudonymous (like Bitcoin)|
|Blinded (Blind) – Uses Confidential Transactions (CT) combined with Bulletproofs to hide transacting amounts|
|Anonymous (Anon) – Uses RingCT combined with Bulletproofs to hide transacting amounts and participants|
|Anonymous||No||No||Yes||Public is only pseudonymous|
|Just like Bitcoin|
This type of transaction is pseudononymous, just like Bitcoin.
Public transactions are publicly auditable on any Empower blockchain explorer and offer the least amount of privacy.
They are the cheapest transactions to execute and is the default privacy setting.
This type of transaction uses the Confidential Transaction (CT) privacy protocol developed by Bitcoin Core developer Gregory Maxwell to keep the transferring amounts
visible only to the transaction participants (and those they designate),
while still guaranteeing the transaction’s cryptographic integrity.
This is a mid-level privacy option and is more expensive than public transactions,
but cheaper than anon transactions.
Mathematical and cryptographic details related to the CT privacy protocol are available on Maxwell’s original investigation into the protocol.
Empower is the first coin in history to deploy this technology on a Bitcoin Core codebase as well as on top of Segwit.
This type of transaction has adapted for the Bitcoin codebase the RingCT privacy protocol developed by Shen Noether
to hide both transferring amounts and participants’ blockchain identity by combining Cryptonote’s ring signatures and Maxwell’s CT protocols.
It is the one of the highest level of trustless privacy protocol the crypto industry has to offer and was made famous by Monero.
It is also the most expensive privacy setting to use.
Mathematical and cryptographic details related to the RingCT privacy protocol are available on Shen Noether’s RingCT whitepaper.
Empower Network is the first coin in history to deploy this technology on a Bitcoin Core codebase as well as on top of Segwit.
OUR EMPOWER NETWORK ROADMAP
- Establish confidential victim support community
- List on additional exchanges Build Android Wallet
- Have a paper wallet
- find investers
- Release Initial Whitepaper
- List on initial exchanges
- Deliver first donation
- Establish public press for donations
- Capture survivor testimonials
- Create concept
- Recruit initial core team
- Author initial roadmap
- Develop Wallets for MAC, Windows, and Linux
- Build initial Website
- Initiate Empower community hub on Discord Establish public presence on social media