Proof of Work + Witness

Whitepaper
PoW
Miners compete to bundle the latest valid transactions into a new block.
PoW
The winner generates a block. Reward: 50 NLG
Witness
The block has to be signed by a Witness. Reward: 30 NLG
PoW + Witness
Extends the blockchain.
150 seconds

Witness

A Witness is a Gulden user that has locked his or her Gulden (min. 5000 Gulden) for a certain period of time (min. 1 Month) and receives interest from the system itself. A Witness is anonymous and is selected at random.

The miner needs a Witness to verify the block before it becomes valid. Witnesses can only verify blocks that play according to the rules, so a miner has to share a block immediately to avoid losing money. This prevents miners from misbehaving.

Transactions/MB
Gulden
58% more
Bitcoin
Secure transaction speed
Gulden
1200% faster
Bitcoin
Initial wallet sync speed
Gulden
4800% faster
Bitcoin
Requirement to double spend 1 confirmation
Gulden
71% PoW + 71% Witness
Bitcoin
50% PoW

Gulden core is decentralized and open source

The code is accessible to everyone and can be verified by anyone. Contributions from experienced developers are welcomed. You can write code, solve bugs, discuss code or help us develop Gulden.

GitHub.com/Gulden
PoW algorithm
SIGMA
Difficulty adjustment
Delta
Confirmations
2
Block reward
160 G
PoW
50 G
Witness
30 G
Development
80 G
Block time
150 seconds
Gulden in circulation
504 M
Maximum supply
1680 M

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