1 Name：Apple Coin
English name: Apple Coin
English abbreviation: Apple
Description: Forked from Chia
Block time: 18.75 seconds (same as Chia)
Block reward: 2 Apple (Chia: 2 XCH)
Block allocation: 100% is allocated to miners
Reward halving: Halving in 3 years, to a block reward of 0.125 Apple from the 13th year (same as Chia)
Total issuance: No upper limit (same as Chia)
No need to Replot(you can use chia plots)
Blockchain Explorer: https://explorer.applecoin.in
Total token issuance:The same as CHIA
Halving cycle:The same as CHIA
Genesis block time:Tue, 20 Jul 2021 16:32:57 UTC
Project team wallet address:apple1wst7p7dd9vvx63k945qtufclmh9wv3s7xapp86yx9sc60dumz0tscsalfe
1.The project team pre digs 300000 tokens and unlocks them in five years.
2.These tokens are used to support the development and start-up of ecological projects.
3.Provide financial support for community projects, ecological network support and long-term incentive.
2022 Q3 unlock 10% pre dug tokens
2023 Q3 unlock 15% pre dug tokens
2024 Q3 unlock 20% pre dug tokens
2025 Q3 unlock 25% pre dug tokens
2026 Q3 unlock 30% pre dug tokens
Apple is a hard fork created by volunteers in the community using Chia code. As a completely decentralized and community autonomy cryptocurrency, it can create a low-power, green and environmentally friendly blockchain system with Chia™.
2 How does it work?
Apple uses the free disk space on the hard disk for Proof-of-Space (PoSpace) consensus, along with another consensus algorithm, Proof of Time (PoTime) to verify the blockchain.
The income of Apple farmers is proportional to the amount of allocated storage space; if you have 10 times the space, you will earn 10 times the reward.
3 What is a Apple Farm?
Running a Apple Farm is similar to mining, but using hard drive storage space instead of processing power. During block creation a snapshot the network storage space is taken;
Personal income is determined by the percentage of storage space a user contributes to the total storage space on the network. The more storage space you allocate to a Apple Farm, the greater your profit.
4 What is Plotting?
To start a Apple Farm it must be plotted, a process that requires a read and write to the allocated hard drive farm space. Once your hard disk is plotted, you may become a farmer and harvest it as long as you keep the proof generated by plotting.
The initial plot process fills the farm space with random input proofs, reads the drives through direct access to the API, and then sorts them to quickly find the proofs obtained.
5 Apple mining economic model
On the blockchain of the Apple network, there is no upper limit to the total number of Apple coins that can be generated through farming rewards (farming), but block rewards will be reduced over time.
A block is generated every 18.75 seconds, and each block rewards 2 Apple. 100% is allocated to miners. Halving of block rewards in 3 years, to a final reward rate of 0.125 Apple every 10 minutes from the 13th year.
6 What problems does Apple solve?
Chia officially reserves a large number of coins.
The official developers of Chia coin reserve 21 Millions coins for their own use, which is unfair to everyone who participates in the Chia ecosystem. The 21 Millions coins officially reserved are equivalent to the total rewards to all miners mining for a consecutive 12 years. Apple has a transparent developer premine of 300,000 Apple to support development and cloud infrastructure costs.