1 Introduction
Apple is a hard fork created by community volunteers using the CHIA network code. As a completely decentralized, no reservation, no ICO, and community autonomy green cryptocurrency, it can create a low-power, green and environmentally friendly blockchain system with Chia™.
Apple is not affiliated with Chia Network Inc., but is built on Chia’s outstanding open source code.
2 Apple startup and algorithm
Apple was released on July, 2021. Apple is a branch of CHIA. In order to prevent large mining pools from dominating, Apple uses a combination of proof of space and time (PoSpace + PoTime) and proof of service (PoSE). Miners of Apple can use free hard disk space to mine 100% of Apple openly, fairly and transparently.
Apple has a transparent developer premine of 300,000 Apple to support development and cloud infrastructure costs.
3 Apple mining model
In Apple farms, plotting is a process that requires a disk read and write to the allocated farm space. Once your hard disk is plotted, as long as you keep the proof generated, you may become the farmer and harvest it.
The initial plotting process fills the farm space with randomly input proofs, and then reads the drives through direct access to the API, and sorts them to quickly find the proofs obtained.
Apple uses the free disk space on the hard disk to run the proof of space (PoSpace), and coordinate with another consensus algorithm-proof of time (PoTime) to verify the blockchain.
On the blockchain of the Apple network, there is no upper limit or limit on the total number of Apple coins that can be generated through farming rewards (farming).
Block reward: A block is generated every 18.75 seconds, and each block rewards 2 Apple. Of this, 100% is allocated to miners. One halving of block rewards every 3 years, to an final rate of 0.125 Apple generated every 10 minutes from the thirteenth year.
4 Conclusion
The entire Apple is based on the CHIA branch, adding an asset mortgage, community autonomy, main node network, budget review and other functions. Apple use a combination of proof of space and time (PoSpace + PoTime) and proof of service (PoSE). Apple upholds the spirit of openness and open source, and encourages people from all walks of life to work together to promote the development of Apple.
Thanks again to the developers of CHIA!