Place/Date: London, UK - February 9th, 2017 at 10:42 pm UTC · 4 min read
Contact: Sharon Kennedy, Source: Centurion
Centurion is a unique cryptocurrency launching today on February 9, 2017. The new cryptocurrency draws lessons from Bitcoin and other altcoins to offer an efficient and easy-to-use option for the cryptocurrency community. As the Bitcoin network struggles to clear the transaction backlog while waiting for a scalability solution, Centurion can process and confirm transactions in under 6 minutes.
Also, the cryptocurrency protocol has a block size of 2 MB, which is twice the Bitcoin block size. Just like in the Roman saga, Centurion is the protector of children and the cryptocurrency strives to help kids worldwide through its very own charity Centurion4Children; which will receive an initial donation of 5 million Centurions.
Centurion can be used for buying products and services. Readymade merchant payment API libraries can be easily integrated into websites to start accepting the cryptocurrency. The team behind Centurion is already working with some of the big names to ensure adoption.
The first adopter of Centurion will be a big online store offering more than 100 e-books and 50 videos on marketing, cryptocurrencies, internet tips, tricks, businesses, etc. The partnerships will be revealed shortly after launch with more stores to follow soon after.
• X11 Proof of Work (PoW)
• 3% Proof of Stake (PoS)
• RPC port: 5555 / P2P port: 5556
• 1 Minute Blocks
• Block Size 2Mb
• Reward Schedule:
• Blocks until 100 – 0 CNT (for fair difficulty balancing)
• Blocks 101 – 250,100 – 100 CNT
• Blocks 250,101 – 500,100 – 75 CNT
• Blocks 500,101 – 1,000,100 – 60 CNT
• Blocks 1,000,101 – 2,000,100 – 50 CNT
• Blocks 2,000,101 – 2,500,100 – 25 CNT
• Blocks 2,500,101 – 3,500,100 – 10 CNT
• Blocks 3,500,101 – 4,000,100 – 5 CNT
• Blocks 4,000,101 – 5,000,100 – 2.5 CNT
• Blocks 5,000,101 – 19,000,000 – 1 CNT
• Total Coin production 250 Million
• Reserve: 50 Million.
Mining and Mining Pools
Compared to other cryptocurrencies, Centurion has the most advanced and easy-to-use mining pools in place for the benefit of both experienced and first-time miners. The Centurion mining pools do not require miners to sign up and manually withdraw their accumulated share of cryptocurrency.
Instead, they will be receiving funds directly in their respective wallets. This setup will not only ensure the ease of use but also reduce the risk of attacks on the mining pool’s wallets. The auto payouts are set to execute every few minutes.
The cryptocurrency differentiates its users into two distinct groups, the specialist group comprising of experienced cryptocurrency community members who have a better understanding of mining process, software, and various other aspects. The other group consisting of casual users who are not well-versed with the technicalities but are known to use cryptocurrency for transactions and trading purposes.
Centurion understands that casual users are going to outnumber the specialist users, playing an important role in driving the cryptocurrency’s adoption. It offers them an opportunity to be part of the mining community by providing simple, pre-configured files that can be readily downloaded to start CPU and GPU mining.
In the Roman saga, Centurion was a hero that protected children and just as its namesake Centurion strives to improve the life of children worldwide, one child at a time.
Centurion4Children is donating 5 million Centurion coins to well-established charity organizations. It is also raising funds within the community and through thewebsite. The foundation is already represented in India, as well as Africa and Europe with official charity partnerships being revealed in March, 2017. Centurion4Children’ is currently raising funds for following causes:
• Support a Child and its Entire Family
• Sponsor a Boy
• Safe Water for Children in Development Countries
• Sustainable Schools
To cover promotion costs and to kick-start the donations distributed by Centurion4Children, the coin has reserved 50 Million of its tokens.
The cryptocurrency platform will soon embark on a marketing campaign in association with Cryptonetwork ltd, a Dubai-based entity which has a network of people spread across India, Germany, Italy, Spain and several other countries. They will be involved in various promotional activities, including the sale of products and services for which they will receive rewards in Centurion and Bitcoin. An estimated 20 million Centurion tokens over a period of 5 years has been earmarked for such promotional purposes.
Centurion will donate 5 million of its reserved coins to charity and the remaining 50% will be used to reward early adopters, investors, related projects and talented individuals within the community working to improve the Centurion cryptocurrency.
Centurion is cryptocurrency that focuses mainly on the ease of use, ease of mining and faster transactions. The platform gives importance to existing cryptocurrency users and newbies alike. It has also partnered with Cryptonetwork ltd to increase usage and adoption of Centurion tokens.
Learn more about Centurion at – http://www.centurionlab.org
Learn more about Centurion4Children at – http://www.centurion4children.foundation
Disclaimer: Centurion is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.