ExchangeCoin blockchain is built on a Proof-of-Work + Proof-of-Stake hybrid consensus. We decided to use the Equihash (N=144, K=5) Proof-of-Work algorithm to make our blockchain ASIC resistant. That way we can ensure that every EXCC supporter can actively participate in securing transactions by mining. We avoid the issues of centralization of computing power (work) by a single actor, as has occurred on other blockchains.
On EXCC a new block is created approximately every 150 seconds. The initial block creation reward is 38 EXCC for each block.This reward is split between miners and stakers in the proportions below:
- 70% to PoW miners;
- 30% to PoS stakers.
EXCC team manage and support an official EXCC PoS mining pool that is available at pool.excc.co
We recommend using LolMiner software as it has been optimized by the creator to mine EXCC with the best efficiency.