What is DAPS?
DAPS aims to become the new standard of privacy in altcoins. To enact this vision, the specs of DAPS were carefully crafted to create a unique coin protocol for the crypto world, with the ultimate goal of mass adoption.
DAPS stands for Decentralized Anonymous Payment System. DAPS plans to revolutionize the blockchain world by merging previous successful, stress-tested protocols into a premiere privacy package. The DAPS chain will feature staking, Masternodes, full obfuscation (RingCt, Stealth addresses and Stealth transactions), and a unique work algorithm named Proof-Of-Audit. The goal of PoA is to maintain the Trustless standard of public blockchains, while being able to utilize end-to-end obfuscation. DAPS Coin hopes to introduce a new standard of Trustless governance, able to be expanded to other chains. The DAPS Project is a worldwide organization dedicated to building the DAPS coin mainnet and expanding cryptocurrency to mass audiences. Innovative outreach and measures to build a real-world ecosystem are just part of our vision. Financial privacy is not a privilege, it is a right. We hope to make a lasting impact not on blockchain, but the world. DAPS is more than a coin, but a culture.
Block verification: PoA/PoS/MN
Proof-Of-Audit algo: Unique
Proof-of-Stake algo: PoSV3
Block time: 1 minute
Block reward: 1050 DAPS
Founder Fee per block: 50 DAPS
Founder fee [block fee] usage: Development fund
EFFECTIVE BLOCK REWARD: 1,000 DAPS
BLOCK REWARD SPLIT: 900 MN/PoS, 100 reserved for PoA miners
SEE-SAW MN/PoS REWARD:
60/40 MN/PoS reward split, rebalance up to maximum of 40/60 MN/PoS
DAPS INITIAL COIN SUPPLY: Maximum 60,000,000,000
BLOCK EMISSIONS LIMIT: 10b
Years of emissions: ~16 years
Approximate annual inflation: 4-12% [Staking; factor of difficulty+luck], or ~550 million DAPS per year until 10b emissions cap is reached.
MASTERNODE COLLATERAL: 1,000,000 DAPS
CONFIRMS TO SPEND: 4 blocks
CONFIRMS TO STAKE: 100 blocks
Development allocation: TBD
Proof-Of-Audit – Our unique on-chain solution to the trust problem of private crypto networks.
RingCT – Implement the world’s leading privacy protocol, and enable all features since Trust issue will be addressed.
Bulletproofs – Short non-interactive zero-knowledge proofs that require no trusted setup.
PoSv3 – Fair and more energy-efficient version of Proof of Stake.
Masternodes – use 24/7 online collateralized nodes to augment chain and work as service nodes.
Multinodes – More than 1 Masternode per instance.
Stealth Addresses – Mandatory stealth addresses.