SahaCoin is a decentralised and eco-friendly currency with near-instant transaction speeds and negligible transaction fees built upon Proof of Stake
Sahacoin is based on the latest Proof-of-Stake technology. No more power hungry mining that is harmful to the environment like in Bitcoin.
Everyone gets paid to keep the network secure.
Everyone shares the bank history, so its transparent.
The software is open source so you know its safe.
It is anonymous and anyone can open an account.
It is extremely fast, you can send money to anyone in the world within minutes.
Below are some of the few examples why Sahacoin is better than other coins
Users who keep their wallet connected to secure the network via staking will get from 1% to 8% rewards per year (varies according to network weight)
Based on Proof-of-Stake. No more power hungry mining hardware.
Everyone shares the ledger history, so it's entirely transparent.
The software (wallet) is open source, so its safety can be audited.
It is extremely fast, you can send money to anyone in the world within seconds.
Anyone can run the wallet and transact with the same anonymity as Bitcoin. No personal identifying information is required.
Some frequently asked questions about Proof-of-Stake and Sahacoin
SahaCoin is a decentralised and eco-friendly currency with near-instant transaction speeds and negligible transaction fees built upon Proof of Stake
You can purchase Sahacoins on different online exchanges. You could find exchanges with the biggest volumes at Coinmarketcap.com
The smallest units of Sahacoins are called Saharas. One can think of Saharas as the "cents" from Dollars.
Sahacoin implements Proof of Work only during the first 10,000 Blocks. Reward during the PoW phase is 50 SHC per block. Proof of Stake rewards 5 SHC per block. After the 10,000th block, all mining will be based purely on PoS.
For the first 10,000 blocks, mining can be either by PoW or by PoS. Under this hybrid design proof-of-work mainly provides initial minting and is largely non-essential in the long run
Proof-of-Work is a fantastic innovation that formed the backbone of the Bitcoin protocol and by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. This process is very power and hardware intensive and bad for the environment. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself.
You can check the network weight on the bottom right of your wallet or by running the getstakinginfo command from the debug console. Network weight is computed from the last 72 blocks.
Your balance which is staking will be freed after 501 confirmations. You can track progress in the Transactions tab.
Just replace the old binary with the new one. Before upgrading, make sure that you have the lastest backup of your wallet.dat file.
If you send coins from the wallet to other addresses, then you should back it up, since sending can create a new change addresses. If you are not doing anything other than staking and receiving coins to the same address, then you probably don't need to create additional backups.
To send coins is very straight forward.
If you are sending these coins to a friend, exchange or business, then all you will need is their Receive address (known as a deposit address on exchanges).
If your wallet is encrypted, which hopefully it is, you will also need to have your passphrase (encryption phrase) ready as this is required every time you want to send coins out of your wallet.
Pay To: Enter the Sahacoin address of your friend/exchange or business. (These address will also be stored in your built-in address book, where you can label or re-label whenever you wish)
Label: This makes it easier for you to remember who the address belong to, so if you send to an exchange like say Bittrex, type in Bittrex exchange.
Amount: How much SHC you want to send.
Please note that if you are sending coins to an address, make sure that you copy and paste the address in to the Pay To area instead of typing it in.
This will hopefully prevent you from entering an incorrect address.
Like sending coins, receiving them is just as simple. If you have just bought some Sahacoins from an exchange, or are being paid in SHC then you will need to have a Receive Address so that the coins can be sent straight to your wallet. By default you will only have one Receive Address, so just right-click on it and select Copy Address. This prevents you from trying to manually type it out and making errors. Now give that address to whoever wishes to pay you (or exchange). You dont have to use the same address to receive coins for every transaction as creating a new address is very simple. Just click New Address at the bottom and then label it whatever you wish (eg. Donation from site) so you can view individual transaction made to you easier over time.