STRAKS Release 1.14.5.0

SegWit and SegWit2x active, Lightning Network compatible, Atomic Swap compatible and an increased non-SegWit block size of 4MB; introducing the the first Masternode enabled digital currency based off core Bitcoin version 0.14.2. STRAKS endeavours to eliminate unwanted transaction malleability through SegWit activation from day 0; solves capacity constraints suffered by Bitcoin and it's peer group through a larger non-SegWit block size and increased signature operations - effectively introducing SegWit4x; is Lightning Network compatible - supporting instant payments, scalability, low cost and cross blockchain transactions; proposes a fair distribution through a Zero Start Instamine Protection (ZSIP) policy and Zero Start Masternode Reward (ZSMR) policy; introduces a new unique Masternode payment re-balancing algorithm, labelled Reactive Equilibria (REV1); and furthermore, implements a modified version of the new effective D106 difficulty re-targeting algorithm


Version: 1.14.5.0 (Initial)
Block Size: 4 MB
Max Block Size Serialized Size: 16 MB
Proof-of-Work Algorithm: Lyra2rev2
Block Time: good first issue seconds
Coin Maturity: 100 blocks
Transactions Per Second: 133 (Bitcoin: 3, Bitcoin Cash: 27, Dash: 13)
Transactions Per 24 hours: 11,520,000
Difficulty Retargeting: New D106 Algorithm
Maxmium Coin Supply: 150 Million
Treasury Funding: 5% Per Block
SegWit: Active
SegWit2x: Active
SegWit4x: Active
Lightning Network: Compatible
Atomic Swaps: Compatible
Masternodes: Enabled
Masternodes Collateral: 50,000 STAK
Masternode Reward: Rebalancing via New Reactive Equilibria (REV1) Algorithm
ZSMR: Explicit Masternode Decentralisation Promotion [Zero Reward to Block 50400]
ZSIP: Zero Start Instamine Protection [7 Days: 10080 Blocks]

Introducing STRAKS

Introducing a new decentralised, open source, community driven digital currency, focusing on e-commerce utility.

The name is a Danish word, that has never been used in any cryptocurrency context until now. It means quick/immediate - referring to the focus that we have on ensuring that transactions are as fast as can be and to be the most efficient cryptocurrency for e-commerce utility in the sector. The currency unit of account is STAK, along with its exchange ticker.

E-Commerce

Global e-commerce sales are projected to reach $2.2 trillion for 2017 and to increase two-fold by 2021 to $4.4 trillion. STRAKS seeks to position itself as a competitive altcoin for e-commerce application. This will be achieved through developing and implementing relevant technology that facilitates e-commerce transactions as smoothly as possible. We will always strive to create partnerships and increase real-world utilisation.

Open Source

STRAKS is open source. Anyone is free to contribute to STRAKS’ development and make a pull request through Github. Further details making community contributions as smooth as possible, will become available in the future on the new website.

Decentralized Ownership

Ownership and access rights are decentralized. This ensures that the long-term application and longevity is not dependent on a single individual any longer. This safeguards not only STRAKS' future, but also your investment and partnerships.

Community Orientated

One of STRAKS core values is being community oriented. Rest assured knowing that the STRAKS foundation team will always strive to collect feedback and suggestions from the community and evaluate the input.

With the upcoming STRAKS-vote you will be able to not only propose ideas publicly to all STRAKS holders but also vote on what needs developing or prioritising next. Look out for STRAKS-vote on the Roadmap.

Speed & Privacy

Speed and privacy are core concerns for users today as well as e-commerce businesses. To ensure that STRAKS is as effective as possible for e-commerce application, STRAKS will maintain a high focus on increasing anonymity and most important on increasing speed of transactions - to always be at the forefront.

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