Welcome to HashCoinX

HashCoinX block time is 1 minute, allowing for faster transaction confirmation compared to Bitcoin's 10-minute block time. This rapid processing ensures a more efficient network, making HashCoinX ideal for everyday transactions and time-sensitive payments. With quicker confirmations, users experience a smoother and more reliable payment experience.

HashCoinX has a maximum block size of 16MB, which is four times larger than Bitcoin's 4MB. This increased capacity reduces network congestion, ensures faster transaction processing, and helps keep fees significantly lower.

The maximum supply is capped at 210,000,000 coins, ensuring scarcity and value preservation. This fixed limit creates a deflationary economic model similar to Bitcoin, helping to maintain long-term value as demand increases. This approach encourages steady growth and stability within the HashCoinX ecosystem.

Block rewards halve every 2,100,000 blocks (approximately 4 years), following a schedule similar to Bitcoin. This halving process reduces the rate at which new coins are introduced into circulation, creating a deflationary effect that enhances scarcity over time. By implementing this model, HashCoinX ensures a predictable and steady decrease in inflation, helping to maintain the value of the coin and incentivize miners in the long run.

HashCoinX uses RandomX, a CPU-optimized and ASIC-resistant proof-of-work (PoW) algorithm to promote fair and decentralized mining, making it accessible to everyday users with standard hardware. Unlike traditional PoW algorithms that favor specialized hardware, RandomX levels the playing field by prioritizing CPU mining. This ensures that anyone, regardless of their equipment, can participate in securing the network and earning rewards. By using RandomX, HashCoinX promotes true decentralization, discourages centralization of mining power, and strengthens the overall security of the network.

The RandomX key changes every 2,048 blocks, approximately every 1.4 days, enhancing security and fairness. This regular key rotation makes it significantly harder for attackers to exploit the network or optimize mining for specific blocks. By changing the key frequently, HashCoinX ensures that no single miner or group can dominate mining, maintaining a level playing field for all participants. This approach not only improves the security of the network but also ensures that mining remains decentralized and resistant to potential ASIC or botnet exploitation.

Yes, HashCoinX supports both SegWit and Taproot from the very first block. These advanced features improve the scalability, security, and privacy of the network. SegWit (Segregated Witness) optimizes transaction sizes by separating the signature data, allowing for more efficient block usage and lower transaction fees. Taproot, on the other hand, introduces more complex transaction types, offering enhanced privacy, better smart contract functionality, and the ability to consolidate different types of scripts into a single signature. By integrating these features from block zero, HashCoinX ensures that it remains at the forefront of blockchain technology, offering users faster, more secure transactions with greater privacy.

The block header structure in HashCoinX is designed for efficiency and security. Each block in the blockchain contains the following fields:

- Version (4 bytes): Identifies the version of the blockchain protocol used. This field allows for easy upgrades and compatibility with future improvements.

- Hash of the previous block (32 bytes): Ensures the integrity and immutability of the blockchain by linking each block to its predecessor, forming a secure chain of blocks.

- Hash of the Merkle root (32 bytes): A cryptographic hash that represents the root of the Merkle tree, summarizing all transactions in the block and ensuring data integrity.

- Time (4 bytes): The timestamp for when the block was mined, providing a chronological order to the blockchain and ensuring that blocks are processed in sequence.

- Target bits (4 bytes): Defines the difficulty level of the block's proof-of-work algorithm, which adjusts the mining difficulty to maintain the network's target block time.

- Nonce (4 bytes): A random number used by miners in the mining process to find a valid block hash. The nonce is incremented until the block's hash meets the required difficulty.

- Height (4 bytes): The block's position within the blockchain, starting at zero for the genesis block and increasing sequentially with each new block.

Altogether, these fields make up 84 bytes of data per block header. The structure is optimized for both performance and security, ensuring fast block processing while maintaining the integrity of the HashCoinX network.

HashCoinX utilizes specific network ports by default to ensure reliable communication and secure connections across different environments. These ports are designated for key functions such as node-to-node communication, Tor support for enhanced privacy, and JSON-RPC for remote procedure calls. Below are the default ports used for each network environment:

Mainnet:

- Nodes: 23140

- Tor: 23141

- JSON-RPC: 23142

Testnet:

- Nodes: 23150

- Tor: 23151

- JSON-RPC: 23152

Regtest:

- Nodes: 23160

- Tor: 23161

- JSON-RPC: 23162

These ports help segregate different network environments, ensuring that HashCoinX operates efficiently while offering flexibility for developers and users to interact with the blockchain securely, whether on the main network, testnet, or regtest environment.

The source code for HashCoinX is publicly available on the official HashCoinX GitHub repository. This allows developers and enthusiasts to explore the inner workings of the cryptocurrency, contribute to its development, or customize it for their own use. The repository contains all the necessary files, including the core code, documentation, and resources to help you understand and interact with the project. By making the source code open-source, HashCoinX promotes transparency, collaboration, and community-driven growth.