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{{#seo:
|title=Netcoin (NET) – Price Review, Mining, Wallet – zaoniaoWiki
|keywords=Netcoin, NET, coin, price, news, mining, wallet
|description=What is Netcoin? What are it's technical features? Algorithm of Netcoin
}}
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[[File:NETCOIN TRANPARENT 3-INCH 4WEBno-shadow-300x257 (1).png|300px|right|Netcoin logo]]
'''Netcoin''' ('''NET''') is a global [[cryptocurrency]] that was created in September, 2013. Originally based on Litecoin’s core, it has since been developed and upgraded to include custom coin code making it unique from every other [[crypto]] coin.

==NetCoin Review==
{{#ev:youtube|g0Q5pVNYATI|500|right|Netcoin and Netcoin Foundation – Review}}
Netcoin was originally developed from a hybrid of [[Litecoin]] and [[Peercoin]]. Since then, it has grown and been developed to meet the demands of the community, including extensive custom coin work including Personal Investment Rate (PIR) and Open Wallet Incentive (OWI).

'''Personal Investment Rate''' is a unique code to NET coin that helps protect the users, coin, and reward everyone who holds NET coins and actively participates in securing the [[Network]].

'''Open Wallet Incentive''' is a new algorithm designed by Netcoin core team to provide incentive for NetCoin users to participate in staking more by keeping their wallets open. OWI continues to reward users for their ownership and activity of NetCoin. What sets OWI apart is the ongoing reward (or interest rate) that’s applied. Rather than having a static reward that stops, NETs continues to reward (that declines with time).

How it works: Users should stake once each month to earn highest possible rewards. This incentivises running full nodes to increase POS [[security]]. The coin percentage slows after 1 month with an aging half life of 90 days.

Netcoin was one of the first to not have a premine. This means that the [[developers]] of the original coin code made announcements of the coin’s release, and did not [[mine]] any coins before the official launch. Often, coin creators would premine a number of coins for a myriad of reasons (often, so that they could ensure they would be able to sell those premined coins and make some profits immediately).

Netcoin was one of the first coins created to not use pre-mine as an Initial Distribution method. In the past, coin creators would pre-mine (pocket for themselves essentially) a number of coins for a wide myriad of reasons with the ultimate goal of trying to make profits immediately. These crypto-currencies we like to call Scam Coins in the biz. With Netcoin, the developers of the original Coin Code made announcements of the coin’s release, and did not mine any coins before the official launch.

===Netcoin mining===
Netcoin is a PoW/PoS [[Scrypt]] hybrid:
* 120 second [[block]] time
* 15 POW [[coins]]/block
* [[Difficulty]] re-targets every block
* POW rewards are static @ 15 coins per block

Netcoin Implemented PoS after input from the community.

====PoS SPECS====
* 120 seconds block time
* 1 hour minimum age
* 30 day max age
* 6 confirmations for [[transactions]]
* 50 confirmations for minted [[blocks]]
* 90 day half life for non active staking

====Mining pools====
There is a list of Netcoin mining pools from the official website:
* http://ispace.co.uk/ (Both PoW and PoS Netcoin mining pool)
* https://www.mining-dutch.nl/pools/netcoin.php
* http://ghettomining-co.in/net/coin/index.php
* https://stakeminers.com – POS Netcoin mining pool
* https://btcpop.co/Staking

===Netcoin Exchange===
There is a list of exchanges, which support Net coin trading:
* [[Cryptopia]] – NET/BTC, NET/LTC, NET/DOGE
* [[Novaexchange|NovaExchange]] – NET/BTC , NET/LTC, NET/DOGE , NET/ESP2, NET/ETH
* TradeSatoshi – NET/BTC , NET/LTC, NET/DOGE , NET/USDT, NET/BCH
* Cryptohub – NET/BTC , NET/WAVES
* BTCPOP exchange – NET/BTC

===Netcoin Wallet===
On the NET coin website there is an official Netcoin [[Cryptocurrency wallet|wallet]] to store coins. It is available to download for Windows, Mac OS, Linux platforms.

===Netcoin Price===
The BitcoinWiki provides you with a relevant Netcoin price and market capitalization:
<div style="display:none"><div id="coinmarketcap-bitcoin"></div></div><div class="coinmarketcap-currency-widget" data-currencyid="75" data-base="USD" data-secondary="BTC" data-ticker="true" data-rank="true" data-marketcap="true" data-volume="true" data-stats="USD" data-statsticker="false"></div>

==See also==
* [[ICO Telegram]]
* [[Goldcoin]]
* [[R3CEV]]
* [[WEI]]
* [[Hal Finney]]

==External links==
* [http://netcoin.io Netcoin (NET) website]
* [https://www.reddit.com/r/netcoin/ Netcoin on Reddit]
* [https://twitter.com/Netcoin_Net Twitter]
* [https://bitcointalk.org/index.php?topic=295616.0 Netcoin – BitcoinTalk forum]
* [https://coin360.com/ NetCoin price and market state on Coin360]

[[Category:Alternative cryptocurrency]]

NetCoin - Revision history

Admin: Created page with "{{#seo: |title=Netcoin (NET) – Price Review, Mining, Wallet – zaoniaoWiki |keywords=Netcoin, NET, coin, price, news, mining, wallet |description=What is Netcoin? What are..."