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BitQuark is the result of merging Bitcoin with the super secure hashing power of Quarkcoin. BitQuark uses Bitcoin's distribution method with the addition of 0.5% annual inflationary after the initial 21,000,000 BitQuark's have been mined. It uses the super secure 'quark' algorithm made up of 9 rounds of hashing from 6 hashing functions (blake, bmw, grøstl, JH, keccak, skein). 3 rounds apply a random hashing function. BTQ has a block time of 30 seconds and block rewards of 2.5 BTQ per block. The block rewards will never fall below 0.1 BTQ. Retargeting every block via DarkGravityWave3 and halving every 4 years. BTQ is CPU/GPU mined and ASIC resistant, so anyone can mine it without the need of running expensive high-end hardware.
Genesis Date: 2015-04-09