OHM Wallet is a fast, secure, and energy efficient digital wallet, where new supply is minted by people holding OHM in their wallet. OHM are fully transferable across the internet on the peer-to-peer network from one user to another in under 2 minutes at almost zero cost. OHM has an Annual Percentage Rate (“APR”) minting reward of 5%. A small nominal transaction fee is also collected from every transaction and given to the minters as a bonus reward to encourage saving and securing the network.
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– Pure POS (Proof of Stake)
– 30 seconds block target
– Difficulty retargets every block
– PoS variable interests:
* 1st year: 20%
* 2nd year: 15%
* 3rd year: 10%
* 4th and subsequent years: 5%
– 4 confirmations for transaction
– 30 confirmations for minted blocks
– Ports: 14700 (connection) and 14600 (RPC)
– 500 million total coins