Description: Novacoin (NVC) is a decentralized digital network based on an open-source, peer-to-peer internet progocol. Novacoin operates based on hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) block generation methods with separated target limits.
History: Novacoin was introduced in early 2012 by a high-powered team led by developer Balthazar.
Maximum coins: 2 billion
Mining parameters: 10-minute stake spacking; 30-minutes PoW spacing, and a balanced PoW blocks and PoS weighting.
Despite sharing the same block time with Bitcoin, NVC rewards are much lower, at 9.38 coins per block.