Specifications

• First block mined at 10PM EST, 13th July 2023
• No premine
• X11GOST hashing algorithm, CPU/GPU/ASIC mining available
• 2.5 minute block time, 5MB blocks, ~56 transactions per second
• Block reward decreases by 7.14% per year
• Dark Gravity Wave difficulty adjustment algorithm
• Between 17.74M and 18.92M total coin supply
• Decentralized second-tier masternode network
• Superior privacy using PrivateSend
• Instant transactions using InstantSend
• Protection against blockchain reorganization events (commonly called 51% attacks) using ChainLocks
• Decentralized Governance By Blockchain allows masternode owners to vote on budget proposals and decisions that affect Hellar

Masternodes

In addition to traditional Proof of Work (PoW) rewards for mining Hellar, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Hellar can offer innovative features in a trustless and decentralized way. Masternodes are used to power CoinJoin, InstantSend, and the governance and treasury system. Users are rewarded for running masternodes; a percentage of the block reward is allocated to pay the masternode network. You can view practical guides on all topics relating to masternodes here.

Masternodes enable the following services:

• InstantSend allows for near-instant transactions. Hellar InstantSend transactions are fully confirmed within two seconds.
• PrivateSend gives financial privacy through a decentralized implementation of PrivateSend.
• ChainLocks, which protects the blockchain against 51% mining attacks by signing blocks as they are mined.
• Governance and Treasury allows stakeholders in Hellar to determine the direction of the project and devotes 10% of the block reward to development of the project and ecosystem.