Atheios was launched on the mainnet on Saturday, 12th May 2018, around 16.00CET and it is a truely community driven coin. The launch went flawless, as it was tested before with a test network.
What is the purpose of Atheios
As Atheios is based on smart contracts, the intention is to develop and connect the network in a game industry context. With the network being established there can be interesting scenarios to us ATH as currentcy in gaming, as baseline for new tokens or as an asset store.
- PoW podcast with Berran https://bit.tube/play?hash=Qmf1JoLVUM6qYYhkSjXYABmVpKCmia6HfoyiiCMKCbTbN5&channel=20427
Who stands behind Atheios
Atheios has been founded and is activly developed by the Atheios community. It is very important to understand that this chain is owned by noone and open. Currently the team consitst of 11 members. There are several areas with will be more visible:
- Chain development
- Exchanges and external services
- Communication and social media
As one can see there is some overlap between the different areas as we work as a cross functional team. But for sure you can find us on discord if you want to have a chat...
What is it based on
Atheios is an Etherium fork and has been forked from Gubiq v1.5.12. Ubiq describes itself as open-source, permissionless smart contract platform with a focus on stability and reliability. Atheios uses the Dagger Hashimoto algorithm and can be mined with any of the miners also used for ETH or ETC.
Some Blockchain info
The block length of the Atheios blockchain is 20 seconds. That means each 20sec a block is found and rewarded with ATH. A developer fund is established, which is 15% of the block reward. This is approx. the same amount Apple is putting yearly into R&D. The block reward will change, see monetary policy.
Depending on the hashrate, the difficulty is constantly adjusted. In order to adjust Atheios uses the Flux Difficulty Algorithm. This code has been introduced by the Ubiq implemention. As miners enter and leave the network, processing power fluctuates. At times the difficulty level may be too easy, and the block time will drop below the 20 second target block time. Other times, the difficulty may be too hard and the block time will slow down past 20 seconds. There are many difficulty adjustment algorithms in blockchain for solving this problem. However, some work better than others. They can create a lot of volatility in block time. Ubiq’s Flux Difficulty Algorithm seeks to smooth out the volatility.
Depending on the block height the block reward is changing over time, as outlined on the side. This will mean that from start the block reward will over time reduced from 12 to 1. So specifically in the beginning mining is incentivised. At the same time there is a developer fund, which is used for different community incentives, advertising or exchange listings.