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[SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple. Fast

Postby SPARTA.TOP » Tue May 01, 2018 9:10 am

SPARTA is a new cryptocurrency that uses blockchain technology and was created by a team with 3 years of cryptocurrency experience and 6 years’ experience managing large projects. The team has united behind the idea of creating a new society of free and happy people.

The name SPARTA is derived from the words: “SPArk” + “Target”. SPARTA is a new spark in the cryptocurrency world. We seek to represent progress, development and forward movement. Our spark is “targeted” at creating new financial relations that are decentralized, honest, and fair.

SPARTA cryptocurrency is also named after the eponymous state in ancient Greece. Sparta exemplified the ideal state described by the philosopher Plato. We want to make SPARTA cryptocurrency as simple and clear as possible. Like the ancient Spartan city-state, SPARTA is striving to be ideal, but in the world of cryptocurrencies.

Our slogan: “Simple. Fast. Reliable”
“SPA” is the abbreviation for SPARTA tokens.

Features and Characteristics:

- The fee is as low as possible and changes depending on the amount of time that has elapsed since the launch. It was introduced solely for the purpose of protecting against spam transactions.
- Forging and proof-of-stake. The operation of the network can be supported by ordinary computers.
- Worthwhile reward for forging. A miner who creates a block is rewarded with the sum of all the transaction fees in the block. If certain conditions are satisfied, a miner also receives a guaranteed reward in the form of newly created SPA tokens.
- The reward per block changes every 500,000 blocks. The initial reward is 8,000 SPA for each block.
- To protect against malicious users, tokens affect the ability to create blocks only one day after they have been credited (1,440 blocks).
- Protection against 51 % attacks, nothing-at-stake attacks, and other malicious actions.
- Transactions are deemed safe after 10 confirmations (10 minutes).
- Blocks are generated once per minute.
- There are 888 transactions in 1 block.
- The network capacity is as follows: 14.7 transactions per second; 888 transactions per minute; 53,280 transactions per hour; and 1,278,720 transactions per day.
- The total number of tokens will be 8,888,888,888 (~ 9 bln). Of these, 10% or 888,888,888 (~ 900 mln) are part of the premine. All coins will be issued for circulation on stock exchanges, and the proceeds will go toward growing the cryptocurrency.
- The issue will not end before 2025.
- A mnemonic seed (mnemonic phrase), a set of several unrelated words, is used to generate the address.
In the SPARTA network, addresses start with “SPA”. For example, SPA1APoGEhZF6spoqniQn8rBVAz2WgNoaUuw
- Apella (APL) is the smallest fractional unit of the cryptocurrency, equal to one 100 millionth (0.00000001).

Forging:

Create a wallet: https://wallet.sparta.top
Download the forging application: https://sparta.top/sparta-1.0.0.jar

SPARTA uses the proof-of-stake concept, which means that account balances are used for forging instead of computing power (as is the case with mining based on proof-of-work). SPA tokens (coins) are used instead of processors and video cards.

To start forging:

1. Create a SPARTA wallet and deposit SPA tokens in your account. A minimum of 888 tokens is required to start forging.
2. Run the special application on your computer. After the application is started, it automatically begins supporting the SPARTA network. When a block is created successfully, you receive a reward.

The chances for creating a new block are distributed among all network participants based on a special formula depending on the balance amount at their addresses. The more SPA tokens in the account, the more chances to create a block.

The reward for creating a block depends on the number of coins in the user account:

- If a miner has between 888 and 999,999 SPA (inclusive) in the account, he or she receives only with the sum of transaction fees.
- If the miner has SPA 1,000,000 or more in the account, he or she receives with the sum of transaction fees and newly created SPA tokens.

Thus, miners in the first category support the network, but miners in the second category also help the cryptocurrency grow by investing at the initial stage. Accordingly, these miners get more profit.

To avoid centralization, all miners with balances of 1,000,000 SPA or more have the same changes of creating a new block. That is, if one miner has SPA 1,000,000 and another has SPA 25,000,000, their chances of creating a block are the same.

Miners who have more than SPA 1,000,000 are recommended to divide their coins and forge on different servers and in different locations — countries, cities, etc. Doing this is much more useful for the SPARTA network. The SPARTA network automatically tracks and punishes unscrupulous miners using several computers with balances over 1,000,000 SPA in a single location to enrich themselves rather than develop the network.

A new block is created every minute. So a miner gets a chance to create new SPA tokens every 60 seconds. The reward for a block changes depending on the total number of the blocks created (i.e. based on the elapsed time).

Check out our website on https://sparta.top/about-sparta.html for more details on the reward for a block.

Vision:

Our goal is to launch a new stage in the evolution of cryptocurrencies. SPARTA will let cryptocurrency technology more easily and quickly become part of our lives in order to create new financial relations that are decentralized, honest, and fair. This is the future we see!

With its clear advantages, SPARTA technology will bring cryptocurrencies to a whole new level. All of its benefits, convenience, and simplicity make it easy for everyone to use digital money. People can use SPARTA to gain independence from banks and easily make money from home.

In time, people will recognize the advantages of SPARTA cryptocurrency over conventional money and will begin to use it widely. As a result, financial relations in society will change radically and become honest and fair. Accordingly, the whole world will become honest and fair. This is the ultimate goal we are pursuing!
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Tue May 01, 2018 9:46 am

Road map:

- Listing on exchanges and p2p platforms.
- Listing on cryptocurrency monitoring websites ([url]coinmarketcap.com[/url])
- Forging calculator.
- Desktop wallet:
-- MacOS,
-- Linux,
-- Windows,
-- Chrome OS.

- Localization of the website, wallet, and blockchain explorer into 11 languages.
- Creation of a compiled node for all operating systems:
-- Windows,
-- MacOS,
-- Linux,
-- Chrome OS.

- Real-time network graphs and statistics.
- Wallet for mobile devices:
-- Android,
-- iOS,
-- Windows,
-- Blackberry.

- Creation of our own hardware wallet or support for existing hardware wallets.
- nLocktime transactions. They can be used and confirmed by the network only after a certain period of time. This is very convenient for decentralized exchanges.
- Multiple signatures are an additional protection against scammers who try to steal wallet data to perform a transaction. A network participant can specify several other network trusted participants. When a transaction is created from the participant’s address, his or her proxies will receive a request to confirm or reject the transaction. In other words, transactions will not be approved without their permission. You decide whether your wallet requires multiple signatures.
- Ability to use several addresses (hd-wallet) for one wallet. BIP-31/BIP-44.
Dynamic block resizing to support network scalability without a hard fork.
- Ability to dynamically change the block generation frequency, so that network scaling, if necessary, will not require a hard fork.
- Ability to dynamically change the number of transactions in 1 block, so that network scaling, if necessary, will not need a hard fork.
- Local exchanges/offices to exchange cryptocurrency, job positions for promoting cryptocurrency through seminars and presentations.
- Creation and operation of crypto-ATMs.
- Development of a mini-computer with an automatic update system to serve as a home node.
- Our own cryptographic wallets that can be used to withdraw and deposit fiat money through crypto-ATMs all over the world.
- Support for VISA/MasterCard cards. The card balance will be displayed in SPA. But if the account holder wants to withdraw cash, funds will be converted automatically to fiat currencies at the current exchange rate. Such cards will be especially helpful in low-income countries with unstable national currencies, whose residents lack bank accounts.
- Advertising platforms that award an SPA for guessing the CAPTCHA or performing some other action, similar to Bitcoin faucets, which give out a few Satoshi for comparable actions.
- Popularization and introduction of cryptocurrency not only on exchanges, but also in other areas.
- Software for “paper” wallets.
- Atomic cross-platform transactions (swaps) between cryptocurrencies.
- Additional network to safely synchronize and update wallet settings.
- Ranking among the top 100 cryptocurrencies.
- Preparation of other promotional materials, including 2 videos on cryptocurrency: a promo and technical details.
- Creation of a .onion site and a node for the TOR browser.
- Smart contracts and smart assets.
- Crowdfunding for systems using SPA.
- ICO platform using SPA.
- Blockchain-based platform for decentralized peer-to-peer lending.

Resources, source code, and useful materials:

- Official website: https://sparta.top;
- Web wallet: https://wallet.sparta.top;
- Forging application: https://sparta.top/sparta-1.0.0.jar;
- Blockchain explorer: https://blockchain.sparta.top;
- API for connecting to exchanges: https://api.sparta.top;
- Official Telegram channel: https://t.me/SPARTAcore;
- Official Twitter page: https://twitter.com/SPARTA_core;
- Official Facebook page: https://www.facebook.com/Sparta-Simple-Fast-Reliable-144359956205380;
- Open source code: https://github.com/spartacore/sparta/releases/tag/v1.0.0;
- Whitepaper: https://sparta.top/SPARTA_Whitepaper.pdf;
- Marketing kit: https://sparta.top/SPARTA_MK.pdf;
- Presentation: https://sparta.top/SPARTA_presentation.pdf;
- Brand book: https://sparta.top/SPARTA_Brandbook.pdf;
- FAQ: https://sparta.top/SPARTA_FAQ.pdf;
- Branded products: https://sparta.top/SPARTA_branded.pdf.

Summary:

SPARTA and blockchain have infinite potential. With its clear advantages, SPARTA technology will take cryptocurrency to a whole new level. As a result, financial relations in society will change radically and become honest and fair. Join us now!
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Thu May 03, 2018 7:11 am

Description of SPARTA's main advantages:
Convenience and accessibility for all



The SPARTA website and wallet are as user friendly as possible. The features are simple. Anyone can figure out how to use them. SPA can be exchanged at any time for fiat money through exchanges or trading platforms. You can do this now on the SIGEN.pro platform, BTC-Alpha exchange or through the built-in exchange on our website https://sparta.top/.

So if you want to buy SPA, you can do so in a few clicks. And if you need money to buy stuff, you can easily trade SPA for fiat money or other cryptocurrencies. And you can do whenever you want.

Moreover, the SPARTA network has no social, national, government, religious, political, or gender limitations. It doesn't matter how old you are, what you do for a living, or what your level of education is. You don't need to study at a university, pass exams, or get a license. SPARTA is available to everyone.

SPARTA is used with equal success by people from countries around the world regardless of their gender, nationality, religion, social status, or political views. Cryptocurrency users are a diverse group with entirely different interests and traits. SPARTA equalizes the rights of all users and unites them in what matters most: building free, honest, and fair financial relations.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Fri May 04, 2018 7:10 am

Description of SPARTA's main advantages:
Proof-of-Stake


Bitcoin and most other cryptocurrencies use the Proof-of-Work (PoW) concept. This was the very first technique used, and it happened to bring a lot of issues with it. However, SPARTA uses Proof-of-Stake (PoS), so here this process is called forging, not mining. What's the difference?


In the case with Proof-of-Work, mining requires considerable and expensive computing power as well as huge monthly electricity costs. In search of profits, miners keep buying powerful specialized hardware that costs a huge amount of money. Miners began to pool their powerful resources, thus pushing ordinary people out of mining. This leads to centralization, which cryptocurrency was specifically designed to fight against.

In the case with Proof-of-Stake as a forging tool, the user account balance is used instead of computing power. SPA tokens (coins) are used instead of processors and video cards. Each token is a forging tool. Thus, forging is more convenient and simpler than traditional mining, because a regular computer is powerful enough. As a result, this method is available to ordinary people and does not promote centralization.


In the SPARTA network the probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block and receiving a reward.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Tue May 08, 2018 12:18 pm

Description of SPARTA's main advantages:
Protection against inflation


Nobody can create an unlimited number of SPA. The same can't be said about dollars. There are no printing presses here. National currencies lose 1-20% of their value (sometimes more) each year. But SPARTA, like gold is backed by a limited volume. An arbitrary number of SPA tokens cannot be printed. This protects the network from inflation.

Tokens will be produced solely through the forging process until the maximum quantity of 8,888,888,888 (~9 billion) coins are produced. Then production will cease. This will take place no earlier than 2025.

The cryptocurrency exchange rate is governed only by the market. Because SPARTA has so many advantages over banks and other cryptocurrencies, and because cryptocurrencies as such are constantly becoming more popular, the SPA exchange rate is also expected to grow.

The dollar and other fiat money is subdivided into hundredths (a minimum of 0.01 USD, i.e. one cent), but the SPARTA is subdivided into millionths, i.e. Apella (1 Apella = 0.00000001 SPA).

Thus, people will always be able to buy and use SPA at any exchange rate. Even if SPA coins become worth 1 million USD each, people will still be able to buy a certain amount of SPA for 1 cent.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Thu May 10, 2018 8:41 am

Description of SPARTA's main advantages:
High capacity, fast transactions


Bank transfers may take 3-5 business days. Transactions in SPARTA are instantaneous, and transaction confirmations only take 1 minute.

The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.

The network capacity is as follows:
14.7 transactions per second;
888 transactions per minute;
53,280 transactions per hour;
1,278,720 transactions per day;
8,951,040 transactions per week;
38,361,600 transactions per month;
466,732,800 transactions per year.

You can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day. SPARTA transactions four times as fast as Bitcoin.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby Squall1066 » Thu May 10, 2018 12:33 pm

thanks for the sparta updates, I have created a sparta (SPA) section you can moderate if you need, good luck on your project.
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