Neobytes

Neobytes (NBY) is an open-source cryptocurrency designed for efficiency, security, and decentralization.
It leverages the NeoScrypt hashing algorithm, known for its ASIC-resistant properties, ensuring a more equitable mining environment.

How Neobytes Works

Neobytes operates on a hybrid consensus model that combines Proof of Work (PoW) with a masternode network, enhancing both the blockchain’s security and scalability.
This dual-layer architecture supports fast transactions, decentralized governance, and a stable reward system for both miners and masternode operators.

Neobytes Summary

Neobytes was launched in June 2021 as a unique Proof-of-Work (PoW) cryptocurrency, designed to provide a secure, decentralized, and accessible financial system.
Built on the Dash Core 0.12 codebase, Neobytes benefits from a proven and stable foundation, allowing for seamless integration into existing platforms and services.

By combining the security of the NeoScrypt algorithm with the structural benefits of Dash’s architecture, Neobytes offers a reliable and modern cryptocurrency experience.

Technical Stats:
  • Consensus Algorithm: NeoScrypt
  • Total Supply: 168,000,000 NBY
  • Block Reward: 25 NBY
  • Reward Halving Interval: Every 1,680,000 blocks
  • Block Time (Target Spacing): 5 minutes
  • Difficulty Adjustment (Target Timespan): 12 hours
  • Maturity Requirement: 100 confirmations for minted coins
  • Port: 1428
  • RPCPort: 1427
Scroll to Top