Scrypta Blockchain

Scrypta is a distributed platform aiming to redefine business models and relationships between citizens, businesses and governments, making data unique, immutable, traceable and non-falsifiable.

Blockchain Technology

Distributed Ledger and P2P Network

The Scrypta blockchain consists of two key elements: a distributed database and a decentralized network.

These two entities compose the distributed ledger on which information and values ​​are recorded. Each entity taking part of the Scrypta network has an identical copy of the ledger. Any ledger modification made is immediately reflected in all available copies.

Nodes

Every Blockchain member node consists of each Scrypta network connected users computer.

Transactions

Transactions are the exchanged values that must be verified, approved and archived.

Blocks

Scrypta regulating algorithm creates a new block every 60 seconds. Blocks contains transaction sets, grouped to form the different links in the chain.

Public Ledger

It is the ledger in which all transactions are written orderly, sequentially and unchangeably with the utmost transparency.

Features

The Scrypta algorithm settles the generation of new Lyra at each block. New Lyra coins are assigned as rewards to the network members through a Masternode/PoS consensus protocol.

  • Masternodes

    Masternodes are 24/7 online servers, acting as Scrypta blockchain validators. Masternodes receive rewards in LYRA to encourage their operativity. Rewards can be intended as a calculable and predictable passive income. Operating as a masternode validator requires the ownership of 15000 LYRA.

  • Staking

    Thanks to the Proof of Stake protocol, each creator of a new block is chosen deterministically according to his 'wealth'. The Scrypta Consensus algorithm selects a validator every 60 seconds and assigns the due rewards ('stake') to him, allowing him to create a single new block. In other words it means that the digital wallets of the network mint new coins generating a passive income.

  • See-Saw Mechanism

    In order to allocate prizes efficiently, Scrypta adopts a system that dynamically changes the ratio among masternode rewards and staking rewards. The See-Saw mechanism allows all Lyra owners to be rewarded while holding value and performing the function of 'node', thus obtaining a fairer and less centralized system.

Tech Specs

TICKER

LYRA

ALGORITHM

QUARK

COIN TYPE

MN/PoS

BLOCK TIME

60 sec.

MAX SUPPLY

50M LYRA

RPC/P2P PORTS

42223 / 42222

MASTERNODE COLLATERAL

15.000 LYRA

MINIMUM STAKE AGE

60 min.

Scrypta Block Explorer

BlockExplorer is the tool to explore blockchain blocks and their extraction, to obtain information on addresses and transactions and to know the status of Scrypta Blockchain.