Whitepaper Goldiga Network
Introduction
In a world where the race for cryptocurrency mining is dominated by
industrial-grade hardware and mining farms, Goldiga Network emerges as a breath of fresh air, an
egalitarian blockchain designed for everyone. Inspired by the foundational principles of Bitcoin
and the advanced privacy of Monero, Goldiga Network offers a decentralized, fair, and community-driven
ecosystem where mining is accessible to all, from smartphone users to hobbyist PC miners. With
Goldiga Network, the digital gold rush becomes a fun, inclusive, and rewarding experience.
The Vision
Goldiga Network embodies fairness, decentralization, and accessibility. Our mission is to
democratize mining by capping the hashrate per miner, ensuring that no individual or entity can
dominate the network. This unique approach makes it possible for anyone, anywhere, to participate
meaningfully in the blockchain economy using just a smartphone or a basic computer. Our inclusiveness extends to the unbanked and high growth potential emerging economies.
At its core, goldiga (GDG) is more than just a cryptocurrency. It's a movement, a meme and a
strong community where everyone, regardless of their origin, their beliefs or their purchasing
power, has a rightful place.
Key Features
1. Fair Mining for All
- Hashrate Limitation: Goldiga Network's consensus enforces a maximum hashrate per miner, leveling the playing field.
- Device Inclusivity: Designed for mining on smartphones, PCs, and low-power devices.
- Community-Centric Mining: Rewards are distributed equitably, fostering trust and participation.
2. Advanced Technology
- Proof of Work: Powered by RandomX, optimized for CPU mining.
- Enhanced Privacy: Transactions are shielded using privacy-preserving features inspired by Monero's RingCT.
- Blockchain Integrity: Robust mechanisms reject blocks mined by hashrate violators, ensuring network trustworthiness.
3. Engaging Ecosystem
- DAO Governance: One goldiga (GDG) = One Vote. The community steers the project's future.
- Tokenomics: A fair distribution model, with a focus on rewarding miners and active contributors.
- Fun and Accessible: The spirit of a meme coin with the substance of a serious blockchain.
Technical Overview
1. Mining
- Hashrate Monitoring: Goldiga Network's nodes track and validate the hashrate of miners, ensuring compliance.
- Reward Model: Mining rewards are designed to incentivize honest participation and node operation.
2. Blockchain Design
- Hashrate Declaration: Miners include their hashrate in every block submission.
- Consensus Mechanism: RandomX-based Proof of Work, tailored for decentralization and energy efficiency.
- Node Synchronization: PC miners must run a local node, promoting decentralization and network resilience.
3. Tokenomics
- Token Limit: The total supply is capped at 21 million goldiga (GDG) coins.
- Tail Emission: Once the cap is reached, miners receive a small fixed reward (e.g., 0.1 GDG per block).
- Premined Allocation:
- Team & Development costs: 10%
- Early Investors & CEX: 10%
- Airdrops : 5%
- Community DAO: 5%
- Mining Rewards:
- 70% of goldiga coins are reserved for miners
- Initial block reward : 40 coins
- base_reward = ( remaining supply ) > > 19 with a minimum of 0.6 coin until 21M of circulating supply.
- Block time target : 2mn
- Halving every 210 000 blocks (in project, will be decided by the community)
- Tail emission : 0.1 coin/block (0.125% inflation first year, degressive)
Use Cases
Decentralized Mining:
- From hobbyists to tech enthusiasts, Goldiga Network's inclusive mining model empowers everyone to help secure the network.
Community Governance:
- Through the DAO, goldiga (GDG) holders can vote on network upgrades, tokenomics adjustments, and community initiatives.
Digital Transactions:
- Fast, private, and secure transactions backed by Goldiga Network's privacy features and scalable infrastructure. Low dynamic transaction fees for users similar to Monero's.
Inspiration and Philosophy
Much like Bitcoin's genesis as a decentralized alternative to traditional finance, Goldiga Network aims
to democratize access to mining and governance. With a playful nod to meme culture, Goldiga Network embraces
humor and creativity while staying grounded in its mission of fairness and accessibility.
Join the Revolution
Goldiga (GDG) isn't just a cryptocurrency; it's a movement, a call to action for fairness, accessibility,
and fun. Whether you're a tech-savvy miner or a curious beginner, Goldiga Network welcomes you to shape the
future of decentralized finance. Together, we can make mining inclusive and rewarding for all.
"Goldiga Network: Digging for digital gold has never been this fun, fair and fabulous."
Giltiga
