[SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

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SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

[SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Fri Mar 23, 2018 8:28 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!

Road map:

Listing on exchanges and p2p platforms.
Listing on cryptocurrency monitoring websites (coinmarketcap.com)
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- ... 956205380;
Open source code: https://github.com/spartacore/sparta/re ... ag/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!
User avatar
CSZiggy
Posts: 601
Joined: Wed Jan 31, 2018 2:44 pm

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby CSZiggy » Fri Mar 23, 2018 12:45 pm

Proof of stake....PASS.
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Thu Mar 29, 2018 7:46 am

Private and public keys

Each SPARTA user has 2 keys: a private key and a public key. What are these keys?

● Let's consider the private key. When you create a wallet, you automatically generate a secret mnemonic phrase, which is a set of several random unrelated words. For example, a mnemonic phrase might be "force silence flight coward silent peace party drink trust weary doom also". This phrase becomes both your username and password for the wallet. It is used to generated your private key, which is not visible to anyone. Roughly speaking, you can think of your mnemonic phrase as your private key in the SPARTA network. You must safeguard this phrase and never tell it to anyone. Anyone who knows your mnemonic phrase can spend your SPA.

● Now let's consider the public key. Your public key is your SPARTA address, which is used to receive transfers. Roughly speaking, this is like a bank card number. It's enough to receive coins in a wallet, but not enough to send coins to someone else. An address (public key) looks something like this: SPA1HpYNoLDcEsNhblwn

Anybody can create several wallets in the SPARTA network, which means that anyone can have several pairs of private and public keys.

For Twitter

A SPARTA user has 2 keys: private and public. The private key is not visible to anyone. It is generated from a mnemonic phrase. Anyone who knows the phrase can spend your SPA, so keep it a secret. The public key is your address in the SPARTA network, which you use to receive coins.
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Fri Mar 30, 2018 5:53 am

Forging (mining) and network security

Since cryptocurrency does not belong to any state, companies or banks, it is mined and its security is supported by users themselves through installation and running special software. The process of cryptocurrency mining and maintaining safe operation of the network is commonly referred to as mining, and those who are involved in this process are called miners.

SPARTA uses Proof-of-Stake (PoS), so here this process is called PoS-mining, or forging. Mining and forging in essence are the same. The difference is that mining requires powerful computers while forging is not based on computer power, but on user account balances.

To support the operation of the SPARTA network, participants install and run special software, thus receiving a chance to create a new block on 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.

When a miner creates a block, he or she receives a reward. The reward consists of:

Fees on transactions within the block.
An additional reward of SPA tokens for creating the block.

The reward for forging depends on the number of coins in a user’s account:

If a miner has between 888 and 999,999 SPA (inclusive) in an account, he or she receives only the sum of the transaction fees.

If the miner has 1,000,000 SPA or more in an account, he or she is also awarded newly created SPA tokens.

Thus, miners in the first category support the network, but miners in the second category also help the cryptocurrency growth by investing at the initial stage. Accordingly, they receive more profits.To avoid centralization, each miner (balance of 1,000,000 SPA or more) has an equal chance of creating a new block.

You can find out how to make money on forging on our website: https://sparta.top/how-to-earn.html
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Mon Apr 02, 2018 7:09 am

Want to know everything about us?
Read our Whitepaper


The SPARTA Whitepaper contains detailed information about our decentralized cryptocurrency. In this document you will learn about SPARTA’s mission, advantages, technical features details and our future plans. We recommend that you read the Whitepaper very carefully to gain an in-depth understanding of the SPARTA cryptocurrency.

The SPARTA Whitepaper: https://sparta.top/whitepaper.html
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Wed Apr 04, 2018 8:00 am

SPARTA key benefits in brief

1. Blockchain technology. The authenticity of any payment can be easily verified, and cryptocurrency cannot be forged or hacked. SPARTA is decentralized, so states and companies cannot influence operations inside the system.
2. Transfers to anywhere, any time. SPARTA transactions are performed 24/7. You decide when, to whom, and where to send the cryptocurrency.
3. Always the lowest fees. You pay minimum fees on SPARTA transactions. The initial transaction fee is 1 SPA. Unlike the fees for other cryptocurrencies, SPARTA fees are adjusted dynamically to remain as low as possible. The fee was introduced to protect against DDoS attacks.
4. Security. SPARTA prevents various network attacks, giving fraudsters no opportunity to act.
5. Convenience and accessibility for everyone. Anyone can use SPARTA. SPA can be easily exchanged for fiat money at any time through exchanges and exchange platforms.
6. Proof-of-Stake Technology. Instead of wasting enormous computing power, user account balances are used to ensure network security. Thus, conventional computers and laptops can support the network. There is no need to buy expensive equipment or pay huge electricity bills.
7. Worthwhile reward for SPARTA forging. You will receive the sum of all the fees on the transactions in a block. If certain conditions are satisfied, you are also guaranteed to receive a reward in the form of newly created SPA tokens. The size of this reward, which is initially 8,000 SPA per block, will change every 500,000 blocks.
8. Protection against inflation. In all, almost 9 billion coins will be created. Unlike fiat money and most cryptocurrencies, SPARTA is backed by a limited number of tokens and protected against inflation. All new SPA tokens will be mined in about 8 years.
9. High capacity, fast transactions. A new block is created on the SPA network every minute. SPARTA processes over 1,278,720 transactions per day, which means 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
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Thu Apr 05, 2018 10:52 am

Promote SPARTA with our promotional materials


Created to build new and completely decentralized financial relations, SPARTA is the most convenient and safest cryptocurrency available to everyone. Like any other product, SPARTA needs to be advertised.

Information must be disseminated as extensively as possible to make people aware of SPARTA and the idea behind it, and to encourage them to widely adopt cryptocurrency.

Please review our promotional materials. We would be pleased if you would share them with your friends, acquaintances, and followers. Post them on your website, blog, social media, etc.

Marketing kit: https://sparta.top/SPARTA_MK.pdf
Brand book: https://sparta.top/SPARTA_Brandbook.pdf
Presentation: https://sparta.top/SPARTA_presentation.pdf
FAQ: https://sparta.top/SPARTA_faq.pdf
Branded products: https://sparta.top/SPARTA_branded.pdf
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Mon Apr 16, 2018 11:16 am

SPARTA's character and mission

Our goal is to start a new stage in the evolution of cryptocurrencies. SPARTA allows cryptocurrency technologies to more easily and more quickly gain broad adoption in our lives in order to create new financial relations that are decentralized, honest, and fair. This is our vision of the future.

For SPARTA and blockchain as a whole, the possibilities are endless. The main feature of payments based on a blockchain is that they enable transactions to be performed online without intermediaries. In the future, blockchain may be used not only for transactions, but also for recording, tracking, monitoring, and executing operations involving any assets.

Basically, we are dealing with a huge spreadsheet that records all assets and a global accounting system for performing transactions with those assets—without any restrictions on the type of assets, parties to the transaction, or geographical location.

SPARTA technology, with its clear advantages, will take cryptocurrency to an entirely new level. Thanks to all the advantages, convenience, and ease-of-use, everybody will want to and be able to use digital money. People can use SPARTA to gain independence from banks and easily earn money from home.

In time, people will recognize the cryptocurrency's advantages over traditional money and will begin to use it en masse. As a result, financial relations in society will fundamentally change, becoming honest and fair. Accordingly, the entire world will become honest and fair. This is our ultimate goal!
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Tue Apr 17, 2018 10:00 am

Privacy and legal

SPARTA cryptocurrency was conceived and developed for creating fair financial relations among people. The cryptocurrency code is completely open, so anyone can use it.

SPARTA does not violate any international laws. So if cryptocurrency is not banned in your country, you may use it. We call to comply with the laws of the country of your residence.
SPARTA
Posts: 14
Joined: Fri Mar 23, 2018 7:22 am

Re: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Postby SPARTA » Wed Apr 18, 2018 6:18 am

FAQ

Especially for our users, we have prepared a comprehensive list of answers to frequently asked questions.

Illustrated FAQ: https://sparta.top/SPARTA_faq.pdf
FAQ on the website: https://sparta.top/faq.html

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