About Nito.Network

What is Nito?
Nito stands out as the benchmark platform, designed with a focus on decentralization, efficiency, and security. Thanks to a 100% Proof of Work (PoW) consensus mechanism, Nito ensures solid security and fairness by allowing anyone with the necessary hardware to participate in the mining process. This democratizes the network, prevents centralization, and promotes true decentralization.

Nito blockchain system is designed to handle a high volume of transactions, with a one-minute block interval and a block size of 0.8 MB—scalable for higher transaction throughput if necessary. As a result, transactions are processed quickly and efficiently, which is essential for merchants who need immediate confirmations. In addition, Nito uses Bech32, making transactions more efficient by reducing data size and lowering costs.

Nito economic model is built for long-term sustainability. With a total supply of 1,154,217,600 Nito distributed over 200 years, Nito maintains steady and predictable growth. Real-time difficulty adjustment further ensures the stability and security of the network. It’s also worth noting that Nito has no pre-mine, guaranteeing fair distribution from the start.

• Block Interval: 1 minute
  

• Block Weight: 0.8 MB
  

• Total Supply: 1,154,217,600 NITO
  

• Difficulty Adjustment: Real-time
  

• Coin Distribution Duration: 200 years
  

• Ticker Symbol: NITO
  

• Smallest Unit: Nitoshi (1 NITO = 100,000,000 Nitoshi)
  

• Genesis Block Creation: Wednesday, August 21, 2024