Open rules. Independent verification.
Nito is a public Proof of Work blockchain. Its code, blocks and issuance schedule can be inspected independently.
Designed for the long run.
Block rewards extend over approximately 200 years. This keeps an issuance-based incentive for miners over a long horizon, alongside transaction fees.
Block reward NITO per block
| Years | NITO per block |
|---|---|
| 1 | 512 |
| 2 | 256 |
| 3 | 128 |
| 4-10 | 64 |
Full reward schedule
| Years | NITO per block | Block range |
|---|---|---|
| 1 | 512 | 0 – 529,999 |
| 2 | 256 | 530,000 – 1,042,399 |
| 3 | 128 | 1,042,400 – 1,576,799 |
| 4–10 | 64 | 1,576,800 – 5,255,999 |
| 11–20 | 32 | 5,256,000 – 10,511,999 |
| 21–50 | 16 | 10,512,000 – 26,279,999 |
| 51–200 | 2 | 26,280,000 – 105,120,000 |
Orchard. A choice, not a requirement.
Fully shielded transfers hide the sender, recipient and amount on the public blockchain while allowing the network to verify the transaction. Transfers between transparent and shielded addresses reveal the amount crossing that boundary.
Activation is scheduled at block 1,165,432.
An address format. A privacy protocol.
Bech32x identifies Nito’s shielded addresses, starting with nito1x on mainnet. Orchard is the protocol that protects the transfers. Bech32 remains the default transparent address type; Bech32x is an explicit choice in a compatible wallet.
Verified without publishing the private details
- 01
Represent the funds
Funds are represented as private notes. The blockchain records cryptographic commitments, while encrypted note data lets the recipient detect and recover their funds.
- 02
Prove the transaction
Halo2 zero-knowledge proofs let nodes verify Orchard’s transaction rules without revealing the private notes’ recipients or amounts. Orchard’s proof system does not require a trusted setup ceremony.
- 03
Prevent double spending
Spending a note publishes a unique nullifier. Nodes reject a nullifier that has already been used, without publicly linking it to the original note commitment.
What is protected, what stays public
A fully shielded transfer hides sender, recipient and amount. Transfers between transparent and shielded funds reveal the value crossing that boundary. Transaction identifiers, commitments, nullifiers and encrypted data remain public; network traffic can still reveal information outside the blockchain.
More choice. The same Nito network.
Orchard adds optional on-chain privacy without replacing transparent transfers or changing SHA-256 mining, block rewards or the issuance schedule. Every node can still verify the applicable rules.
Prepare before activation
Node, pool and indexer operators need an officially released compatible version before the activation block. Shielded transfers also require a compatible wallet and synchronized services. An activation height does not mean that every wallet already supports Bech32x.
- Target block time
- 60 seconds
- Block limit
- 800,000 WU — protocol weight units
- Smallest unit
- 1 NITO = 100,000,000 Nitoshi
- Launch
- 21 August 2024
- Transparent addresses
- Legacy · P2SH-SegWit · Bech32 · Taproot
- Mainnet
- P2P 8820 · RPC 8825
- Testnet
- P2P 8840 · RPC 8845
- Signet
- P2P 8860 · RPC 8865
- Regtest
- P2P 8880 · RPC 8885