{ "nitofact1": { "title": "NitoFact # 1 - Did you know...", "content": "The Nito blockchain was launched on Saturday, 21st August 2024. Its Genesis block is encoded with \"Nito/Core Genesis 8-4.\". Nito was launched fairly with no pre-mine and the source code and binaries were immediately published to the Github repositary for anyone to install and begin mining.", "url": "" }, "nitofact2": { "title": "NitoFact # 2 - Did you know...", "content": "Nito has a fixed supply of just over 1.158 billion coins (1,158,422,400 NITO). Distribution spans 200 years giving multiple generations the opportunity to mine coins. 60% of the total supply will have been distributed at the end of Nitos first decade, with the remaining 40% distributed over the next 190 years.", "url": "" }, "nitofact3": { "title": "NitoFact # 3 - Did you know...", "content": "Nito blocks are mined approximately once every 60 seconds, allowing for fast confirmation of transactions. The 1 minute block time was chosen as it provided an optimal balance between speed and security. Less than one minute and the chain sees more orphaned and empty blocks. More than one minute and confirmation times become very long.", "url": "" }, "nitofact4": { "title": "NitoFact # 4 - Did you know...", "content": "The economic model of Nito is built for long-term sustainability. The total supply of 1.158 Billion NITO (1,158,422,400 NITO) will be distributed over 200 years. This allows Nito to maintain steady and predictable growth, giving multiple generations the opportunity to mine and accumulate coins.", "url": "" }, "nitofact5": { "title": "NitoFact # 5 - Did you know...", "content": "A single NITO can be divided up to 8 decimal places. The smallest unit of NITO is a Nitoshi. There are are 100,000,000 Nitoshi in 1 NITO. The name Nitoshi takes inspiration from a Satoshi, Bitcoin's smallest unit.", "url": "" }, "nitofact6": { "title": "NitoFact # 6 - Did you know...", "content": "The 200 year, multi-generational distribution of NITO coins means that the unfair advantage given to early adopters of other blockchains is minimized.", "url": "" }, "nitofact7": { "title": "NitoFact # 7 - Did you know...", "content": "The official website for the Nito blockchain can be found here: https://nito.network", "url": "https://nito.network" }, "nitofact8": { "title": "NitoFact # 8 - Did you know...", "content": "The Nito codebase is a lightly modified version of Bitcoin Core. It takes the best features of Bitcoin 27, removes legacy code, and addresses Bitcoin's shortcomings to improve speed and efficiency. Segwit, bech32 and taproot are enabled by default. Base58 segwit and base58 legacy are removed. This makes Nito blocks as efficient as possible.", "url": "" }, "nitofact9": { "title": "NitoFact # 9 - Did you know...", "content": "Nito uses a custom real-time difficulty adjustment algorithm - NitoShield - that was written specifically for Nito. NitoShield is designed to efficiently and automatically adjust the difficulty after each block, preventing periods of rapid or very slow block creation that can follow sudden, dramatic changes in network hashrate. This results in a more stable and reliable experience for both users, miners and developers.", "url": "" }, "nitofact10": { "title": "NitoFact # 10 - Did you know...", "content": "Like Bitcoin, Nito uses the SHA256 mining algorithm. SHA256 was chosen due to its robustness, security, and efficiency. SHA256 mining hardware is widely available allowing anyone to easily participate, and existing Bitcoin mining infrastructure can be easily adapted to add support for Nito.", "url": "" }, "nitofact11": { "title": "NitoFact # 11 - Did you know...", "content": "There are currently approximately 810,080 blocks in the Nito blockchain. The next major milestone will take place in 131 days when the Nito blockchain will pass 1 Million blocks! This will happen at approximately 07:52 UTC on 17 August 2026.", "url": "" }, "nitofact12": { "title": "NitoFact # 12 - Did you know...", "content": "There is no founders reward with the Nito blockchain. The reward for mining each block only ever goes to whoever mined it. No part of it goes to anyone else.", "url": "" }, "nitofact13": { "title": "NitoFact # 13 - Did you know...", "content": "The Nito Core software is incredibly lean and effient. It currently requires less than 1Gb RAM and under 5Gb disk space. This makes running Nito Core very inexpensive - be it in the cloud on a VPS or a low power device such as a single-board computer (Raspberry Pi etc.).", "url": "" }, "nitofact14": { "title": "NitoFact # 14 - Did you know...", "content": "Nito's current block reward is 256 NITO. This is the reward given to the miner who secures each block on the Nito blockchain. The next \"halving\" will be in 167 days when the block reward will drop to 128 NITO per block. This will occur at approximately 21:12 UTC on 21 September 2026.", "url": "" }, "nitofact15": { "title": "NitoFact # 15 - Did you know...", "content": "There are currently 341,934,080 NITO in circulation which is 29.52% of the 1.158 Billion NITO total supply (1,158,422,400 NITO). Currently, 256 NITO enter the circulating supply each minute as miners work to secure the network. It will take 200 years for the total supply of NITO to be distributed.", "url": "" }, "nitofact16": { "title": "NitoFact # 16 - Did you know...", "content": "All existing software built for Bitcoin will work with Nito, with only a few small changes. This makes it easy to make Nito work with established software. Furthermore, all Bitcoin miners can be used to mine NITO since they use the same algorithm, SHA256.", "url": "" }, "nitofact17": { "title": "NitoFact # 17 - Did you know...", "content": "The default listening port for Nito Core is 8820 for mainnet and 8840 for testnet. If you are running a Nito node, make sure you have opened the appropriate ports on your router so that other nodes can connect to you.", "url": "" }, "nitofact18": { "title": "NitoFact # 18 - Did you know...", "content": "The Nito blockchain had absolutely no pre-mine. Since the genesis block, everyone has had the same opportunity to mine and accumulate coins.", "url": "" }, "nitofact19": { "title": "NitoFact # 19 - Did you know...", "content": "The Nito blockchain had absolutely no pre-mine. Since the genesis block, everyone has had the same opportunity to mine and accumulate coins.", "url": "" }, "nitofact20": { "title": "NitoFact # 20 - Did you know...", "content": "Anyone who wants to has the ability to solo mine NITO directly to their own node. Simply install the Nito stratum software and you can start solo mining today using your SHA256 miner. Find it here: https://github.com/NitoNetwork/STRATUM-Pool", "url": "https://github.com/NitoNetwork/STRATUM-Pool" }, "nitofact21": { "title": "NitoFact # 21 - Did you know...", "content": "Transaction fees on the Nito blockchain are typically incredibly low - a fraction of a cent. The 200 year distribution means that transaction fees alone will not be required to secure the network until the year 2224! Before then, miners are rewarded with new coins for every block they mine, ensuring that the network will be secured long into the future.", "url": "" }, "nitofact22": { "title": "NitoFact # 22 - Did you know...", "content": "Nito is not an ICO or a token launched on another network, but rather a pure blockchain project with its own consensus rules like Bitcoin, DigiByte or Litecoin.", "url": "" }, "nitofact23": { "title": "NitoFact # 23 - Did you know...", "content": "Nito can be used to store tiny amounts (80-bytes) of data along with a transaction known as OP_RETURN. This is useful for document hashes for notarization/validation, dApps, scripting, and more.", "url": "" }, "nitofact24": { "title": "NitoFact # 24 - Did you know...", "content": "You can look up any transaction on the Nito Blockchain by inputting a transaction ID, Nito address, or block number into a 'Blockchain Explorer'. The community maintains one such explorer you can use at: https://explorer.nito.network/", "url": "https://explorer.nito.network/" }, "nitofact25": { "title": "NitoFact # 25 - Did you know...", "content": "The name 'Nito' was chosen because it was the name of a trading post used by the Mayan civilization, located at the mouth of the Dulce river, As a name, Nito also has the benefit of being short, easy to remember and easy to pronounce in different languages.", "url": "" }, "nitofact26": { "title": "NitoFact # 26 - Did you know...", "content": "Nito can do smart contracts thanks to its 'script' language. You can run a whole lot of powerful tools on top of Nito to power a dApp.", "url": "" }, "nitofact27": { "title": "NitoFact # 27 - Did you know...", "content": "The development of the Nito ecosystem is being carried out by a worldwide team of volunteers, who all donate their time out of a passion for the project. There is no central company employing and paying people, it's all given freely by our incredible developers and supporting community.", "url": "" }, "nitofact28": { "title": "NitoFact # 28 - Did you know...", "content": "Thanks to Segwit, Nito can safely and securely perform Atomic Swaps with other blockchains. There is no need for a second layer network to perform this and it can instead be done directly.", "url": "" }, "nitofact29": { "title": "NitoFact # 29 - Did you know...", "content": "Nito uses bech32 addresses by default, with support for the legacy addresses used by Bitcoin completely removed. Nito addresses start with \"nito1\" making them easy to recognise.", "url": "" }, "nitofact30": { "title": "NitoFact # 30 - Did you know...", "content": "Anyone can build second-layer networks on top of the Nito Blockchain, such as NitoAssets, Lightning Networks, ICOs, Tokens, assets and more. If you can build it on Bitcoin, you can build it on Nito.", "url": "" }, "nitofact31": { "title": "NitoFact # 31 - Did you know...", "content": "There's a mind-boggling number of possible Nito addresses. 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 (2¹⁶⁰). This is a quindecillion. It's so big you could randomly generate trillions of addresses a second and never generate the same one twice.", "url": "" }, "nitofact32": { "title": "NitoFact # 32 - Did you know...", "content": "The Nito Core wallet connects to a variety of peers, not just the 'closest' or 'fastest'. It finds connections from all over the world, to ensure you get a broad consensus on the Nito blockchain and protects you against sybil attacks.", "url": "" } }