ReweCoin (RWC) — Whitepaper
Version 0.1 — Draft, September 2026
Note on this draft: This whitepaper is built entirely on parameters verified directly from the ReweCoin mainnet node and its consensus source code. Sections marked TBD are intentionally left open for the project team to finalize — they are not filled with invented figures.
1. What is ReweCoin?
ReweCoin (ticker: RWC) is an independent, standalone Proof-of-Work blockchain built on the Zcash codebase (zcashd 6.0.0). It launched its own mainnet on September 21, 2026, with no premine and no founders’ allocation — every RWC in circulation has been earned through public mining from block zero.
ReweCoin inherits Zcash’s transaction model (transparent and shielded pools, UTXO-based ledger) and its Equihash Proof-of-Work consensus, while operating as a fully separate chain with its own genesis block, its own emission schedule, and its own network parameters.
2. Why does it exist?
TBD — this section should state the project’s actual motivation in the founder’s own words: what gap ReweCoin is meant to fill, what makes it different from simply using Zcash or another existing chain, and what long-term problem it aims to solve. A whitepaper’s credibility rests heavily on this section being specific and honest rather than generic.
3. How does it work?
3.1 Consensus
ReweCoin uses Proof-of-Work with the Equihash algorithm — the same memory-hard, ASIC-resistant algorithm used by Zcash, designed to keep mining accessible to consumer GPU hardware rather than concentrating it in specialized mining hardware.
- Target block time: 75 seconds
- Difficulty adjustment: dynamic, per-block (inherited from zcashd)
3.2 Transaction model
ReweCoin supports both transparent (visible, auditable) and shielded transaction pools, inherited from the Zcash architecture (Sapling/Orchard shielded pools are present in the protocol, though usage patterns to date have been primarily transparent).
3.3 Network infrastructure (live today)
| Component | Status | URL |
|---|---|---|
| Mainnet node | Live | — |
| Testnet | Live | — |
| Block explorer | Live | https://explorer.rewecoin.com |
| Web wallet | Live | https://wallet.rewecoin.com |
| Faucet (testnet/early mainnet) | Live | via wallet |
| Mining | Live | Equihash, standard zcashd-compatible miners |
4. What utility does it have?
TBD — as of this draft, ReweCoin functions as base-layer infrastructure (send, receive, mine, explore) with no additional utility layer yet. Honest framing for this draft: “Without additional utility, RWC is currently infrastructure, not a product.” Planned utility directions under consideration:
- Payment rail for goods/services
- Membership / access-gating token
- Marketplace settlement currency
- Staking or reward mechanisms (would require protocol-level design work, as the current chain is pure PoW)
Each of these should only be listed in a final whitepaper once there is a concrete implementation plan — vague utility promises are a common credibility problem in new token launches.
5. Supply and emission
Full detail: see tokenomics/supply-and-emission.md. Summary:
- Initial block reward: 50 RWC
- Halving interval: 840,960 blocks (~2 years at target block time)
- Premine: None (verified on-chain)
- Theoretical asymptotic total supply: ~84,093,434 RWC
- Technical overflow cap: 100,000,000 RWC (not the real target — see tokenomics doc)
6. Roadmap
TBD — the items below are carried over from internal planning notes and should be confirmed/reordered by the team before publishing:
- Mainnet + testnet live
- Block explorer (search, transactions, addresses, blocks)
- Web wallet (send/receive/transactions/mining status)
- Faucet
- Public whitepaper (this document)
- Landing page (rewecoin.com)
- Community channels (Telegram, Discord, X)
- End-to-end public test: faucet → wallet A → send → wallet B → explorer confirmation
- Defined utility layer (see Section 4)
- Exchange listing / swap mechanism — note: this may carry regulatory implications (money transmission / KYC-AML) depending on jurisdiction and structure; recommend legal review before implementation, not just engineering.
- Mining pool (pool.rewecoin.com)
- Mobile app or PWA
7. Risks and disclaimers
- ReweCoin is an early-stage network. At the time of this draft, mainnet difficulty is at its floor value and the network has a minimal number of connected peers — normal for a newly launched chain, but it means real-world block timing and security assumptions will shift as the network grows.
- Emission timeline projections in Section 5 assume the network sustains its target block time; actual timelines will vary with real hashrate.
- This document does not constitute financial advice, and RWC should not be treated as an investment absent a clear, separately-documented utility case.
This whitepaper will be revised as the project reaches each roadmap milestone. Suggestions and corrections should be filed as issues/PRs against this repository.