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Update README #58

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43 changes: 21 additions & 22 deletions README.md
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BlackCoin [BLK] Source Code
===========================

BlackCoin development tree
![BLK logo](http://blackcoin.co/img/blackcoin-128.png)

BlackCoin is a PoS-based cryptocurrency.

Development process
===========================
Launch Date: 24 Feb 2014 06:00 UTC


Developers work in their own trees, then submit pull requests when
they think their feature or bug fix is ready.
Specifications
--------------

The patch will be accepted if there is broad consensus that it is a
good thing. Developers should expect to rework and resubmit patches
if they don't match the project's coding conventions (see coding.txt)
or are controversial.
* PoS without coin age
* Max reorganization depth: 500 blocks
* Block time: 64 seconds
* Difficulty retarget: every block
* PoS Reward: 1.5 BLK
* Min transaction fee: 0.0001 BLK
* Fees are paid to miners
* Confirmations: 10, maturity: 500
* Min stake confirmations: 500
* P2P port: 15714, RPC port: 15715

The master branch is regularly built and tested, but is not guaranteed
to be completely stable. Tags are regularly created to indicate new
stable release versions of BlackCoin.

Feature branches are created when there are major new features being
worked on by several people.
Social
---------

From time to time a pull request will become outdated. If this occurs, and
the pull is no longer automatically mergeable; a comment on the pull will
be used to issue a warning of closure. The pull will be closed 15 days
after the warning if action is not taken by the author. Pull requests closed
in this manner will have their corresponding issue labeled 'stagnant'.
IRC: [![Visit our IRC Chat!](https://kiwiirc.com/buttons/chat.freenode.net/blackcoin.png)](https://kiwiirc.com/client/chat.freenode.net/?nick=Blackcoiner|?&theme=cli#blackcoin)

Issues with no commits will be given a similar warning, and closed after
15 days from their last activity. Issues closed in this manner will be
labeled 'stale'.
Reddit: [/r/blackcoin/](https://www.reddit.com/r/blackcoin)