FAQ
What is Nockchain?
Nockchain is a no pre-mine PoW L1 that combines Bitcoin’s sound money incentives with modern research into data availability, app-rollups, and intent-based composability.
What is $NOCK?
$NOCK is the coin issued by the Nockchain protocol. $NOCK has an immutable supply schedule, a hard-cap, and no pre-mine. $NOCK starts as a neutral store-of-value, then scales as a medium-of-exchange and becomes more useful for application developers over time.
There are 2^32 nocks that will ever exist. Each nock can be subdivided into 2^16 nicks.
What is ZK-Proof of Work?
Nockchain uses ZK-Proof of Work as its consensus mechanism for providing trustless settlement and ordering guarantees. ZK-Proof of Work is similar to Hashing-Proof of Work in that miners compete to try to run a puzzle computation repeatedly with different nonces until the hash of the output is less than a targeted number, colloquially referred to as the difficulty. In our initial implementation of ZK-Proof of Work, miners create a Zero-Knowledge Proof (ZKP) of a fixed puzzle computation and then hash the ZKP.
Nockchain's parameters are similar to that of Nakamoto Consensus, with a 10 minute block time target, difficulty retargeting every 2 weeks, and an initial block size of 1MB.
Where do I go to download the Nockchain open-source mining code?
zorp-corp
What is Dumbnet?
Dumbnet is the first version of the Nockchain mainnet. It's rather minimal and only has features for simple spends of UTXOs, multisigs, and timelocks.
How do you define fair launch?
A fair-launch is a Proof-of-Work competition in which there is no pre-mine, and everyone can verify that mining started at a known time.
What is Zorp's relationship to Nockchain?
Zorp is a for-profit $NOCK treasury company. Zorp does protocol development and mining focused around the Nock ecosystem. Zorp developed the initial version of the Nockchain protocol.
