Lanacoin (LANA) is a hybrid proof of work/ proof of stake open blockchain using sha256 hashing algorithm.
Proof of work miners are rewarded with newly created LANAs for securing the blockchain while Lana community is rewarded for staking their LANAs and competing for stake blocks. Finders/stakers of proof of stake blocks are rewarded with a fixed Lana amount of 1000 LANAs plus a 7% annual stake reward.
Proof of stake reward will be cut in half (halved) at block height 525600, while the last proof of work block is set at block height 750000. At the time of writing lanacoin blockchain is at block height 253755.