Minarik1987
Junior Member
- Jul 18, 2012
- 172
- 27
I'm about to create a More Advance Bitcoin Like Digital Currency - Needs your Support and Suggestions.
I'm been observing bitcoins for many months I decided try to make my own. I know little programming but I have a team of experienced programmers ready to do the work.
Name of Currency: not yet decided need your suggestions.
Features:
CPU only Mining / Asics Proof - This will ensure that it will not be raped owners of asics that currently mining bitcoins. BTW, Bitcoin mining is currently monopolized by few big asics corporation. This will also ensure that new adopters that is fairly new to bitcoins will get their fair share in mining.
Proof and Work and Proof of Stakes Hybrid - Bitcoin is only a proof a work system. If you have hash power more than 51 percent you can send and chargeback what you send. This is what they called double spend. By adding Proof of Stakes system the attackers not only need to have hash power above 51 percent but also they need to have 51 percent of the coins. Which 51 percent is very difficult to obtain because it will only cause the prices to rise.
30 seconds confirmation - Btw, in bitcoin it will take at 10 minutes to get 1 confirmation and to make it fully confirmed you need six confirmations. This is not ideal for eCommerce sites. With our new system it would take only more or less 3 minutes to be fully confirmed. Too fast confirmations can also cause the blockchain to split or to create a new different block chain on its own. Which the two different new blockchain cannot send coins to each other. Based on our reasearch 30 seconds confirmation is the best.
Zerocoin/anonymous feature - This is a proof of concept to make the transactions even more anonymous. So far I know no digital currencies is using this system. This is a system that is added on top of the blockchain to make the transactions even more untraceable. - This can also be added later.
Promotion
I think the success of the a digital currencies rely on the promotions. And we are internet marketers. I think its time we have our own digital currency. So we can stop relying on greedy paypal. What if all internet marketers accept a new digital currency. I think with our numbers and sites we control if we support our own currency it could be one of the biggest currency in no time.
My plan is to create a small premine to award websites and forum owners who will adopt the new currency and others that help promoting it.
Please let me know what you think.
I'm been observing bitcoins for many months I decided try to make my own. I know little programming but I have a team of experienced programmers ready to do the work.
Name of Currency: not yet decided need your suggestions.
Features:
CPU only Mining / Asics Proof - This will ensure that it will not be raped owners of asics that currently mining bitcoins. BTW, Bitcoin mining is currently monopolized by few big asics corporation. This will also ensure that new adopters that is fairly new to bitcoins will get their fair share in mining.
Proof and Work and Proof of Stakes Hybrid - Bitcoin is only a proof a work system. If you have hash power more than 51 percent you can send and chargeback what you send. This is what they called double spend. By adding Proof of Stakes system the attackers not only need to have hash power above 51 percent but also they need to have 51 percent of the coins. Which 51 percent is very difficult to obtain because it will only cause the prices to rise.
30 seconds confirmation - Btw, in bitcoin it will take at 10 minutes to get 1 confirmation and to make it fully confirmed you need six confirmations. This is not ideal for eCommerce sites. With our new system it would take only more or less 3 minutes to be fully confirmed. Too fast confirmations can also cause the blockchain to split or to create a new different block chain on its own. Which the two different new blockchain cannot send coins to each other. Based on our reasearch 30 seconds confirmation is the best.
Zerocoin/anonymous feature - This is a proof of concept to make the transactions even more anonymous. So far I know no digital currencies is using this system. This is a system that is added on top of the blockchain to make the transactions even more untraceable. - This can also be added later.
Promotion
I think the success of the a digital currencies rely on the promotions. And we are internet marketers. I think its time we have our own digital currency. So we can stop relying on greedy paypal. What if all internet marketers accept a new digital currency. I think with our numbers and sites we control if we support our own currency it could be one of the biggest currency in no time.
My plan is to create a small premine to award websites and forum owners who will adopt the new currency and others that help promoting it.
Please let me know what you think.
